9-Unit Multifamily Property with
4317 NE 21st Ave # 9 #1-9, Fort Lauderdale, FL 33308
For Sale
Contact for pricing
A varied unit mix, impact-rated windows, tile finishes, and on-site parking support the property's rental operation.
Property Size6,057 SF
Lot Size0.30 Acres
Price / SF$371.47
Days on Market12
Property Features for 4317 NE 21st Ave # 9 #1-9
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Highway Access
Tenant in Place
Amenities
swimming pool
hurricane impact windows
tile flooring
kitchens with ample cabinet space
on-site parking
Building Details
Buildings
Listing Agency:
Fausto Commercial
Listed By:
Elior Levi · License FL #3574869
(786) 483-0826
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 12 at 6:38AM
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
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Investment Insights
Based on property information with market context.
This nine-unit apartment property contains six one-bedroom, one-bath units, two two-bedroom, two-bath units, and one studio. The building measures 6,057 square feet on a 12,912-square-foot lot. Residents have access to a swimming pool and on-site parking; apartments feature hurricane impact windows, tile flooring, and kitchens with ample cabinet storage.
The property is located in Fort Lauderdale, with Downtown Fort Lauderdale, the beach, Fort Lauderdale-Hollywood International Airport, and I-95 identified as nearby destinations or routes.
The property is located in Fort Lauderdale, with Downtown Fort Lauderdale, the beach, Fort Lauderdale-Hollywood International Airport, and I-95 identified as nearby destinations or routes.
Key Highlights
- Nine apartments: six 1‑bedroom/1‑bath units, two 2‑bedroom/2‑bath units, and one studio
- 6,057 SF building on a 12,912 SF lot
- Swimming pool and on‑site parking
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
1,269
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
$536,900
Median Home Value
Market
Average Price Trend$/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 - A varied unit mix, impact-rated windows, tile finishes, and on-site parking support the property's rental operation.
Where is this apartment building located?
The property is located at 4317 NE 21st Ave # 9 #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: Nine apartments: six 1‑bedroom/1‑bath units, two 2‑bedroom/2‑bath units, and one studio; 6,057 SF building on a 12,912 SF lot; Swimming pool and on‑site parking
