3-Unit Residential
For Sale
$735,000
1861 NW 59th Way, Sunrise, FL 33313
Residential Income, Sunrise, FL
Property Size2,880 SF
Price / SF$255.21
Days on Market124
Property Features for 1861 NW 59th Way
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
RM-10
Bedrooms
9
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 8, Bedroom 6, Bedroom 2, Bedroom 9, Bathroom 3, Bathroom 1, Bedroom 7, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 3
Parking
6
Subdivision
SUNRISE GOLF VILLAGE SEC
Lot features
< 1/4 Acre
Standard status
Active
APN
494135220100
Size
2,880 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
SUNRISE GOLF VILLAGE SEC SIX 2ND ADD 68-1 B LOT 10
Tax Annual Amount
9713
Legal Description
SUNRISE GOLF VILLAGE SEC SIX 2ND ADD 68-1 B LOT 10
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1970
Floors in Building
1
Flooring type
Tile - Ceramic, Vinyl
Building materials
Block
Roof type
Shingle
Listing Agency:
Truenest Property Management
(954) 594-8182
Listed By:
Ana Binetti · License #3407116
(954) 592-9617
Added: Jun 11
Changed: Oct 10
Last Checked: Oct 12 at 4:06PM
MLS# A12031180
Copyright © 2026 Miami REALTORS®. 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 2,880-square-foot triplex contains three residences, each configured with 3 bedrooms and 1 bathroom. Built in 1970, the block-constructed property has central air, vinyl and ceramic tile flooring, and a shingle roof. Public sewer serves the property.
All three units are occupied. Two are leased under annual agreements, while the third has a month-to-month tenancy. The property is on a cul-de-sac in Sunrise.
All three units are occupied. Two are leased under annual agreements, while the third has a month-to-month tenancy. The property is on a cul-de-sac in Sunrise.
Key Highlights
- Three residences, each with 3 bedrooms and 1 bathroom
- 2,880 square feet across the triplex
- All units occupied: two annual leases and one month‑to‑month tenancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,009
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,180
$960.2K
Cap Rate 7%
$685,843
$685.8K
Cap Rate 9%
$533,433
$533.4K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$72.6K $25.20/SF
− Vacancy
−$4.0K −$1.39/SF
EGI
$68.6K $23.81/SF
− OpEx
−$20.6K −$7.14/SF
NOI
$48.0K $16.67/SF
Area
Broward County, 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 Rate 5%
$960,180
Cap Rate 7%
$685,843
Cap Rate 9%
$533,433
Alternative Uses
Best Use
Multifamily LT 5
$685.8K
$600.1K – $800.2K
NOI $48,009 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$632.7K
$553.7K – $738.2K
NOI $44,292 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,280 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
945
Businesses Nearby
Explore this area
Business Placement
Demographics for 33313, FL
63,284
Population
25,312
Households
2.5
Avg Household Size
36
Median Age
15%
College-Educated
85%
High-School Grad
6.3 sq mi
ZIP Area
10,045
Density / Sq Mi
$45,408
Median Household Income
$30,872
Median Earnings
$1,608
Median Rent
$236,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three occupied residences have central air, with two annual leases and one month-to-month tenancy.
Where is this triplex located?
The property is located at 1861 NW 59th Way Sunrise, FL.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Three residences, each with 3 bedrooms and 1 bathroom; 2,880 square feet across the triplex; All units occupied: two annual leases and one month‑to‑month tenancy
