Triplex with Studio
New
For Sale
$500,000
2664 SW 7th Street, Fort Lauderdale, FL 33312
The configuration pairs two conventional apartments with a separate studio layout.
Property Size1,739 SF
Price / SF$287.52
Days on Market5
Property Features for 2664 SW 7th Street
General Information
Standard status
Active
Size
1,739 SF
Total Parking Spaces
5
Property subtype
Residential Income
Zoning
RMM-25
Property Condition
Severity
Repairs Needed
Evidence
renovate, customize
Site & Location
Neighborhood
Rlca
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x studio
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,943
Building Details
Building Size
1,739 SF
Year Built
1971
Listing Agency:
Keller Williams Eagle Realty
Listed By:
Chelsya Saunders · License #3254075
(786) 351-7769
Source:
Laerrealty
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 23 at 4:17AM
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 Keller Williams Eagle Realty
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Investment Insights
Based on property information with market context.
This 1,739-square-foot triplex, built in 1971, contains two apartments with two bedrooms and one bathroom each, plus a studio unit. The property is zoned RMM-25.
The Fort Lauderdale property is described as a short drive from Las Olas Boulevard, Wilton Manors, area shopping and dining, and Fort Lauderdale beaches. Public transportation, major roadways, and Fort Lauderdale-Hollywood International Airport are also identified as accessible from the property.
The Fort Lauderdale property is described as a short drive from Las Olas Boulevard, Wilton Manors, area shopping and dining, and Fort Lauderdale beaches. Public transportation, major roadways, and Fort Lauderdale-Hollywood International Airport are also identified as accessible from the property.
Key Highlights
- Three‑unit layout with two 2‑bedroom, 1‑bathroom apartments and one studio
- 1,739 square feet
- Built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,989
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,780
$579.8K
Cap Rate 7%
$414,129
$414.1K
Cap Rate 9%
$322,100
$322.1K
Market Conditions
NOI Build-Up for 1,739 SF
Gross rent
$43.8K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$41.4K $23.81/SF
− OpEx
−$12.4K −$7.14/SF
NOI
$29.0K $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%
$579,780
Cap Rate 7%
$414,129
Cap Rate 9%
$322,100
Alternative Uses
Best Use
Multifamily LT 5
$414.1K
$362.4K – $483.2K
NOI $28,989 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$373.0K
$326.4K – $435.2K
NOI $26,113 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,803 @ 7.0% cap · market cap 16.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,088
Businesses Nearby
Explore this area
Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
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?
Triplex - The configuration pairs two conventional apartments with a separate studio layout.
Where is this triplex located?
The property is located at 2664 SW 7th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Three‑unit layout with two 2‑bedroom, 1‑bathroom apartments and one studio; 1,739 square feet; Built in 1971
