Triplex with Impact
For Sale
$685,000
304 SW 16th Court 1-3, Fort Lauderdale, FL 33315
All three residences are occupied and have central A/C, with individual electric meters serving each unit.
Property Size1,584 SF
Days on Market9
Property Features for 304 SW 16th Court 1-3
General Information
Standard status
Active
Size
1,584 SF
Total Parking Spaces
6
Property subtype
Triplex
Occupancy
100%
Site & Location
Neighborhood
Cpca
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,313
Amenities
common laundry room
Building Details
Building Size
1,584 SF
Year Built
1982
Tenancy
Multi
Listing Agency:
Compass Florida, LLC
Listed By:
Johnny Ramirez · License #3423639
(954) 830-5561
Source:
Tylertuchow
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 23 at 12:35PM
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
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Investment Insights
Based on property information with market context.
Built in 1982, this triplex contains three tenant-occupied units, each with central A/C and impact windows. The property also has a shared laundry room and separate electric meters for the residences. A roof replacement is identified for 2026.
Six parking spaces are provided: four behind the building and two along the front swale. Two units have month-to-month leases. Downtown Fort Lauderdale, Las Olas Boulevard, shopping, dining, and major roadways are described as minutes away.
Six parking spaces are provided: four behind the building and two along the front swale. Two units have month-to-month leases. Downtown Fort Lauderdale, Las Olas Boulevard, shopping, dining, and major roadways are described as minutes away.
Key Highlights
- Three tenant‑occupied units, each equipped with central A/C
- Impact windows throughout and roof noted as newer in 2026
- Shared laundry room and separate electric meters for each unit
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
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences are occupied and have central A/C, with individual electric meters serving each unit.
Where is this triplex located?
The property is located at 304 SW 16th Court 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 tenant‑occupied units, each equipped with central A/C; Impact windows throughout and roof noted as newer in 2026; Shared laundry room and separate electric meters for each unit
