4-Unit Quadplex with
For Sale
$2,350,000
2151 NW 20th St, Fort Lauderdale, FL 33311
Four townhomes under construction are being offered together, with separate electric and water meters for each residence.
Property Size6,800 SF
Days on Market9
Property Features for 2151 NW 20th St
General Information
Standard status
Active
Size
6,800 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 3BR/2.5BA
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,000
Building Details
Building Size
6,800 SF
Year Built
2027
Listing Agency:
Phantom Real Estate
Listed By:
Andrea Olarte · License #3462204
Source:
Relinkre
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 7 at 3:33PM
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 Phantom Real Estate
Investment Insights
Based on property information with market context.
Four townhomes under construction are offered as one residential property. Each residence is planned with 3 bedrooms, 2.5 bathrooms, approximately 1,750 square feet of living area and approximately 2,150 square feet of total area. A two-car garage is planned for each home, and the residences are expected to be built in 2027.
Each townhome has its own electric and water meter. The property has separate folios, and individual sales may be possible. Showings and closing arrangements are subject to the progress of construction.
Each townhome has its own electric and water meter. The property has separate folios, and individual sales may be possible. Showings and closing arrangements are subject to the progress of construction.
Key Highlights
- Four townhomes offered together
- Each residence is planned with 3 bedrooms and 2.5 bathrooms
- Approximately 1,750 square feet of living area and 2,150 square feet of total area per home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,355
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,267,100
$2.3M
Cap Rate 7%
$1,619,357
$1.6M
Cap Rate 9%
$1,259,500
$1.3M
Market Conditions
NOI Build-Up for 6,800 SF
Gross rent
$171.4K $25.20/SF
− Vacancy
−$9.4K −$1.39/SF
EGI
$161.9K $23.81/SF
− OpEx
−$48.6K −$7.14/SF
NOI
$113.4K $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%
$2,267,100
Cap Rate 7%
$1,619,357
Cap Rate 9%
$1,259,500
Alternative Uses
Best Use
Multifamily LT 5
$1.62M
$1.42M – $1.89M
NOI $113,355 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$1.46M
$1.28M – $1.70M
NOI $102,111 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$4.57M
$4.00M – $5.33M
NOI $319,872 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
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?
Quadplex - Four townhomes under construction are being offered together, with separate electric and water meters for each residence.
Where is this quadplex located?
The property is located at 2151 NW 20th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Four townhomes offered together; Each residence is planned with 3 bedrooms and 2.5 bathrooms; Approximately 1,750 square feet of living area and 2,150 square feet of total area per home
