Multifamily Property with Detached
For Sale
$330,000
413 NW 14th Terrace, Fort Lauderdale, FL 33311
Three-bedroom main residence with additional living space and a converted detached garage currently in use.
Property Size1,380 SF
Days on Market27
Property Features for 413 NW 14th Terrace
General Information
Standard status
Active
Size
1,380 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,037
Building Details
Building Size
1,380 SF
Year Built
1934
Listing Agency:
Keys to Legacy Realty LLC
Listed By:
Denise Annmarie Chambers Palmer · License #3383851
(786) 337-5365
Source:
Tylertuchow
Added: Sep 16
Changed: Oct 10
Last Checked: Oct 11 at 12:50PM
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 Keys to Legacy Realty LLC
Investment Insights
Based on property information with market context.
This multifamily property includes a 3-bedroom, 2-bath main residence, an additional 1-bedroom, 1-bath unit requiring renovation, and a detached garage that has been converted and is currently occupied. The main bathroom has been updated, while the secondary unit offers space for improvements and reconfiguration.
Built in 1934, the property contains 1,380 square feet and is located at 413 NW 14th Terrace in Fort Lauderdale, Florida. RS-8 zoning is identified for the site. The existing layout includes multiple living areas and a converted detached structure, with the property described as having potential for triplex use.
Built in 1934, the property contains 1,380 square feet and is located at 413 NW 14th Terrace in Fort Lauderdale, Florida. RS-8 zoning is identified for the site. The existing layout includes multiple living areas and a converted detached structure, with the property described as having potential for triplex use.
Key Highlights
- 3‑bedroom, 2‑bath main home
- Additional 1‑bedroom, 1‑bath unit requires renovation
- Converted detached garage is currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,004
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,080
$460.1K
Cap Rate 7%
$328,629
$328.6K
Cap Rate 9%
$255,600
$255.6K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$34.8K $25.20/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$32.9K $23.81/SF
− OpEx
−$9.9K −$7.14/SF
NOI
$23.0K $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%
$460,080
Cap Rate 7%
$328,629
Cap Rate 9%
$255,600
Alternative Uses
Best Use
Multifamily LT 5
$328.6K
$287.6K – $383.4K
NOI $23,004 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$296.0K
$259.0K – $345.4K
NOI $20,723 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$927.4K
$811.4K – $1.08M
NOI $64,915 @ 7.0% cap · market cap 19.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
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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?
Multifamily property - Three-bedroom main residence with additional living space and a converted detached garage currently in use.
Where is this multifamily property located?
The property is located at 413 NW 14th Terrace Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath main home; Additional 1‑bedroom, 1‑bath unit requires renovation; Converted detached garage is currently occupied
