7-Unit Multifamily
3750 SW 1ST Street, Fort Lauderdale, FL 33312
For Sale
New
$869,000
Commercial Sale, Fort Lauderdale, FL
Property Size2,836 SF
Lot Size0.21 Acres
Price / SF$306.42
Days on Market5
Property Features for 3750 SW 1ST Street
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Fencing
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Alexander Samuel Glaser · License FL #3338500
(305) 890-3933
Added: Nov 6
Changed: Nov 9
Last Checked: Nov 10 at 5:06AM
MLS# B26097484
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.
The 7-unit multifamily building contains 2,836 square feet on a 0.21-acre lot. Built in 1958, it has block and brick construction, tile flooring, window or wall/window cooling, and a composition shingle roof. Kitchens and bathrooms need updating, and the roof needs replacement. The units are occupied by long-term tenants on month-to-month arrangements.
The property is in Melrose Park in Fort Lauderdale. Public water and sewer are available, along with electricity. Parking includes assigned spaces and guest parking. Zoning is RM-33.5.
The property is in Melrose Park in Fort Lauderdale. Public water and sewer are available, along with electricity. Parking includes assigned spaces and guest parking. Zoning is RM-33.5.
Key Highlights
- Seven‑unit multifamily property with 2,836 square feet on 0.21 acres
- All units rented to long‑term tenants on month‑to‑month terms
- Kitchen and bathroom improvements needed; roof replacement also needed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,586
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,720
$851.7K
Cap Rate 7%
$608,371
$608.4K
Cap Rate 9%
$473,178
$473.2K
Market Conditions
NOI Build-Up for 2,836 SF
Gross rent
$81.7K $28.80/SF
− Vacancy
−$4.2K −$1.50/SF
EGI
$77.4K $27.30/SF
− OpEx
−$34.8K −$12.29/SF
NOI
$42.6K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,720
Cap Rate 7%
$608,371
Cap Rate 9%
$473,178
Alternative Uses
Best Use
Apartment 5plus
$608.4K
$532.3K – $709.8K
NOI $42,586 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.22M
NOI $133,405 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,500
Businesses Nearby
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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
$397,800
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Fort Lauderdale, FL
Properties on Market for Apartment buildings in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Month-to-month occupancy and RM-33.5 zoning characterize this Fort Lauderdale property.
Where is this apartment building located?
The property is located at 3750 SW 1ST Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Seven‑unit multifamily property with 2,836 square feet on 0.21 acres; All units rented to long‑term tenants on month‑to‑month terms; Kitchen and bathroom improvements needed; roof replacement also needed
