Waterfront
202 SE 10th Street, Fort Lauderdale, FL 33316
For Sale
$949,000
Two residences offer two bedrooms and one bath each, alongside a separate studio apartment.
Property Size2,221 SF
Lot Size0.18 Acres
Price / SF$431.36
Days on Market10
Property Features for 202 SE 10th Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
storage shed
laundry room
brick paver patio
tiki hut
covered front porch
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
RE/MAX Consultants Realty 1
Listed By:
James R Welch · License #302946
(954) 830-1816
Source:
Relinkre
Added: Oct 29
Changed: Nov 3
Last Checked: Nov 6 at 5:10PM
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 RE/MAX Consultants Realty 1
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Investment Insights
Based on property information with market context.
Built in 1958, this single-story triplex contains approximately 2,200 square feet of air-conditioned living space on a 7,813-square-foot lot. The front building holds two two-bedroom, one-bathroom residences, with a separate studio apartment at the rear. Additional features include a storage shed, laundry room, brick-paver patio, tiki hut, and a covered porch measuring 9 by 36 feet.
The property has direct water frontage and is within walking distance of the Broward County Courthouse, Broward General Hospital, and the new Federal Courthouse Building. Its RAC-RPO zoning district encourages large-scale residential and commercial development.
The property has direct water frontage and is within walking distance of the Broward County Courthouse, Broward General Hospital, and the new Federal Courthouse Building. Its RAC-RPO zoning district encourages large-scale residential and commercial development.
Key Highlights
- Approximately 2,200 square feet of air‑conditioned living space
- 7,813 sq ft lot with direct water frontage
- Two 2‑bedroom/1‑bath units plus a separate studio apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,674
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,480
$733.5K
Cap Rate 7%
$523,914
$523.9K
Cap Rate 9%
$407,489
$407.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$55.4K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$52.4K $23.81/SF
− OpEx
−$15.7K −$7.14/SF
NOI
$36.7K $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%
$733,480
Cap Rate 7%
$523,914
Cap Rate 9%
$407,489
Alternative Uses
Best Use
Multifamily LT 5
$523.9K
$458.4K – $611.2K
NOI $36,674 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$471.9K
$413.0K – $550.6K
NOI $33,036 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,488 @ 7.0% cap · market cap 10.90%
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
4,284
Businesses Nearby
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Business Placement
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Fort Lauderdale, FL
Properties on Market for Triplexes in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two residences offer two bedrooms and one bath each, alongside a separate studio apartment.
Where is this triplex located?
The property is located at 202 SE 10th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Approximately 2,200 square feet of air‑conditioned living space; 7,813 sq ft lot with direct water frontage; Two 2‑bedroom/1‑bath units plus a separate studio apartment
