Four-Unit Property with
New
For Sale
$997,000
2607 NE 30TH St, Fort Lauderdale, FL 33306
Residential income property with varied unit layouts, a separate laundry room, and a fenced rear yard.
Property Size2,588 SF
Days on Market6
Property Features for 2607 NE 30TH St
General Information
Standard status
Active
Size
2,588 SF
Property subtype
Investment
Units
Unit Mix
2 x 1BR/1BA, 2 x micro apartment
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$17,557
Amenities
carports
laundry room
fenced yard
auto sprinkler
Building Details
Building Size
2,588 SF
Year Built
1957
Stories
1
Units
4
Listing Agency:
Metro Premier Properties
(954) 229-1900
Listed By:
Deborah L Goedde · License #502471
(954) 229-1900
Source:
Elliman
Added: Aug 13
Changed: Aug 16
Last Checked: Aug 18 at 10:02AM
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 Metro Premier Properties
Investment Insights
Based on property information with market context.
This Coral Ridge residential income property is configured as a quadplex within a duplex-style building. The layout includes two spacious one-bedroom, one-bath end units with carports and full-height windows, along with two micro apartments featuring walk-in closets, full baths, and generous natural light. A separate laundry room with storage adds practical utility, while the fenced rear yard includes an automatic sprinkler system with phone interface.
The property is located at 2607 NE 30TH St in Fort Lauderdale, east of US1 on a quiet residential street. The surrounding area provides access to beaches, banks, dining, and shopping. Built in 1957, the property has a flat tile roof installed in 2024 with a warranty through 2029. Walk Score and Bike Score are both 62, while Transit Score is 38.
The property is located at 2607 NE 30TH St in Fort Lauderdale, east of US1 on a quiet residential street. The surrounding area provides access to beaches, banks, dining, and shopping. Built in 1957, the property has a flat tile roof installed in 2024 with a warranty through 2029. Walk Score and Bike Score are both 62, while Transit Score is 38.
Key Highlights
- Quadplex configuration within a duplex‑style building
- Two 1Bed/1Bath end units with carports and full‑height windows
- Two micro apartments with walk‑in closets and full baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,141
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$862,820
$862.8K
Cap Rate 7%
$616,300
$616.3K
Cap Rate 9%
$479,344
$479.3K
Market Conditions
NOI Build-Up for 2,588 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$65.2K $25.20/SF
− Vacancy
−$3.6K −$1.39/SF
EGI
$61.6K $23.81/SF
− OpEx
−$18.5K −$7.14/SF
NOI
$43.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$862,820
Cap Rate 7%
$616,300
Cap Rate 9%
$479,344
Alternative Uses
Best Use
Multifamily LT 5
$616.3K
$539.3K – $719.0K
NOI $43,141 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$555.2K
$485.8K – $647.7K
NOI $38,862 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,740 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,650
Businesses Nearby
Explore this area
Business Placement
Demographics for 33306, FL
3,526
Population
2,109
Households
1.7
Avg Household Size
53
Median Age
44%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
3,918
Density / Sq Mi
$82,375
Median Household Income
$77,118
Median Earnings
$1,369
Median Rent
$469,800
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?
Quadplex - Residential income property with varied unit layouts, a separate laundry room, and a fenced rear yard.
Where is this quadplex located?
The property is located at 2607 NE 30TH St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $997,000.
What are key features of this property?
This property features: Quadplex configuration within a duplex‑style building; Two 1Bed/1Bath end units with carports and full‑height windows; Two micro apartments with walk‑in closets and full baths
