Triplex with Impact
New
For Sale
$685,000
304 SW 16th Court, Fort Lauderdale, FL 33315
Residential Income, Fort Lauderdale, FL
Property Size1,584 SF
Lot Size0.14 Acres
Price / SF$432.45
Days on Market4
Property Features for 304 SW 16th Court
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM-15
Bedrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 3
Pets allowed
Yes, No
Subdivision
LAUDERDALE
Directions
GPS
Standard status
Active
APN
504215014120
Size
1,584 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAUDERDALE 2-9 D LOT 2 BLK 70
Tax Annual Amount
10314
Legal Description
LAUDERDALE 2-9 D LOT 2 BLK 70
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
common laundry room
Building Details
Year built
1982
Floors in Building
1
Number of units
3
Flooring type
Tile
Building materials
CBS
Roof type
Shingle
Listing Agency:
Compass Florida, LLC
(954) 477-7332
Listed By:
Johnny Ramirez · License #3423639
(954) 830-5561
Added: Oct 16
Last Checked: Oct 19 at 8:06AM
MLS# B26089373
Copyright © 2026 BeachesMLS. 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 1,584-square-foot triplex was built in 1982 and sits on a 0.14-acre parcel zoned RM-15. The CBS-constructed property has tile flooring, central air conditioning in each residence, impact windows throughout, and a shingle roof described as newer in 2026. A common laundry room serves the three units, and each has a separate electric meter. All units are occupied; two have month-to-month leases.
Six parking spaces are provided: four behind the building and two along the front swale. Public water and sewer serve the property. Downtown Fort Lauderdale and Las Olas Boulevard are a short drive away, along with shopping, dining, and major roadways.
Six parking spaces are provided: four behind the building and two along the front swale. Public water and sewer serve the property. Downtown Fort Lauderdale and Las Olas Boulevard are a short drive away, along with shopping, dining, and major roadways.
Key Highlights
- Three units, all tenant‑occupied; two leases are month‑to‑month
- 1,584 square feet on a 0.14‑acre parcel
- RM‑15 zoning
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.
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,101
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
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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 - All three residences are tenant-occupied, with central air conditioning and separately metered electric service.
Where is this triplex located?
The property is located at 304 SW 16th Court 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 tenant‑occupied; two leases are month‑to‑month; 1,584 square feet on a 0.14‑acre parcel; RM‑15 zoning
