8-Unit Apartment Building
426 NW 14th Ave # 8 Unit 1-8, Fort Lauderdale, FL 33311
For Sale
$1,325,000
Four duplex-style structures provide one-bedroom residences with private tenant yards and on-site parking.
Property Size3,648 SF
Days on Market51
Property Features for 426 NW 14th Ave # 8 Unit 1-8
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washers and dryers
gated yards
Building Details
Building Size
Year Built
Buildings
Listing Agency:
The Alpha Commercial Advisors LLC
Listed By:
Jamie Maniscalco · License FL #3391005
(305) 697-7011
Source:
Relinkre
Added: Sep 21
Changed: Nov 3
Last Checked: Nov 8 at 3:30PM
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 The Alpha Commercial Advisors LLC
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Investment Insights
Based on property information with market context.
Built in 1960, this 8-unit apartment property consists of four duplex-style buildings containing eight market-rate residences, each configured with 1 bedroom and 1 bathroom. Occupancy is reported at 100%. Improvements include in-unit washers and dryers in half of the residences, while every tenant has an individually gated yard. On-site parking is also provided.
The property is located in Historic Dorsey-Riverbend near the Sistrunk Corridor, Flagler Village, Brightline, and Downtown Fort Lauderdale. This setting places the apartments near employment, transportation, entertainment, and surrounding investment activity. The existing configuration combines smaller residential buildings with private outdoor areas and a mix of completed and partial unit improvements.
The property is located in Historic Dorsey-Riverbend near the Sistrunk Corridor, Flagler Village, Brightline, and Downtown Fort Lauderdale. This setting places the apartments near employment, transportation, entertainment, and surrounding investment activity. The existing configuration combines smaller residential buildings with private outdoor areas and a mix of completed and partial unit improvements.
Key Highlights
- 8‑unit apartment property with 100% occupancy
- Eight market‑rate 1‑bedroom, 1‑bathroom residences
- Four duplex‑style buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,780
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
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
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 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 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,602 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,920
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
$276,600
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Fort Lauderdale, FL
Properties on Market for Apartment buildings in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Four duplex-style structures provide one-bedroom residences with private tenant yards and on-site parking.
Where is this apartment building located?
The property is located at 426 NW 14th Ave # 8 Unit 1-8 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 8‑unit apartment property with 100% occupancy; Eight market‑rate 1‑bedroom, 1‑bathroom residences; Four duplex‑style buildings
