Short-Term Rental
For Sale
$1,250,000
1761 NE 55th Street, Fort Lauderdale, FL 33334
Residential Income, Fort Lauderdale, FL
Property Size3,258 SF
Lot Size0.27 Acres
Price / SF$383.67
Days on Market92
Property Features for 1761 NE 55th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RMM-25
Bedrooms
6
Full bathrooms
5
Half bathrooms
1
Rooms
Bathroom 5, Bedroom 5, Bathroom 6, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 6
Patio and Porch features
Porch, Patio
Pets allowed
Yes, No
Pool private
1
Exterior features
Courtyard, Garden
Subdivision
CORAL RIDGE ISLES
Elementary school
Floranada
Middle school
James S. Rickards
High school
Northeast
Standard status
Active
APN
494211070300
Size
3,258 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CORAL RIDGE ISLES 45-47 B LOT 30 BLK 28
Tax Annual Amount
22161
Legal Description
CORAL RIDGE ISLES 45-47 B LOT 30 BLK 28
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
heated pool
Building Details
Year built
1962
Floors in Building
1
Number of units
3
Flooring type
Tile
Listing Agency:
Keller Williams Realty Boca Ra
(561) 997-0500
Listed By:
Shlomo Dayan · License #3543407
(917) 628-1252
Added: Jun 9
Changed: Sep 8
Last Checked: Sep 8 at 8:06PM
MLS# B26038816
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,258-square-foot triplex was built in 1962 and is currently operating as an active short-term rental. The property includes six bedrooms and six bathrooms, with tile flooring, central heating, and central air conditioning. A private heated pool complements the courtyard, garden, patio, and porch areas. Public water and public sewer serve the property, which sits on a 0.27-acre lot and carries RMM-25 zoning.
The property is located at 1761 NE 55th Street in Fort Lauderdale, Florida, within Broward County. Its existing configuration and short-term rental operation provide a defined use profile for purchasers evaluating a multifamily property with furnished-accommodation potential.
The property is located at 1761 NE 55th Street in Fort Lauderdale, Florida, within Broward County. Its existing configuration and short-term rental operation provide a defined use profile for purchasers evaluating a multifamily property with furnished-accommodation potential.
Key Highlights
- 3,258‑square‑foot triplex on a 0.27‑acre lot
- Six bedrooms and six bathrooms
- Currently operating as an active short‑term rental
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,310
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,086,200
$1.1M
Cap Rate 7%
$775,857
$775.9K
Cap Rate 9%
$603,444
$603.4K
Market Conditions
NOI Build-Up for 3,258 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.1K $25.20/SF
− Vacancy
−$4.5K −$1.39/SF
EGI
$77.6K $23.81/SF
− OpEx
−$23.3K −$7.14/SF
NOI
$54.3K $16.67/SF
Area
Fort Lauderdale, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,086,200
Cap Rate 7%
$775,857
Cap Rate 9%
$603,444
Alternative Uses
Best Use
Multifamily LT 5
$775.9K
$678.9K – $905.2K
NOI $54,310 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$698.9K
$611.5K – $815.4K
NOI $48,923 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$2.19M
$1.92M – $2.55M
NOI $153,256 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,272
Businesses Nearby
Explore this area
Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Six-bedroom, six-bathroom property with a private heated pool, courtyard, garden, patio, and porch.
Where is this triplex located?
The property is located at 1761 NE 55th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,258‑square‑foot triplex on a 0.27‑acre lot; Six bedrooms and six bathrooms; Currently operating as an active short‑term rental
