Triplexes with Private
New
For Sale
$7,900,000
1825 NE 26th Ave 1, Fort Lauderdale, FL 33305
Three townhomes are offered together, each with a rooftop terrace, private pool, and Thermador kitchen.
Property Size14,550 SF
Price / SF$539.25
Days on Market3
Property Features for 1825 NE 26th Ave 1
General Information
Standard status
Active
Size
14,550 SF
Property subtype
Commercial
Net Operating Income
$473,500
Financials
Asking Price
$7,900,000
Cap Rate
6%
Gross Income
$552,000
Units
Unit Mix
3 x 4BR+den
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$45,000
Amenities
private pool
rooftop terrace
Building Details
Building Size
14,550 SF
Listing Agency:
One Way Realty Group, LLC
(305) 915-7737
Listed By:
Gevorg Shahbazyan · License #A12043244
(305) 915-7737
Source:
Elliman
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 6:46AM
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 One Way Realty Group, LLC
Investment Insights
Based on property information with market context.
This triplex property comprises three townhomes offered together as one multifamily asset. Each residence includes 4BR plus a den, a private pool, a 1200 SF rooftop terrace, and a Thermador kitchen. Combined under-air and rooftop area totals 14,650 SF.
The property is located at 1825 NE 26th Ave 1 in Fort Lauderdale, adjacent to Coral Ridge Country Club. The location records a bike score of 69, a walk score of 73, and a transit score of 38. The asset carries a stated 6% cap rate and was previously sold as individual units before being assembled for sale as a single offering.
The property is located at 1825 NE 26th Ave 1 in Fort Lauderdale, adjacent to Coral Ridge Country Club. The location records a bike score of 69, a walk score of 73, and a transit score of 38. The asset carries a stated 6% cap rate and was previously sold as individual units before being assembled for sale as a single offering.
Key Highlights
- Three townhomes offered together as one triplex property
- Each residence includes 4BR plus a den and a private pool
- Each townhome features a 1200 SF rooftop terrace
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
$244,213
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
3.09%
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%
$4,884,260
$4.9M
Cap Rate 7%
$3,488,757
$3.5M
Cap Rate 9%
$2,713,478
$2.7M
Market Conditions
NOI Build-Up for 14,650 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
$369.2K $25.20/SF
− Vacancy
−$20.3K −$1.39/SF
EGI
$348.9K $23.81/SF
− OpEx
−$104.7K −$7.14/SF
NOI
$244.2K $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%
$4,884,260
Cap Rate 7%
$3,488,757
Cap Rate 9%
$2,713,478
Alternative Uses
Best Use
Multifamily LT 5
$3.49M
$3.05M – $4.07M
NOI $244,213 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$3.14M
$2.75M – $3.67M
NOI $219,989 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$9.84M
$8.61M – $11.49M
NOI $689,136 @ 7.0% cap · market cap 8.72%
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
817
Businesses Nearby
Explore this area
Business Placement
Demographics for 33305, FL
12,044
Population
8,285
Households
1.5
Avg Household Size
52
Median Age
54%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
5,475
Density / Sq Mi
$89,944
Median Household Income
$60,924
Median Earnings
$1,850
Median Rent
$558,200
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 - Three townhomes are offered together, each with a rooftop terrace, private pool, and Thermador kitchen.
Where is this triplex located?
The property is located at 1825 NE 26th Ave 1 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: Three townhomes offered together as one triplex property; Each residence includes 4BR plus a den and a private pool; Each townhome features a 1200 SF rooftop terrace
