Triplex with Two-Story Rear
New
For Sale
$820,000
1913 Riverside Dr, Fort Lauderdale, FL 33312
Residential Income, Fort Lauderdale, FL
Property Size3,223 SF
Price / SF$254.42
Days on Market2
Property Features for 1913 Riverside Dr
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
RD-15
Parking
6
Subdivision
RIVERSIDE PARK
Lot features
Flood Zone, < 1/4 Acre
Standard status
Active
APN
504209120940
Size
3,223 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
RIVERSIDE PARK 7-24 B A PAR OF LAND 60 FT WIDE BOUNDED ON N BY A LN 30 FT NLY FROM, MEASURED AT R/A TO,& PARA TO SLY LN OF LOT 24 & BOUNDED
Tax Annual Amount
10334
Legal Description
RIVERSIDE PARK 7-24 B A PAR OF LAND 60 FT WIDE BOUNDED ON N BY A LN 30 FT NLY FROM, MEASURED AT R/A TO,& PARA TO SLY LN OF LOT 24 & BOUNDED
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Wall/Window Unit(s), Central Air, Window Unit(s)
Amenities
private laundry
shared laundry facilities
Building Details
Year built
1959
Floors in Building
2
Flooring type
Vinyl, Tile - Ceramic
Building materials
Block, Frame, Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Realty SW
(954) 237-0400
Listed By:
Rafael Carrero · License #3162134
(954) 865-6690
Added: Oct 14
Last Checked: Oct 15 at 12:06PM
MLS# A12105846
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 3,223-square-foot triplex, built in 1959, comprises a front residence and a separate two-story rear building. The front unit has two bedrooms, one bathroom, a living area, kitchen, and private laundry. Each of the two rear units has one bedroom and one bathroom, with shared laundry serving that building. The property has been repainted, and improvements include updated electrical panels, PVC plumbing, and upgraded appliances. The front residence roof dates to 2011; the two-story building roof dates to 2020, and an additional rear structure roof dates to 2023.
Mature tropical landscaping and outdoor areas extend into a spacious backyard. The property is on Riverside Drive in Fort Lauderdale, with public sewer service and cable available.
Mature tropical landscaping and outdoor areas extend into a spacious backyard. The property is on Riverside Drive in Fort Lauderdale, with public sewer service and cable available.
Key Highlights
- Three residential units: one 2‑bedroom, 1‑bathroom home and two 1‑bedroom, 1‑bathroom units
- 3,223 square feet; built in 1959
- Front residence has private laundry; the two rear units share laundry facilities
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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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
Explore this area
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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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 residences occupy a front home and a separate two-level building, with private laundry in one and shared facilities in the other.
Where is this triplex located?
The property is located at 1913 Riverside Dr 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, 1‑bathroom home and two 1‑bedroom, 1‑bathroom units; 3,223 square feet; built in 1959; Front residence has private laundry; the two rear units share laundry facilities
