Single-Story
For Sale
$960,000
425 SW 18TH Ave, Fort Lauderdale, FL 33312
Three residential units offer a compact, single-story configuration in Fort Lauderdale.
Property Size2,418 SF
Price / SF$397.02
Days on Market11
Property Features for 425 SW 18TH Ave
General Information
Standard status
Active
Size
2,418 SF
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$14,085
Building Details
Building Size
2,418 SF
Year Built
1965
Buildings
1
Stories
2
Units
2
Listing Agency:
United Realty Group Inc
Listed By:
Noy Hadar · License #3157607
(954) 292-9782
Source:
Elliman
Added: Oct 9
Changed: Oct 16
Last Checked: Oct 16 at 10:34AM
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 United Realty Group Inc
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Investment Insights
Based on property information with market context.
Located in Fort Lauderdale’s Community Acres, this triplex contains three residential units arranged in a single-story configuration. The property was built in 1965 and has approximately 2,418 square feet of finished living area.
Mobility scores are 52 for biking, described as “Bikeable”; 28 for walking, described as “Car-Dependent”; and 36 for transit, described as “Some Transit.”
Mobility scores are 52 for biking, described as “Bikeable”; 28 for walking, described as “Car-Dependent”; and 36 for transit, described as “Some Transit.”
Key Highlights
- Three‑unit residential property with single‑story design
- Approximately 2,418 square feet of finished living space
- Built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,308
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,160
$806.2K
Cap Rate 7%
$575,829
$575.8K
Cap Rate 9%
$447,867
$447.9K
Market Conditions
NOI Build-Up for 2,418 SF
Gross rent
$60.9K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$57.6K $23.81/SF
− OpEx
−$17.3K −$7.14/SF
NOI
$40.3K $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%
$806,160
Cap Rate 7%
$575,829
Cap Rate 9%
$447,867
Alternative Uses
Best Use
Multifamily LT 5
$575.8K
$503.9K – $671.8K
NOI $40,308 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$518.7K
$453.9K – $605.2K
NOI $36,309 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.62M
$1.42M – $1.90M
NOI $113,743 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
Explore this area
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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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 residential units offer a compact, single-story configuration in Fort Lauderdale.
Where is this triplex located?
The property is located at 425 SW 18TH Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Three‑unit residential property with single‑story design; Approximately 2,418 square feet of finished living space; Built in 1965
