Tenant-Occupied
For Sale
$799,900
417 NW 15th Avenue, Fort Lauderdale, FL 33311
The remodeled units remain occupied by existing tenants.
Property Size1,988 SF
Price / SF$402.36
Days on Market65
Property Features for 417 NW 15th Avenue
General Information
Standard status
Active
Size
1,988 SF
Property subtype
Triplex
Site & Location
Neighborhood
Vpca
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$12,406
Building Details
Building Size
1,988 SF
Year Built
1957
Listing Agency:
Compass Florida, LLC
Listed By:
Alana Suhail Mujica · License #3484300
(786) 823-1688
Source:
Dangelorealty
Added: Aug 25
Changed: Oct 26
Last Checked: Oct 26 at 12:56PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This 1,988-square-foot triplex was built in 1957 and has remodeled units with updated interiors. The property is being sold with its current tenants in place.
At 417 NW 15th Avenue in Fort Lauderdale, the property is near major roads, shopping, dining, schools, and Downtown Fort Lauderdale.
At 417 NW 15th Avenue in Fort Lauderdale, the property is near major roads, shopping, dining, schools, and Downtown Fort Lauderdale.
Key Highlights
- Triplex with 1,988 square feet
- Built in 1957
- Remodeled units with updated interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,140
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,800
$662.8K
Cap Rate 7%
$473,429
$473.4K
Cap Rate 9%
$368,222
$368.2K
Market Conditions
NOI Build-Up for 1,988 SF
Gross rent
$50.1K $25.20/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$47.3K $23.81/SF
− OpEx
−$14.2K −$7.14/SF
NOI
$33.1K $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%
$662,800
Cap Rate 7%
$473,429
Cap Rate 9%
$368,222
Alternative Uses
Best Use
Multifamily LT 5
$473.4K
$414.3K – $552.3K
NOI $33,140 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$426.5K
$373.2K – $497.5K
NOI $29,852 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,516 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
5,695
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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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 - The remodeled units remain occupied by existing tenants.
Where is this triplex located?
The property is located at 417 NW 15th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Triplex with 1,988 square feet; Built in 1957; Remodeled units with updated interiors
