Single-Story
New
For Sale
$960,000
425 SW 18TH Avenue, Fort Lauderdale, FL 33312
Residential Income, Fort Lauderdale, FL
Property Size2,418 SF
Lot Size0.18 Acres
Price / SF$397.02
Days on Market3
Property Features for 425 SW 18TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM-15
Bedrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bathroom 5, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 3
Patio and Porch features
Patio, Porch
Pets allowed
Yes, No
Exterior features
Lighting
Fencing
Gate, Chain Link, Fenced
Subdivision
COMMUNITY ACRES
Elementary school
North Fork
Middle school
New River
High school
Stranahan
Standard status
Active
APN
504209310230
Size
2,418 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COMMUNITY ACRES 58-46 LOT 25-ALSO UNDIV 1/23 INT IN & TO LOTS 13 & 18
Tax Annual Amount
14085
Legal Description
COMMUNITY ACRES 58-46 LOT 25-ALSO UNDIV 1/23 INT IN & TO LOTS 13 & 18
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Number of units
2
Flooring type
Marble
Building materials
Block, CBS, Stucco
Roof type
Shingle
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Noy Hadar · License #3157607
(954) 292-9782
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 10 at 8:06AM
MLS# B26073564
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex contains three single-story residential units totaling approximately 2,418 square feet of finished living space. The property includes central heating, central air, marble flooring, porches, patios, exterior lighting, and a fenced perimeter with a gate. Block, CBS, and stucco construction support the building’s physical improvements, while a shingle roof completes the structure.
Built in 1965, the property is located at 425 SW 18th Avenue in Fort Lauderdale, Florida. The site encompasses 0.18 acres and carries RM-15 zoning. Public water and public sewer serve the property, with water available noted among the utilities. The three-unit layout places multiple residences on one parcel while retaining a straightforward single-story configuration.
Built in 1965, the property is located at 425 SW 18th Avenue in Fort Lauderdale, Florida. The site encompasses 0.18 acres and carries RM-15 zoning. Public water and public sewer serve the property, with water available noted among the utilities. The three-unit layout places multiple residences on one parcel while retaining a straightforward single-story configuration.
Key Highlights
- Three‑unit residential property with approximately 2,418 square feet of finished living space
- 0.18‑acre site at 425 SW 18th Avenue, Fort Lauderdale, FL 33312
- RM‑15 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,308
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three single-story units feature central heating, central air, patios, and porches within a fenced property.
Where is this triplex located?
The property is located at 425 SW 18TH Avenue 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 approximately 2,418 square feet of finished living space; 0.18‑acre site at 425 SW 18th Avenue, Fort Lauderdale, FL 33312; RM‑15 zoning
