Three-Unit Residential
New
For Sale
$924,000
513 SW 17th Street, Fort Lauderdale, FL 33315
Residential Income, Fort Lauderdale, FL
Property Size2,128 SF
Price / SF$434.21
Days on Market7
Property Features for 513 SW 17th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RD-15
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 4
Window features
Blinds
Patio and Porch features
Patio
Pets allowed
Yes, No
Fencing
Fenced
Subdivision
Lauderdale 2-9 D
Lot features
Room for Pool
Elementary school
Croissant Park
Middle school
New River
High school
Stranahan
Directions
From the Beach, 17th St Causeway west to 513 SW 17th St OR Davie Blvd to SW 4th Ave south to SW 513 SW 17th St.
Standard status
Active
APN
504215014010
Size
2,128 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LAUDERDALE 2-9 D LOT 18,19 E 21 BLK 69
Tax Annual Amount
12202
Legal Description
LAUDERDALE 2-9 D LOT 18,19 E 21 BLK 69
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Window Unit(s), Ceiling Fan(s), Wall/Window Unit(s)
Water source
Public
Amenities
shared backyard
carport
Building Details
Year built
1952
Floors in Building
1
Number of units
3
Flooring type
Wood, Tile
Building materials
Block
Roof type
Shingle, Wood
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Jason Litt · License #3379489
(561) 860-7637
Added: Sep 21
Changed: Sep 27
Last Checked: Sep 27 at 1:06PM
MLS# B26079030
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-story triplex contains 2,128 square feet across three separate residences totaling 4 bedrooms and 4 bathrooms. The unit mix includes one 2-bedroom, 2-bath layout and two 1-bedroom, 1-bath units. Interior features include kitchens, dining areas, tile and wood flooring, private entries, and a Florida room or sunroom in the largest residence. The property can be conveyed furnished or unfurnished.
Each residence has access to outdoor space, while carport and driveway areas provide off-street parking. The shared backyard is enclosed by a tall wood privacy fence and includes mature trees and tropical landscaping. Additional property features include block construction, public water and sewer, shingle and wood roofing, central air in the property, and a 1952 construction date. The property is located in Fort Lauderdale and carries RD-15 zoning.
Each residence has access to outdoor space, while carport and driveway areas provide off-street parking. The shared backyard is enclosed by a tall wood privacy fence and includes mature trees and tropical landscaping. Additional property features include block construction, public water and sewer, shingle and wood roofing, central air in the property, and a 1952 construction date. The property is located in Fort Lauderdale and carries RD-15 zoning.
Key Highlights
- Three separate residential units totaling 4 bedrooms and 4 bathrooms
- 2,128‑square‑foot triplex with a 2‑bedroom, 2‑bath unit and two 1‑bedroom, 1‑bath units
- RD‑15 zoning in Fort Lauderdale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,473
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$709,460
$709.5K
Cap Rate 7%
$506,757
$506.8K
Cap Rate 9%
$394,144
$394.1K
Market Conditions
NOI Build-Up for 2,128 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$53.6K $25.20/SF
− Vacancy
−$2.9K −$1.39/SF
EGI
$50.7K $23.81/SF
− OpEx
−$15.2K −$7.14/SF
NOI
$35.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$709,460
Cap Rate 7%
$506,757
Cap Rate 9%
$394,144
Alternative Uses
Best Use
Multifamily LT 5
$506.8K
$443.4K – $591.2K
NOI $35,473 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$456.5K
$399.4K – $532.6K
NOI $31,955 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,101 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,749
Businesses Nearby
Explore this area
Business Placement
Demographics for 33315, FL
13,555
Population
6,991
Households
1.9
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
2,558
Density / Sq Mi
$90,760
Median Household Income
$43,815
Median Earnings
$1,789
Median Rent
$492,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Single-story property with separate entrances, carports, and a shared fenced backyard in Fort Lauderdale.
Where is this triplex located?
The property is located at 513 SW 17th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $924,000.
What are key features of this property?
This property features: Three separate residential units totaling 4 bedrooms and 4 bathrooms; 2,128‑square‑foot triplex with a 2‑bedroom, 2‑bath unit and two 1‑bedroom, 1‑bath units; RD‑15 zoning in Fort Lauderdale
