Renovated Four-Unit Multifamily
New
For Sale
$1,150,000
327 SW 20th Street, Fort Lauderdale, FL 33315
Renovated quadplex with varied unit layouts, furnished rental setups, and on-site laundry accommodations.
Property Size4,546 SF
Price / SF$252.97
Days on Market2
Property Features for 327 SW 20th Street
General Information
Standard status
Active
Size
4,546 SF
Total Parking Spaces
8
Property subtype
Residential Income
Zoning
RM-15
Units
Unit Mix
2 x 3BR/1BA, 2 x 2BR/1BA
Multifamily Units
4
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$17,701
Amenities
private washer/dryer rooms
shared washer/dryer
Building Details
Building Size
4,546 SF
Year Built
1960
Stories
2
Tenancy
Multi
Listing Agency:
Realty Hub
Listed By:
Nissan Shukrie · License #3266235
(305) 778-1190
Source:
Laerrealty
Added: Sep 21
Last Checked: Sep 21 at 3:35AM
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 Realty Hub
Investment Insights
Based on property information with market context.
This renovated quadplex contains four residential units: two with three bedrooms and one bathroom each, plus two with two bedrooms and one bathroom each. Three of the four units are currently rented. Two units are furnished and arranged for Airbnb-style rental use, while laundry is handled through private rooms serving the larger units and a shared dedicated area for the smaller units. Open parking is available for each unit.
Built in 1960, the property is located at 327 SW 20th Street in Fort Lauderdale. The surrounding area provides access to Downtown Fort Lauderdale, Las Olas, Fort Lauderdale-Hollywood International Airport, beaches, dining, shopping, and major roadways. The existing mix of furnished and conventional rental arrangements supports multiple rental formats within the same four-unit property.
Built in 1960, the property is located at 327 SW 20th Street in Fort Lauderdale. The surrounding area provides access to Downtown Fort Lauderdale, Las Olas, Fort Lauderdale-Hollywood International Airport, beaches, dining, shopping, and major roadways. The existing mix of furnished and conventional rental arrangements supports multiple rental formats within the same four-unit property.
Key Highlights
- Four‑unit property with two 3‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units
- 3 of 4 units currently rented
- Two furnished units arranged for Airbnb‑style rental use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,781
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,515,620
$1.5M
Cap Rate 7%
$1,082,586
$1.1M
Cap Rate 9%
$842,011
$842.0K
Market Conditions
NOI Build-Up for 4,546 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$114.6K $25.20/SF
− Vacancy
−$6.3K −$1.39/SF
EGI
$108.3K $23.81/SF
− OpEx
−$32.5K −$7.14/SF
NOI
$75.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,515,620
Cap Rate 7%
$1,082,586
Cap Rate 9%
$842,011
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$947.3K – $1.26M
NOI $75,781 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$975.2K
$853.3K – $1.14M
NOI $68,264 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,844 @ 7.0% cap · market cap 18.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,523
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Renovated quadplex with varied unit layouts, furnished rental setups, and on-site laundry accommodations.
Where is this quadplex located?
The property is located at 327 SW 20th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four‑unit property with two 3‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units; 3 of 4 units currently rented; Two furnished units arranged for Airbnb‑style rental use
