Triplex with
New
For Sale
$950,000
509 SE 19th St, Fort Lauderdale, FL 33316
Three furnished residences are occupied on month-to-month terms, with a mix of one three-bedroom unit and two studios.
Property Size2,886 SF
Price / SF$329.18
Days on Market3
Property Features for 509 SE 19th St
General Information
Standard status
Active
Size
2,886 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RO
Site & Location
Neighborhood
Ppca
Units
Unit Mix
1 x 3BR, 2 x studio
Multifamily Units
3
Additional Details
Furnished
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$15,770
Amenities
pool
Security/High Impact Doors
Storm/Security Shutters
Building Details
Building Size
2,886 SF
Year Built
1958
Buildings
2
Stories
3
Tenancy
Multi
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Joseph Brikman · License #3483305
(929) 842-3080
Source:
Futureoptionrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 3:24PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
The property comprises two detached buildings with three furnished residences: one three-bedroom unit and two oversized studios. All three are occupied on month-to-month agreements. Improvements include impact-rated windows and doors, updated kitchens and bathrooms, new flooring, and electrical updates. The pool has been resurfaced, and the grounds have received new landscaping. The property was built in 1958 and is zoned RO.
The address is 509 SE 19th St in Fort Lauderdale. Downtown Fort Lauderdale, the beaches, FLL Airport, dining, shopping, and nightlife are described as minutes away.
The address is 509 SE 19th St in Fort Lauderdale. Downtown Fort Lauderdale, the beaches, FLL Airport, dining, shopping, and nightlife are described as minutes away.
Key Highlights
- Three furnished units: one 3BR residence and two oversized studios
- Two detached buildings with all units rented month‑to‑month
- Impact windows and doors, updated kitchens and baths, new flooring, and electrical improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,109
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$962,180
$962.2K
Cap Rate 7%
$687,271
$687.3K
Cap Rate 9%
$534,544
$534.5K
Market Conditions
NOI Build-Up for 2,886 SF
Gross rent
$72.7K $25.20/SF
− Vacancy
−$4.0K −$1.39/SF
EGI
$68.7K $23.81/SF
− OpEx
−$20.6K −$7.14/SF
NOI
$48.1K $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%
$962,180
Cap Rate 7%
$687,271
Cap Rate 9%
$534,544
Alternative Uses
Best Use
Multifamily LT 5
$687.3K
$601.4K – $801.8K
NOI $48,109 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$619.1K
$541.7K – $722.3K
NOI $43,337 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,757 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,496
Businesses Nearby
Explore this area
Business Placement
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three furnished residences are occupied on month-to-month terms, with a mix of one three-bedroom unit and two studios.
Where is this triplex located?
The property is located at 509 SE 19th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three furnished units: one 3BR residence and two oversized studios; Two detached buildings with all units rented month‑to‑month; Impact windows and doors, updated kitchens and baths, new flooring, and electrical improvements
