6-Unit Apartment
For Sale
$1,325,000
Pending
1820 NE 56th Street # 6 Unit #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
Days on Market100
Property Features for 1820 NE 56th Street # 6 Unit #1-6
General Information
Standard status
Pending
Size
4,588 SF
Total Parking Spaces
13
Property subtype
Quadruplex
Site & Location
Neighborhood
Klrg
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
Listing Agency:
Berkshire Hathaway Florida Rea
Listed By:
Ram Almog · License #3207875
(561) 208-6483
Source:
Relinkre
Added: Jul 27
Changed: Oct 31
Last Checked: Nov 1 at 12:06PM
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 Rea
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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
Estimated NOI and Cap Rate
NOI / Yr
$68,895
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,900
$1.4M
Cap Rate 7%
$984,214
$984.2K
Cap Rate 9%
$765,500
$765.5K
Market Conditions
NOI Build-Up for 4,588 SF
Gross rent
$132.1K $28.80/SF
− Vacancy
−$6.9K −$1.50/SF
EGI
$125.3K $27.30/SF
− OpEx
−$56.4K −$12.29/SF
NOI
$68.9K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,900
Cap Rate 7%
$984,214
Cap Rate 9%
$765,500
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.
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Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in South region
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 # 6 Unit #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
