3-Unit Triplex with
For Sale
$449,000
2300 NW 20 Street, Fort Lauderdale, FL 33311
Three residences have separate air-conditioning systems and share an on-site laundry room.
Property Size1,500 SF
Price / SF$299.33
Days on Market158
Property Features for 2300 NW 20 Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Triplex
Site & Location
Neighborhood
Rina
Units
Unit Mix
1 x 3BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,131
Amenities
laundry room
yard
Building Details
Building Size
1,500 SF
Year Built
1963
Buildings
1
Listing Agency:
Brondo & Associates Realty, LLC
Listed By:
Alicia Cristina Brondo · License #3051427
(954) 850-4101
Source:
Dangelorealty
Added: May 24
Changed: Oct 26
Last Checked: Oct 26 at 1:10PM
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 Brondo & Associates Realty, LLC
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Investment Insights
Based on property information with market context.
At 2300 NW 20 Street in Fort Lauderdale, this 1,500-square-foot triplex dates to 1963 and contains three remodeled residences. The layout includes one 3-bedroom, 1-bath unit and two 1-bedroom, 1-bath units. Each residence has its own air-conditioning system: central air in the larger unit, a split system in one smaller unit, and window air conditioning in the other.
A shared laundry room serves the units. The property also has a yard with fruit trees and front parking.
A shared laundry room serves the units. The property also has a yard with fruit trees and front parking.
Key Highlights
- Three remodeled units: one 3‑bedroom/1‑bath and two 1‑bedroom/1‑bath residences
- 1,500 square feet; built in 1963
- Central A/C in the 3/1, split A/C in one 1/1, and window A/C in the other
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
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences have separate air-conditioning systems and share an on-site laundry room.
Where is this triplex located?
The property is located at 2300 NW 20 Street 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‑bath and two 1‑bedroom/1‑bath residences; 1,500 square feet; built in 1963; Central A/C in the 3/1, split A/C in one 1/1, and window A/C in the other
