Updated Triplex with Private
For Sale
Contact for pricing
5200 NW 16th St, Lauderhill, FL 33313
Tenant-occupied triplex with annual leases, separate parking, impact windows, and a large yard with mature fruit trees.
Property Size2,399 SF
Price / SF$293.87
Days on Market174
Property Features for 5200 NW 16th St
General Information
Standard status
Active
Size
2,399 SF
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
RM-8
Additional Details
Gross Income
$130,116
Public Transit
Yes
Multifamily Units
6
Amenities
impact windows
central AC
yard
Building Details
Year Built
1971
Buildings
2
Listing Agency:
Ace Core-Group LLC
Listed By:
IRFAN KHAN · License #3058504
(954) 394-8935
Source:
Crexi
Added: May 8
Changed: Oct 27
Last Checked: Oct 26 at 3:00PM
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 Ace Core-Group LLC
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Investment Insights
Based on property information with market context.
This 2,399-square-foot triplex was built in 1971 and has been updated with impact windows, central AC, tile flooring, and fresh interior paint. The property contains three units with a combined configuration of six bedrooms and four bathrooms. Two units are arranged as 2-bedroom, 1-bath residences, while the third offers two bedrooms and two bathrooms with its own entrance and separate parking space. A large yard includes mango, avocado, and ackee trees.
The building is currently occupied by tenants under annual leases. The property is zoned RM-8 and is located near shopping centers, public transportation, restaurants, and schools. The address is 5200 NW 16th St, Lauderhill, FL 33313.
The building is currently occupied by tenants under annual leases. The property is zoned RM-8 and is located near shopping centers, public transportation, restaurants, and schools. The address is 5200 NW 16th St, Lauderhill, FL 33313.
Key Highlights
- 2,399‑square‑foot triplex built in 1971
- Three units totaling 6 bedrooms and 4 bathrooms
- Unit mix includes two 2‑bedroom, 1‑bath units and one 2‑bedroom, 2‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,991
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$799,820
$799.8K
Cap Rate 7%
$571,300
$571.3K
Cap Rate 9%
$444,344
$444.3K
Market Conditions
NOI Build-Up for 2,399 SF
Gross rent
$60.5K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$57.1K $23.81/SF
− OpEx
−$17.1K −$7.14/SF
NOI
$40.0K $16.67/SF
Area
Broward County, 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%
$799,820
Cap Rate 7%
$571,300
Cap Rate 9%
$444,344
Alternative Uses
Best Use
Multifamily LT 5
$571.3K
$499.9K – $666.5K
NOI $39,991 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$527.1K
$461.2K – $614.9K
NOI $36,895 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,198 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
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Business Placement
Demographics for 33313, FL
63,284
Population
25,312
Households
2.5
Avg Household Size
36
Median Age
15%
College-Educated
85%
High-School Grad
6.3 sq mi
ZIP Area
10,045
Density / Sq Mi
$45,408
Median Household Income
$30,872
Median Earnings
$1,608
Median Rent
$236,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied triplex with annual leases, separate parking, impact windows, and a large yard with mature fruit trees.
Where is this triplex located?
The property is located at 5200 NW 16th St Lauderhill, FL.
What is the asking price?
The asking price for this property is $705,000.
What are key features of this property?
This property features: 2,399‑square‑foot triplex built in 1971; Three units totaling 6 bedrooms and 4 bathrooms; Unit mix includes two 2‑bedroom, 1‑bath units and one 2‑bedroom, 2‑bath unit
