Updated Apartments Near
410 SE 13th St Fort Lauderdale, FL 33316
410 SE 13th St, Fort Lauderdale, FL, 33316
$1,925,000
For Sale
$1,925,000
Six updated apartments near Downtown, Rio Vista, and the Beach.
Property Size3,814 SF
Price / SF$504.72
Days on Market240
Property Features for 410 SE 13th St
General Information
- Standard status
- Active
- Size
- 3,814 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1958
Listing agency
Berger Commercial Realty
(954) 652-2036
Listed by
Jake Michels · License #SL3539076
Source
Corfac
Added: Nov 25, 2025 Updated: Jul 6 at 10:08AM Checked: Jul 23 at 5:53AM
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 Berger Commercial Realty
Investment Insights
Based on property information with market context.
This offering features six fully updated apartments situated on a 10,125 square foot parcel in Southeast Fort Lauderdale. The property is located near Downtown, Rio Vista, the Beach, and the Airport, specifically between the Rio Vista and Croissant Park neighborhoods. The unit mix comprises one two-bedroom bungalow and five one-bedroom courtyard apartments, each with vaulted ceilings. The 3,814 square foot property includes modern kitchens, updated flooring, and central air conditioning in each unit. Each unit has separately metered electric, allowing tenants to pay utilities. A new roof was installed in 2022, and the property has no deferred maintenance. An income-producing coin-operated laundry facility is also on-site. There are 9 parking spaces available. The property is a turnkey, stabilized investment designed to deliver reliable cash flow in a prime location. Downtown Fort Lauderdale is located approximately 1 mile north of the property. Employment opportunities within a 3-mile radius include Broward County Hospital, County and Federal Courthouses, the Downtown Business Corridor, and the Las Olas Shopping District.
Key Highlights
- Prime location near Downtown, Rio Vista, the Beach, and the Airport in Southeast Fort Lauderdale.
- Turnkey, stabilized investment with reliable cash flow and no deferred maintenance.
- New roof (2022).
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.8k | $28.80 |
| − Vacancy | −$5.7k | −$1.50 |
| EGI | $104.1k | $27.30 |
| − OpEx | −$46.9k | −$12.29 |
| NOI | $57.3k | $15.02 |
3,814 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$818.2K
$715.9K – $954.5K
NOI $57,272 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,411 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ignited Healing VS
Alternative Medicine Practice
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FAQs
What type of property is this?
Apartment building - Six updated apartments near Downtown, Rio Vista, and the Beach.
Where is this apartment building located?
The property is located at 410 SE 13th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,925,000.
What are key features of this property?
This property features: Prime location near Downtown, Rio Vista, the Beach, and the Airport in Southeast Fort Lauderdale.; Turnkey, stabilized investment with reliable cash flow and no deferred maintenance.; New roof (2022).
