4-Unit Quadplex with Impact
New
For Sale
$1,395,000
443 NE 17th Way, Fort Lauderdale, FL 33301
Furnished interiors, four updated bathrooms, and a shared income-producing washer and dryer are among the property’s features.
Property Size2,537 SF
Price / SF$549.86
Days on Market4
Property Features for 443 NE 17th Way
General Information
Standard status
Active
Size
2,537 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RC-15
Additional Details
Furnished
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$20,121
Amenities
washer/dryer
Building Details
Building Size
2,537 SF
Year Built
1950
Stories
1
Listing Agency:
EXP Realty LLC
Listed By:
Brooke Leoni
(786) 663-9337
Source:
Laerrealty
Added: Oct 19
Last Checked: Oct 20 at 6:03PM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This 2,537-square-foot quadplex contains four units and is offered furnished. The property was built in 1950 and has undergone several updates, including four refreshed bathrooms and replacement of the main plumbing line with PVC. Impact windows and doors are in place, and the roof dates to 2020. Water heaters were replaced 2 years ago. An on-site washer and dryer generate additional income.
At 443 NE 17th Way in Fort Lauderdale, the property is approximately 5 minutes from Las Olas Boulevard and 5 minutes from the beach. The furnished setup includes items described as supporting Airbnb operation; no income figures are included here.
At 443 NE 17th Way in Fort Lauderdale, the property is approximately 5 minutes from Las Olas Boulevard and 5 minutes from the beach. The furnished setup includes items described as supporting Airbnb operation; no income figures are included here.
Key Highlights
- Four‑unit quadplex with 2,537 square feet
- Roof replaced in 2020; impact windows and doors
- Four updated bathrooms and new PVC main plumbing pipe
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,291
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$845,820
$845.8K
Cap Rate 7%
$604,157
$604.2K
Cap Rate 9%
$469,900
$469.9K
Market Conditions
NOI Build-Up for 2,537 SF
Gross rent
$63.9K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$60.4K $23.81/SF
− OpEx
−$18.1K −$7.14/SF
NOI
$42.3K $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 Rate 5%
$845,820
Cap Rate 7%
$604,157
Cap Rate 9%
$469,900
Alternative Uses
Best Use
Multifamily LT 5
$604.2K
$528.6K – $704.9K
NOI $42,291 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$544.2K
$476.2K – $634.9K
NOI $38,096 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,340 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,675
Businesses Nearby
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Business Placement
Demographics for 33301, FL
19,109
Population
13,955
Households
1.4
Avg Household Size
42
Median Age
62%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
7,644
Density / Sq Mi
$115,421
Median Household Income
$76,365
Median Earnings
$2,341
Median Rent
$751,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Furnished interiors, four updated bathrooms, and a shared income-producing washer and dryer are among the property’s features.
Where is this quadplex located?
The property is located at 443 NE 17th Way Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Four‑unit quadplex with 2,537 square feet; Roof replaced in 2020; impact windows and doors; Four updated bathrooms and new PVC main plumbing pipe
