3-Unit Triplex with Central
For Sale
$685,000
304 SW 16th Court # 3 Unit 1-3, Fort Lauderdale, FL 33315
Each residence has central air conditioning, and the property includes shared laundry and separate electric meters.
Property Size1,584 SF
Price / SF$432.45
Days on Market13
Property Features for 304 SW 16th Court # 3 Unit 1-3
General Information
Standard status
Active
Size
1,584 SF
Total Parking Spaces
6
Property subtype
Triplex
Occupancy
100%
Site & Location
Neighborhood
Cpca
Units
Multifamily Units
3
Individually Metered Utilities
electricity
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$10,313
Amenities
common laundry room
Building Details
Building Size
1,584 SF
Year Built
1982
Buildings
1
Tenancy
Multi
Listing Agency:
Compass Florida, LLC
Listed By:
Johnny Ramirez · License #3423639
(954) 830-5561
Source:
Debuirerealty
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 27 at 3:41AM
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 Compass Florida, 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.
Built in 1982, this 1,584-square-foot Fort Lauderdale triplex has three tenant-occupied units. Central A/C serves each residence, and impact windows are installed throughout. A shared laundry room and separate electric meters for each unit are also on site.
Six parking spaces are provided: four behind the building and two along the front swale. Downtown Fort Lauderdale, Las Olas Boulevard, shopping, dining, and major roadways are described as minutes away. Two units have month-to-month leases.
Six parking spaces are provided: four behind the building and two along the front swale. Downtown Fort Lauderdale, Las Olas Boulevard, shopping, dining, and major roadways are described as minutes away. Two units have month-to-month leases.
Key Highlights
- Three units, all currently tenant‑occupied
- 1,584 square feet; built in 1982
- Central A/C in all three units and impact windows throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,405
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,100
$528.1K
Cap Rate 7%
$377,214
$377.2K
Cap Rate 9%
$293,389
$293.4K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$39.9K $25.20/SF
− Vacancy
−$2.2K −$1.39/SF
EGI
$37.7K $23.81/SF
− OpEx
−$11.3K −$7.14/SF
NOI
$26.4K $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%
$528,100
Cap Rate 7%
$377,214
Cap Rate 9%
$293,389
Alternative Uses
Best Use
Multifamily LT 5
$377.2K
$330.1K – $440.1K
NOI $26,405 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$339.8K
$297.3K – $396.4K
NOI $23,786 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.06M
$931.4K – $1.24M
NOI $74,511 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,181
Businesses Nearby
Explore this area
Business Placement
Demographics for 33315, FL
13,555
Population
6,991
Households
1.9
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
2,558
Density / Sq Mi
$90,760
Median Household Income
$43,815
Median Earnings
$1,789
Median Rent
$492,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has central air conditioning, and the property includes shared laundry and separate electric meters.
Where is this triplex located?
The property is located at 304 SW 16th Court # 3 Unit 1-3 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Three units, all currently tenant‑occupied; 1,584 square feet; built in 1982; Central A/C in all three units and impact windows throughout
