Furnished Triplex Investment
For Sale
$890,000
413 SE 23RD Street, Fort Lauderdale, FL 33316
Three-unit residential property with furnishings and RMM-25 zoning near retail, major roads, and the beach.
Property Size2,072 SF
Price / SF$429.54
Days on Market53
Property Features for 413 SE 23RD Street
General Information
Standard status
Active
Size
2,072 SF
Total Parking Spaces
7
Property subtype
Residential Income
Zoning
RMM-25
Additional Details
Furnished
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$12,194
Building Details
Building Size
2,072 SF
Year Built
1951
Stories
1
Listing Agency:
HelloSold LLC
Listed By:
Dan Farber · License #276634365
(954) 778-5300
Source:
Laerrealty
Added: Aug 28
Changed: Oct 13
Last Checked: Oct 16 at 6:12AM
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 HelloSold LLC
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Investment Insights
Based on property information with market context.
This furnished triplex offers 2,072 square feet across three residential units. Constructed in 1951, the property carries RMM-25 zoning and can accommodate an owner-occupant or a buyer seeking a multi-unit residential asset, subject to applicable requirements.
The property is positioned near Whole Foods and the intersection of US-1 and 17th St in Fort Lauderdale. The beach is described as only a few minutes away, adding a nearby coastal destination to the surrounding location profile. The property is offered for sale with its furnishings in place.
The property is positioned near Whole Foods and the intersection of US-1 and 17th St in Fort Lauderdale. The beach is described as only a few minutes away, adding a nearby coastal destination to the surrounding location profile. The property is offered for sale with its furnishings in place.
Key Highlights
- Three‑unit triplex with 2,072 SF
- Furnished property offered with furnishings in place
- RMM‑25 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,540
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,800
$690.8K
Cap Rate 7%
$493,429
$493.4K
Cap Rate 9%
$383,778
$383.8K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$52.2K $25.20/SF
− Vacancy
−$2.9K −$1.39/SF
EGI
$49.3K $23.81/SF
− OpEx
−$14.8K −$7.14/SF
NOI
$34.5K $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%
$690,800
Cap Rate 7%
$493,429
Cap Rate 9%
$383,778
Alternative Uses
Best Use
Multifamily LT 5
$493.4K
$431.8K – $575.7K
NOI $34,540 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$444.5K
$388.9K – $518.6K
NOI $31,114 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,467 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,355
Businesses Nearby
Explore this area
Business Placement
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
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
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with furnishings and RMM-25 zoning near retail, major roads, and the beach.
Where is this triplex located?
The property is located at 413 SE 23RD Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Three‑unit triplex with 2,072 SF; Furnished property offered with furnishings in place; RMM‑25 zoning
