6-Unit Apartment
New
For Sale
$1,325,000
1820 NE 56th Street #1-6, Fort Lauderdale, FL 33308
RMM-25 zoning, refreshed systems, and shared laundry serve a multifamily property without HOA or rental restrictions.
Property Size4,588 SF
Price / SF$288.80
Days on Market3
Property Features for 1820 NE 56th Street #1-6
General Information
Standard status
Active
Size
4,588 SF
Total Parking Spaces
9
Property subtype
Residential Income
Zoning
RMM-25
Net Operating Income
$74,600
Units
Unit Mix
2 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$19,814
Amenities
coin-operated laundry room
Building Details
Building Size
4,588 SF
Year Built
1965
Buildings
1
Stories
2
Listing Agency:
Berkshire Hathaway Florida Realty
(561) 208-6483
Listed By:
Ram Almog · License #3207875
(561) 208-6483
Source:
Laerrealty
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 3 at 3:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Florida Realty
Investment Insights
Based on property information with market context.
This 6-unit apartment property at 1820 NE 56th Street in Fort Lauderdale contains two 2-bedroom/1-bath units and four 1-bedroom/1-bath units across 4,588 square feet. The building sits on a concrete corner lot with parking for up to 13 vehicles and includes a coin-operated laundry room. Constructed in 1965, the property has a roof installed in 2021, a new washer and dryer, and central air-conditioning systems that are mostly 1–4 years new.
The property is located in the Coral Ridge area and carries RMM-25 zoning. All 40/10-year recertifications have been completed. There is no HOA, and the property has no rental restrictions.
The property is located in the Coral Ridge area and carries RMM-25 zoning. All 40/10-year recertifications have been completed. There is no HOA, and the property has no rental restrictions.
Key Highlights
- Six‑unit layout with two 2/1 apartments and four 1/1 apartments
- 4,588 square feet on a concrete corner lot
- Parking for up to 13 vehicles
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.1k | $28.80 |
| − Vacancy | −$6.9k | −$1.50 |
| EGI | $125.3k | $27.30 |
| − OpEx | −$56.4k | −$12.29 |
| NOI | $68.9k | $15.02 |
4,588 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$984.2K
$861.2K – $1.15M
NOI $68,895 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.08M
$2.70M – $3.60M
NOI $215,820 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,272
Businesses Nearby
Explore this area
Business Placement
Demographics for 33308, FL
29,519
Population
23,230
Households
1.3
Avg Household Size
57
Median Age
56%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
6,417
Density / Sq Mi
$83,413
Median Household Income
$58,600
Median Earnings
$1,850
Median Rent
$536,900
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?
Apartment building - RMM-25 zoning, refreshed systems, and shared laundry serve a multifamily property without HOA or rental restrictions.
Where is this apartment building located?
The property is located at 1820 NE 56th Street #1-6 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Six‑unit layout with two 2/1 apartments and four 1/1 apartments; 4,588 square feet on a concrete corner lot; Parking for up to 13 vehicles
