4-Unit Quadplex with Private
2225 NE 14th Avenue, Wilton Manors, FL 33305
For Sale
$1,180,000
Three residences share a pool, while the fourth has a separate private pool.
Property Size2,775 SF
Price / SF$425.23
Days on Market34
Property Features for 2225 NE 14th Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Multifamily Units
Individually Metered Utilities
Amenities
community pool
private pool
screened front porch
Building Details
Year Built
Buildings
Listing Agency:
Balistreri Real Estate Inc
(954) 489-3100
Listed By:
Adrienne M Foland · License #3063306
(954) 205-6594
Source:
Wycliffecommunityrealty
Added: Oct 5
Changed: Nov 7
Last Checked: Nov 7 at 6:35PM
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 Balistreri Real Estate Inc
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Investment Insights
Based on property information with market context.
This 2,775-square-foot quadplex contains four residences, each with a screened front porch. Three units use a shared pool, and the fourth has its own private pool. The property also offers seven parking spaces and separate electric meters for the units. A fifth electric meter serves the heated pool. Roof replacement was completed in 2020, followed by installation of impact windows and doors in 2021. Pool improvements date to 2014, and luxury vinyl flooring has been installed in unit 1 and the bedroom of unit 4.
The property is in East Wilton Manors, near Colohatchee dog park and Stork's cafe. The units are transitioning to annual leases.
The property is in East Wilton Manors, near Colohatchee dog park and Stork's cafe. The units are transitioning to annual leases.
Key Highlights
- Four‑unit property with a shared pool for three residences and a private pool for unit 4
- 2,775 square feet; built in 1964
- Seven parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,259
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,180
$925.2K
Cap Rate 7%
$660,843
$660.8K
Cap Rate 9%
$513,989
$514.0K
Market Conditions
NOI Build-Up for 2,775 SF
Gross rent
$69.9K $25.20/SF
− Vacancy
−$3.8K −$1.39/SF
EGI
$66.1K $23.81/SF
− OpEx
−$19.8K −$7.14/SF
NOI
$46.3K $16.67/SF
Area
Broward County, 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%
$925,180
Cap Rate 7%
$660,843
Cap Rate 9%
$513,989
Alternative Uses
Best Use
Multifamily LT 5
$660.8K
$578.2K – $771.0K
NOI $46,259 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$609.7K
$533.5K – $711.3K
NOI $42,678 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,551 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,037
Businesses Nearby
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Business Placement
Demographics for 33305, FL
12,044
Population
8,285
Households
1.5
Avg Household Size
52
Median Age
54%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
5,475
Density / Sq Mi
$89,944
Median Household Income
$60,924
Median Earnings
$1,850
Median Rent
$558,200
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Broward County, FL
Properties on Market for Quadplexes in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Three residences share a pool, while the fourth has a separate private pool.
Where is this quadplex located?
The property is located at 2225 NE 14th Avenue Wilton Manors, FL.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Four‑unit property with a shared pool for three residences and a private pool for unit 4; 2,775 square feet; built in 1964; Seven parking spaces
