Three-Unit Residential
New
For Sale
$449,000
2300 NW 20 St, Fort Lauderdale, FL 33311
Three separate residences share a laundry room, a large yard with fruit trees, and front parking.
Property Size1,500 SF
Days on Market4
Property Features for 2300 NW 20 St
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Investment
Units
Unit Mix
1 x 3BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,131
Amenities
laundry room
yard with fruit trees
Building Details
Building Size
1,500 SF
Year Built
1963
Buildings
1
Stories
1
Listed By:
Alicia Brondo · License #3051427
(954) 850-4101
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 8:17AM
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 Alicia Brondo
Investment Insights
Based on property information with market context.
This residential triplex contains three remodeled units: a 3-bedroom, 1-bathroom residence and two 1-bedroom, 1-bathroom residences. Air conditioning is provided by central, split, and window systems across the units. A shared laundry room is available for tenant use, and the property was built in 1963.
The grounds include a large yard with fruit trees, with parking at the front of the property. The three-unit configuration combines varied residential layouts with shared laundry and outdoor space.
The grounds include a large yard with fruit trees, with parking at the front of the property. The three-unit configuration combines varied residential layouts with shared laundry and outdoor space.
Key Highlights
- Three remodeled units: one 3‑bedroom/1‑bathroom unit and two 1‑bedroom/1‑bathroom units
- Central, split, and window air conditioning across the residences
- Shared laundry room for tenant use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,005
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,100
$500.1K
Cap Rate 7%
$357,214
$357.2K
Cap Rate 9%
$277,833
$277.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$37.8K $25.20/SF
− Vacancy
−$2.1K −$1.39/SF
EGI
$35.7K $23.81/SF
− OpEx
−$10.7K −$7.14/SF
NOI
$25.0K $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%
$500,100
Cap Rate 7%
$357,214
Cap Rate 9%
$277,833
Alternative Uses
Best Use
Multifamily LT 5
$357.2K
$312.6K – $416.8K
NOI $25,005 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$321.8K
$281.6K – $375.4K
NOI $22,524 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.01M
$882.0K – $1.18M
NOI $70,560 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
776
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences share a laundry room, a large yard with fruit trees, and front parking.
Where is this triplex located?
The property is located at 2300 NW 20 St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Three remodeled units: one 3‑bedroom/1‑bathroom unit and two 1‑bedroom/1‑bathroom units; Central, split, and window air conditioning across the residences; Shared laundry room for tenant use
