9-Unit Apartment Building with
New
For Sale
$2,250,000
4317 NE 21st Avenue #1-9, Fort Lauderdale, FL 33308
A varied unit mix is complemented by impact windows and on-site parking.
Property Size6,057 SF
Lot Size0.30 Acres
Price / SF$371.47
Days on Market4
Property Features for 4317 NE 21st Avenue #1-9
General Information
Standard status
Active
Size
6,057 SF
Lot size
0.30 Acres
Property subtype
Multi Family
Site & Location
Neighborhood
Crcc
Highway Access
Yes
Units
Unit Mix
6 x 1BR/1BA, 2 x 2BR/2BA, 1 x studio
Multifamily Units
9
Additional Details
Gross Income
$194,100
Tenant in Place
Yes
Amenities
swimming pool
hurricane impact windows
tile flooring
kitchens with ample cabinet space
on-site parking
Building Details
Year Built
1974
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 748-7373
Listed By:
Elior Levi · License #3574869
(954) 743-7594
Source:
Lehmannflorida
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:18PM
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 Fausto Commercial Realty Consultants Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9-unit apartment property contains six 1-bedroom/1-bath units, two 2-bedroom/2-bath units, and one studio. The 6,057-square-foot building dates to 1974 and sits on a 12,912-square-foot lot. Property features include a swimming pool, hurricane impact windows, tile floors, kitchens with ample cabinet storage, and on-site parking.
The property is at 4317 NE 21st Avenue in Fort Lauderdale, with Downtown Fort Lauderdale, the beach, Fort Lauderdale-Hollywood International Airport, and major highways including I-95 identified as nearby destinations.
The property is at 4317 NE 21st Avenue in Fort Lauderdale, with Downtown Fort Lauderdale, the beach, Fort Lauderdale-Hollywood International Airport, and major highways including I-95 identified as nearby destinations.
Key Highlights
- 9 units: six 1‑bedroom/1‑bath apartments, two 2‑bedroom/2‑bath apartments, and one studio
- 6,057‑square‑foot building on a 12,912‑square‑foot lot
- Built in 1974
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,954
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,819,080
$1.8M
Cap Rate 7%
$1,299,343
$1.3M
Cap Rate 9%
$1,010,600
$1.0M
Market Conditions
NOI Build-Up for 6,057 SF
Gross rent
$174.4K $28.80/SF
− Vacancy
−$9.1K −$1.50/SF
EGI
$165.4K $27.30/SF
− OpEx
−$74.4K −$12.29/SF
NOI
$91.0K $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%
$1,819,080
Cap Rate 7%
$1,299,343
Cap Rate 9%
$1,010,600
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $90,954 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $284,921 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
9
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,818
Businesses Nearby
Explore this area
Business Placement
Demographics for 33308, FL
29,519
Population
23,230
Households
1.3
Avg Household Size
57
Median Age
56%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
6,417
Density / Sq Mi
$83,413
Median Household Income
$58,600
Median Earnings
$1,850
Median Rent
$536,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied unit mix is complemented by impact windows and on-site parking.
Where is this apartment building located?
The property is located at 4317 NE 21st Avenue #1-9 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 9 units: six 1‑bedroom/1‑bath apartments, two 2‑bedroom/2‑bath apartments, and one studio; 6,057‑square‑foot building on a 12,912‑square‑foot lot; Built in 1974
