Triplex Income
1960 NE 56th St Fort Lauderdale, FL 33308
1960 NE 56th St, Fort Lauderdale, FL, 33308
$950,000
For Sale
$950,000
For sale triplex with approximately 2,900 square feet at 1960 NE 56th St in Fort Lauderdale.
Property Size2,900 SF
Price / SF$327.59
Days on Market22
Property Features for 1960 NE 56th St
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1964
Listing agency
LoKation
(305) 432-4923
Listed by
Jesus Pazmino · License #3085829
(305) 432-4923
Source
Riserealty
Added: Jul 1 Updated: Jul 21 at 9:37AM Checked: Jul 21 at 9:37AM
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 LoKation
Investment Insights
Based on property information with market context.
This for-sale triplex is a residential income property configured as three separate units within a single building, totaling approximately 2,900 square feet. It’s positioned for investors or owner-operators seeking an income-producing multifamily setup.
The property is located at 1960 NE 56th St in Fort Lauderdale, Florida 33308.
Additional details such as unit mix, interior condition, and current tenancy were not provided, so interested parties should request further information for a complete underwriting review.
The property is located at 1960 NE 56th St in Fort Lauderdale, Florida 33308.
Additional details such as unit mix, interior condition, and current tenancy were not provided, so interested parties should request further information for a complete underwriting review.
Key Highlights
- Triplex for sale at 1960 NE 56th St, Fort Lauderdale
- Approximately 2,900 SF total building area
- Built in 1964
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.1k | $25.20 |
| − Vacancy | −$4.0k | −$1.39 |
| EGI | $69.1k | $23.81 |
| − OpEx | −$20.7k | −$7.14 |
| NOI | $48.3k | $16.67 |
2,900 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$690.6K
$604.3K – $805.7K
NOI $48,342 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$622.1K
$544.3K – $725.8K
NOI $43,547 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$1.95M
$1.71M – $2.27M
NOI $136,416 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - For sale triplex with approximately 2,900 square feet at 1960 NE 56th St in Fort Lauderdale.
Where is this triplex located?
The property is located at 1960 NE 56th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Triplex for sale at 1960 NE 56th St, Fort Lauderdale; Approximately 2,900 SF total building area; Built in 1964
