Four-Unit Multifamily
2500 NW 3RD Avenue # 4 Unit 1-4, Wilton Manors, FL 33311
For Sale
$1,075,000
A single-story configuration includes four rental units for flexible occupancy.
Property Size3,184 SF
Price / SF$337.63
Days on Market107
Property Features for 2500 NW 3RD Avenue # 4 Unit 1-4
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Alrei Real Estate Services LLC
Listed By:
Reinaldo Cunha · License #3227983
(954) 918-3594
Source:
Jofregroup
Added: Jul 24
Changed: Nov 6
Last Checked: Nov 6 at 1:31PM
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 Alrei Real Estate Services LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,184-square-foot multifamily property was built in 1960 and contains four units in a single-story layout. The four-unit configuration provides rental accommodation across the property, with the option to occupy one unit while leasing the remaining three.
The property is located in Wilton Manors, minutes from Wilton Drive, Downtown Fort Lauderdale, shopping, dining, beaches, and major highways.
The property is located in Wilton Manors, minutes from Wilton Drive, Downtown Fort Lauderdale, shopping, dining, beaches, and major highways.
Key Highlights
- Four units in a single‑story building
- 3,184 square feet
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,077
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,061,540
$1.1M
Cap Rate 7%
$758,243
$758.2K
Cap Rate 9%
$589,744
$589.7K
Market Conditions
NOI Build-Up for 3,184 SF
Gross rent
$80.2K $25.20/SF
− Vacancy
−$4.4K −$1.39/SF
EGI
$75.8K $23.81/SF
− OpEx
−$22.7K −$7.14/SF
NOI
$53.1K $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%
$1,061,540
Cap Rate 7%
$758,243
Cap Rate 9%
$589,744
Alternative Uses
Best Use
Multifamily LT 5
$758.2K
$663.5K – $884.6K
NOI $53,077 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$699.5K
$612.1K – $816.1K
NOI $48,968 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.62M
$1.41M – $1.88M
NOI $113,076 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
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
$276,600
Median Home Value
Market
Average Price Trend$/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 - A single-story configuration includes four rental units for flexible occupancy.
Where is this quadplex located?
The property is located at 2500 NW 3RD Avenue # 4 Unit 1-4 Wilton Manors, FL.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Four units in a single‑story building; 3,184 square feet; Built in 1960
