4-Unit Quadplex with Vaulted
New
For Sale
$1,285,000
2645 NE 32nd St, Fort Lauderdale, FL 33306
Residential Income, Fort Lauderdale, FL
Property Size3,299 SF
Price / SF$389.51
Days on Market1
Property Features for 2645 NE 32nd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RD-15
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 1
Parking
6
Patio and Porch features
Patio, Porch
Exterior features
Barbecue, Enclosed Porch, Lighting, Patio, Room For Pool, Shed
Subdivision
CORAL RIDGE GALT ADD NO 2
Lot features
Flood Zone, < 1/4 Acre
Directions
EAST of US1 /Federal 1 Block North of Oakland Park Blvd. Please do not walk the property without Listing agent (Eric Benari).
Standard status
Active
APN
494224010440
Size
3,299 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CORAL RIDGE GALT ADD NO 2 32-50 B LOT 7 BLK 4
Tax Annual Amount
20464
Legal Description
CORAL RIDGE GALT ADD NO 2 32-50 B LOT 7 BLK 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Amenities
vaulted ceilings
storage area
screened patios
Building Details
Year built
1968
Floors in Building
1
Flooring type
Tile, Tile - Ceramic
Building materials
Block
Roof type
Tile, Flat
Listing Agency:
Julies Realty, LLC
(305) 751-6400
Listed By:
Aryeh Benari · License #3357335
(954) 292-5610
Added: Oct 17
Last Checked: Oct 17 at 8:06PM
MLS# A12107493
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,299-square-foot quadplex contains two apartments and two studios, with vaulted ceilings and tile flooring. The property has central heating and central air, plus ceiling fans. Exterior features include two screened patios, a circular driveway, interior garage parking, two carports, a shed, and room for a pool. The building was constructed in 1968 with block construction and a tile and flat roof.
In Fort Lauderdale’s Coral Ridge area, the property is a 15–20-minute walk from the beach. Public sewer service and cable availability are noted.
In Fort Lauderdale’s Coral Ridge area, the property is a 15–20-minute walk from the beach. Public sewer service and cable availability are noted.
Key Highlights
- 3,299‑square‑foot building with two apartments and two studios
- Two screened patios, interior garage parking, and two carports
- Vaulted ceilings; tile flooring; central heating and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,994
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,880
$1.1M
Cap Rate 7%
$785,629
$785.6K
Cap Rate 9%
$611,044
$611.0K
Market Conditions
NOI Build-Up for 3,299 SF
Gross rent
$83.1K $25.20/SF
− Vacancy
−$4.6K −$1.39/SF
EGI
$78.6K $23.81/SF
− OpEx
−$23.6K −$7.14/SF
NOI
$55.0K $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%
$1,099,880
Cap Rate 7%
$785,629
Cap Rate 9%
$611,044
Alternative Uses
Best Use
Multifamily LT 5
$785.6K
$687.4K – $916.6K
NOI $54,994 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$707.7K
$619.2K – $825.7K
NOI $49,539 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,185 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,268
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences include two apartments and two studios, with interior garage parking and two carports.
Where is this quadplex located?
The property is located at 2645 NE 32nd St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: 3,299‑square‑foot building with two apartments and two studios; Two screened patios, interior garage parking, and two carports; Vaulted ceilings; tile flooring; central heating and central air
