Adjacent Six-Unit Triplex
For Sale
$692,890
1911 SW 4TH Avenue, Fort Lauderdale, FL 33315
Residential Income, Fort Lauderdale, FL
Property Size2,082 SF
Lot Size0.14 Acres
Price / SF$332.80
Days on Market50
Property Features for 1911 SW 4TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RD-15
Bedrooms
5
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 2
Pets allowed
Yes, No
Subdivision
LAUDERDALE
Elementary school
Croissant Park
Middle school
New River
High school
Stranahan
Standard status
Active
APN
504215014970
Size
2,082 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAUDERDALE 2-9 D LOT 3 S 20,LOT 4 N 30 BLK 93
Tax Annual Amount
10635
Legal Description
LAUDERDALE 2-9 D LOT 3 S 20,LOT 4 N 30 BLK 93
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Wall/Window Unit(s), Central Air, Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Year built
1972
Floors in Building
1
Number of units
3
Flooring type
Tile
Building materials
CBS, Stucco
Roof type
Shingle
Listing Agency:
Fidelity Real Estate Group LLC
(954) 345-9144
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Added: Aug 3
Changed: Sep 20
Last Checked: Sep 21 at 6:06AM
MLS# B26059592
Copyright © 2026 BeachesMLS. 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 multifamily offering includes two adjacent triplex buildings that are being conveyed together, providing six residential units in total. The unit mix comprises four two-bedroom, one-bath apartments and two studios. Each building is approximately 2,000+ square feet and was constructed in 1972 with CBS and stucco exteriors, tile flooring, shingle roofs, and central air among the cooling systems. Tenants pay electric service.
The property is located at 1911 SW 4th Avenue in Fort Lauderdale, near downtown, Las Olas, and Fort Lauderdale Beach. Public water and public sewer serve the buildings, while cable is available. The site encompasses 0.14 acres and carries RD-15 zoning. Both structures are offered together as one six-unit residential income property.
The property is located at 1911 SW 4th Avenue in Fort Lauderdale, near downtown, Las Olas, and Fort Lauderdale Beach. Public water and public sewer serve the buildings, while cable is available. The site encompasses 0.14 acres and carries RD-15 zoning. Both structures are offered together as one six-unit residential income property.
Key Highlights
- Two adjacent triplex buildings offered together
- Six total units: four 2‑bedroom/1‑bath units and two studios
- Each building is approximately 2,000+ Sq. Ft.
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
$34,707
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
5.01%
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%
$694,140
$694.1K
Cap Rate 7%
$495,814
$495.8K
Cap Rate 9%
$385,633
$385.6K
Market Conditions
NOI Build-Up for 2,082 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
$52.5K $25.20/SF
− Vacancy
−$2.9K −$1.39/SF
EGI
$49.6K $23.81/SF
− OpEx
−$14.9K −$7.14/SF
NOI
$34.7K $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%
$694,140
Cap Rate 7%
$495,814
Cap Rate 9%
$385,633
Alternative Uses
Best Use
Multifamily LT 5
$495.8K
$433.8K – $578.5K
NOI $34,707 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$446.6K
$390.8K – $521.1K
NOI $31,264 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,937 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,500
Businesses Nearby
Explore this area
Business Placement
Demographics for 33315, FL
13,555
Population
6,991
Households
1.9
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
2,558
Density / Sq Mi
$90,760
Median Household Income
$43,815
Median Earnings
$1,789
Median Rent
$492,400
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Two neighboring triplex buildings offer four two-bedroom apartments and two studios with public utilities and central air.
Where is this triplex located?
The property is located at 1911 SW 4TH Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $692,890.
What are key features of this property?
This property features: Two adjacent triplex buildings offered together; Six total units: four 2‑bedroom/1‑bath units and two studios; Each building is approximately 2,000+ Sq. Ft.
