Well-Maintained Triplex with
For Sale
Contact for pricing
1911 NE 27th Court # 3 #1-3, Lighthouse Point, FL 33064
Updated triplex offers central A/C, in-unit laundry, hurricane shutters, and multiple parking spaces.
Property Size2,807 SF
Price / SF$374.06
Days on Market139
Property Features for 1911 NE 27th Court # 3 #1-3
General Information
Standard status
Active
Size
2,807 SF
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
RM-16
Additional Details
Business Included
Yes
Multifamily Units
3
Building Details
Year Built
1966
Units
3
Tenancy
Multi
Listing Agency:
DNS International Realty FL
(561) 225-7542
Listed By:
James Mangano · License #3325038
Source:
Crexi
Added: Mar 27
Changed: Aug 10
Last Checked: Aug 9 at 9:47AM
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 DNS International Realty FL
Investment Insights
Based on property information with market context.
This well-maintained triplex features three updated units with renovated bathrooms and kitchen cabinets with granite, along with tile flooring throughout and updated windows and doors. Each unit includes its own laundry area and central A/C, and hurricane shutters provide additional weather protection. The property is CBS construction with a tile roof. Tenants also benefit from recently paved parking for six vehicles, plus private green space and two sheds on site.
The property is located in the Lighthouse Point Estates community. It is described as being east of US-1, approximately 2.4 miles to the beach, and within walking distance of Whole Foods and Publix and numerous dining options. The community is noted as having its own police and fire department, as well as parks and a marina district. The landlord pays sewer, water, trash, and landscapers, and there is no HOA.
For buyers seeking an income-producing residential property, this triplex is presented as having long-term tenants on month-to-month terms who wish to remain. The current rents are described as below market value, with the understanding that buyers and agents should verify all information and measurements. Please do not stop or disturb tenants.
The property is located in the Lighthouse Point Estates community. It is described as being east of US-1, approximately 2.4 miles to the beach, and within walking distance of Whole Foods and Publix and numerous dining options. The community is noted as having its own police and fire department, as well as parks and a marina district. The landlord pays sewer, water, trash, and landscapers, and there is no HOA.
For buyers seeking an income-producing residential property, this triplex is presented as having long-term tenants on month-to-month terms who wish to remain. The current rents are described as below market value, with the understanding that buyers and agents should verify all information and measurements. Please do not stop or disturb tenants.
Key Highlights
- Updated 3‑unit triplex built in 1966 with CBS construction and a tile roof.
- Each unit features updated bathrooms, kitchen cabinets with granite, and tile throughout (plus updated windows and doors).
- Central A/C and in‑unit laundry in all three units, plus hurricane shutters.
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
$46,792
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
4.46%
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%
$935,840
$935.8K
Cap Rate 7%
$668,457
$668.5K
Cap Rate 9%
$519,911
$519.9K
Market Conditions
NOI Build-Up for 2,807 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
$70.7K $25.20/SF
− Vacancy
−$3.9K −$1.39/SF
EGI
$66.8K $23.81/SF
− OpEx
−$20.1K −$7.14/SF
NOI
$46.8K $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 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%
$935,840
Cap Rate 7%
$668,457
Cap Rate 9%
$519,911
Alternative Uses
Best Use
Multifamily LT 5
$668.5K
$584.9K – $779.9K
NOI $46,792 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$616.7K
$539.6K – $719.5K
NOI $43,170 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,688 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,172
Businesses Nearby
Explore this area
Business Placement
Demographics for 33064, FL
62,429
Population
26,641
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
82%
High-School Grad
10.2 sq mi
ZIP Area
6,120
Density / Sq Mi
$66,269
Median Household Income
$35,090
Median Earnings
$1,689
Median Rent
$293,100
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 - Updated triplex offers central A/C, in-unit laundry, hurricane shutters, and multiple parking spaces.
Where is this triplex located?
The property is located at 1911 NE 27th Court # 3 #1-3 Lighthouse Point, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Updated 3‑unit triplex built in 1966 with CBS construction and a tile roof.; Each unit features updated bathrooms, kitchen cabinets with granite, and tile throughout (plus updated windows and doors).; Central A/C and in‑unit laundry in all three units, plus hurricane shutters.
