Triplex with Two-Story Rear
For Sale
$820,000
1913 Riverside Drive, Fort Lauderdale, FL 33312
The property combines a two-bedroom home with two one-bedroom apartments and shared laundry in the rear building.
Property Size3,223 SF
Days on Market12
Property Features for 1913 Riverside Drive
General Information
Standard status
Active
Size
3,223 SF
Property subtype
Triplex
Site & Location
Neighborhood
Rpra
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,334
Building Details
Building Size
3,223 SF
Year Built
1959
Listing Agency:
Keller Williams Realty SW
Listed By:
Rafael Carrero · License #3162134
(954) 865-6690
Source:
Tylertuchow
Added: Oct 13
Changed: Oct 17
Last Checked: Oct 23 at 3:27PM
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 Keller Williams Realty SW
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Investment Insights
Based on property information with market context.
This 3,223-square-foot triplex, built in 1959, has three residences: a front home with two bedrooms and one bathroom, plus two one-bedroom, one-bathroom apartments in a separate two-story rear building. The front home has its own laundry; the rear apartments share laundry facilities. Recent property work includes fresh interior paint, updated electrical panels, PVC plumbing, and upgraded appliances. The front residence has a 2011 roof, the two-story building has a 2020 roof, and an additional rear structure has a 2023 roof.
The site includes parking, mature tropical landscaping, garden areas, outdoor space, and a backyard. Zoning is RD-15.
The site includes parking, mature tropical landscaping, garden areas, outdoor space, and a backyard. Zoning is RD-15.
Key Highlights
- Three residential units: one 2‑bedroom home and two 1‑bedroom apartments
- 3,223 square feet; built in 1959
- Separate two‑story rear building contains both 1‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,727
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,074,540
$1.1M
Cap Rate 7%
$767,529
$767.5K
Cap Rate 9%
$596,967
$597.0K
Market Conditions
NOI Build-Up for 3,223 SF
Gross rent
$81.2K $25.20/SF
− Vacancy
−$4.5K −$1.39/SF
EGI
$76.8K $23.81/SF
− OpEx
−$23.0K −$7.14/SF
NOI
$53.7K $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 Rate 5%
$1,074,540
Cap Rate 7%
$767,529
Cap Rate 9%
$596,967
Alternative Uses
Best Use
Multifamily LT 5
$767.5K
$671.6K – $895.5K
NOI $53,727 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$691.4K
$605.0K – $806.6K
NOI $48,398 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,610 @ 7.0% cap · market cap 18.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
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Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The property combines a two-bedroom home with two one-bedroom apartments and shared laundry in the rear building.
Where is this triplex located?
The property is located at 1913 Riverside Drive Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: Three residential units: one 2‑bedroom home and two 1‑bedroom apartments; 3,223 square feet; built in 1959; Separate two‑story rear building contains both 1‑bedroom apartments
