Renovated One-Bedroom
For Sale
Contact for pricing
426 Northwest 14th Avenue, Fort Lauderdale, FL 33311
Four individually fenced buildings contain eight fully renovated one-bedroom, one-bath units with functional split layouts.
Property Size3,648 SF
Price / SF$408.44
Days on Market136
Property Features for 426 Northwest 14th Avenue
General Information
Standard status
Active
Size
3,648 SF
Class
C
Property subtype
Multifamily
Zoning
RS-8 - RESIDENTIAL SINGLE FAMILY/LOW MEDIUM DENSITY
Occupancy
100%
Net Operating Income
$150,600
Additional Details
Multifamily Units
8
Building Details
Year Built
1964
Buildings
4
Units
8
Listing Agency:
Silverleaf Realty Group
Listed By:
Mario Francisco Frech P.A · License #3356151
Source:
Crexi
Added: Apr 24
Changed: Sep 2
Last Checked: Sep 1 at 4:12AM
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 Silverleaf Realty Group
Investment Insights
Based on property information with market context.
The property features eight well-appointed one-bedroom, one-bathroom apartments distributed across four separate buildings. Each building is individually fenced to add an extra layer of privacy and security for residents. All units have been fully renovated and include functional split layouts designed to improve day-to-day comfort and livability.
The community is located in Northwest Fort Lauderdale, near Flagler Village and Fort Lauderdale’s downtown area. This positioning places dining, entertainment, and ongoing development activity within close proximity.
Seller financing is available to qualified buyers; contact the listing agent for details.
The community is located in Northwest Fort Lauderdale, near Flagler Village and Fort Lauderdale’s downtown area. This positioning places dining, entertainment, and ongoing development activity within close proximity.
Seller financing is available to qualified buyers; contact the listing agent for details.
Key Highlights
- 1964‑built property with eight fully renovated 1‑bedroom, 1‑bath units across 4 separate buildings
- Each unit has a functional split layout
- Four buildings are individually fenced, offering added resident privacy and security
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
$54,780
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
3.68%
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%
$1,095,600
$1.1M
Cap Rate 7%
$782,571
$782.6K
Cap Rate 9%
$608,667
$608.7K
Market Conditions
NOI Build-Up for 3,648 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
$105.1K $28.80/SF
− Vacancy
−$5.5K −$1.50/SF
EGI
$99.6K $27.30/SF
− OpEx
−$44.8K −$12.29/SF
NOI
$54.8K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
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%
$1,095,600
Cap Rate 7%
$782,571
Cap Rate 9%
$608,667
Alternative Uses
Best Use
Apartment 5plus
$782.6K
$684.8K – $913.0K
NOI $54,780 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,602 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,539
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Four individually fenced buildings contain eight fully renovated one-bedroom, one-bath units with functional split layouts.
Where is this apartment building located?
The property is located at 426 Northwest 14th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: 1964‑built property with eight fully renovated 1‑bedroom, 1‑bath units across 4 separate buildings; Each unit has a functional split layout; Four buildings are individually fenced, offering added resident privacy and security
