Triplex with Renovated Upper
For Sale
$800,000
317 SW 9TH Avenue # 3 Unit 1-3, Fort Lauderdale, FL 33312
Two-story residential income property with separate utility meters and first-floor units requiring renovation.
Property Size1,820 SF
Days on Market53
Property Features for 317 SW 9TH Avenue # 3 Unit 1-3
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Triplex
Property Condition
Severity
Repairs Needed
Evidence
sustained water damage from flooding and require renovation and repairs
Site & Location
Neighborhood
Trca
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$18,596
Building Details
Building Size
1,820 SF
Year Built
1952
Stories
2
Listing Agency:
Smart Property Moves LLC
Listed By:
Cindy L Carrion Sarro · License #702727
(954) 309-7373
Source:
Relinkre
Added: Sep 2
Changed: Oct 17
Last Checked: Oct 23 at 1:10PM
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 Smart Property Moves LLC
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Investment Insights
Based on property information with market context.
This two-story triplex contains three separately accessed residences. The upper-level unit includes one bedroom, one bathroom, a full kitchen, living space, and laundry facilities; it has been renovated and is occupied. Two ground-floor units each have private entrances but experienced flood-related water damage and require repairs and renovation. The property has 3 separate meters and 2 mini split A/C units, while the roof age is not established and no permits are of record.
Located at 317 SW 9th Avenue in Fort Lauderdale’s Sailboat Bend Historic District, the property is within the Waverly Place area. A stormwater improvement initiative is underway in the district, and a flooding insurance claim has been issued. The property is in foreclosure, has a current City of Fort Lauderdale lien, and is being offered as a short sale.
Located at 317 SW 9th Avenue in Fort Lauderdale’s Sailboat Bend Historic District, the property is within the Waverly Place area. A stormwater improvement initiative is underway in the district, and a flooding insurance claim has been issued. The property is in foreclosure, has a current City of Fort Lauderdale lien, and is being offered as a short sale.
Key Highlights
- Three‑unit residential property built in 1952
- Renovated second‑floor 1 bedroom/1 bathroom unit with full kitchen, living area, and laundry
- Two first‑floor units have private entrances and require renovation after flood‑related water damage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,339
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,780
$606.8K
Cap Rate 7%
$433,414
$433.4K
Cap Rate 9%
$337,100
$337.1K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$45.9K $25.20/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$43.3K $23.81/SF
− OpEx
−$13.0K −$7.14/SF
NOI
$30.3K $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%
$606,780
Cap Rate 7%
$433,414
Cap Rate 9%
$337,100
Alternative Uses
Best Use
Multifamily LT 5
$433.4K
$379.2K – $505.7K
NOI $30,339 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$390.4K
$341.6K – $455.5K
NOI $27,330 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,613 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,386
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two-story residential income property with separate utility meters and first-floor units requiring renovation.
Where is this triplex located?
The property is located at 317 SW 9TH Avenue # 3 Unit 1-3 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Three‑unit residential property built in 1952; Renovated second‑floor 1 bedroom/1 bathroom unit with full kitchen, living area, and laundry; Two first‑floor units have private entrances and require renovation after flood‑related water damage
