Triplex with Separate Utility
New
For Sale
$789,900
353 SW 19TH Avenue #1-3, Fort Lauderdale, FL 33312
Each residence has a laundry room and separate water and electric meters, with occupants responsible for their own utilities.
Property Size2,525 SF
Price / SF$322.41
Days on Market6
Property Features for 353 SW 19TH Avenue #1-3
General Information
Standard status
Active
Size
2,525 SF
Total Parking Spaces
5
Property subtype
Residential Income
Zoning
RM-15
Occupancy
100%
Site & Location
Neighborhood
Rpra
Units
Unit Mix
2BR/2BA, 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,658
Amenities
laundry room
Building Details
Building Size
2,525 SF
Year Built
1967
Buildings
1
Stories
1
Listing Agency:
Charles Rutenberg Realty FTL
Listed By:
Mary L Cardin
(954) 821-0009
Source:
Laerrealty
Added: Oct 19
Last Checked: Oct 23 at 4:10AM
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 Charles Rutenberg Realty FTL
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.
This 2,450-square-foot triplex, built in 1967, contains three occupied residences. The two corner units each have two bedrooms and two bathrooms; the center unit has two bedrooms and one bathroom. Every unit includes a laundry room and separate water and electric meters, and residents pay their own water and electricity. The property is zoned RM-15 and is located in Fort Lauderdale’s Riverside Park neighborhood.
Key Highlights
- 2,450‑square‑foot triplex with three occupied units
- Two corner residences feature 2 bedrooms and 2 bathrooms each
- Center residence offers 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,841
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,820
$816.8K
Cap Rate 7%
$583,443
$583.4K
Cap Rate 9%
$453,789
$453.8K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$61.7K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$58.3K $23.81/SF
− OpEx
−$17.5K −$7.14/SF
NOI
$40.8K $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 Rate 5%
$816,820
Cap Rate 7%
$583,443
Cap Rate 9%
$453,789
Alternative Uses
Best Use
Multifamily LT 5
$583.4K
$510.5K – $680.7K
NOI $40,841 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$525.6K
$459.9K – $613.2K
NOI $36,790 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,248 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,124
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 - Each residence has a laundry room and separate water and electric meters, with occupants responsible for their own utilities.
Where is this triplex located?
The property is located at 353 SW 19TH Avenue #1-3 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: 2,450‑square‑foot triplex with three occupied units; Two corner residences feature 2 bedrooms and 2 bathrooms each; Center residence offers 2 bedrooms and 1 bathroom
