Updated Triplex with Private
5200 NW 16th St, Lauderhill, FL 33313
For Sale
$702,000
Residential Income, Lauderhill, FL
Property Size2,399 SF
Price / SF$292.62
Days on Market121
Property Features for 5200 NW 16th St
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Rooms
Parking
Exterior features
Fencing
Subdivision
Lot features
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Ace Core-Group, LLC.
(954) 934-3612
Listed By:
Irfan Khan · License FL #3058504
(954) 394-8935
Added: Jul 18
Changed: Nov 14
Last Checked: Nov 15 at 6:06PM
MLS# A12015138
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,399-square-foot triplex, built in 1971, contains three residential units with a combined layout of six bedrooms and four bathrooms. The unit mix includes two 2-bedroom, 1-bath residences and one 2-bedroom, 2-bath residence. The third unit has its own entrance and dedicated parking space. Interior and exterior features include impact windows, central air conditioning, ceiling fans, tile flooring, fresh paint, block construction, and a shingle roof.
The property is occupied by tenants under annual leases and includes a fenced yard with mango, avocado, and ackee trees. Public water and public sewer serve the property, with cable available. Its Lauderhill location provides access to shopping centers, public transportation, restaurants, and schools. The adjoining triplex at 5210 NW 16th St is also identified as available for separate or combined acquisition.
The property is occupied by tenants under annual leases and includes a fenced yard with mango, avocado, and ackee trees. Public water and public sewer serve the property, with cable available. Its Lauderhill location provides access to shopping centers, public transportation, restaurants, and schools. The adjoining triplex at 5210 NW 16th St is also identified as available for separate or combined acquisition.
Key Highlights
- 2,399 square feet on a 0.055‑acre lot
- Three‑unit property with 6 bedrooms and 4 bathrooms
- Unit mix includes two 2/1 residences and one 2/2 residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,658
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,160
$733.2K
Cap Rate 7%
$523,686
$523.7K
Cap Rate 9%
$407,311
$407.3K
Market Conditions
NOI Build-Up for 2,399 SF
Gross rent
$70.5K $29.40/SF
− Vacancy
−$3.9K −$1.62/SF
EGI
$66.7K $27.78/SF
− OpEx
−$30.0K −$12.50/SF
NOI
$36.7K $15.28/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,160
Cap Rate 7%
$523,686
Cap Rate 9%
$407,311
Alternative Uses
Best Use
Apartment 5plus
$523.7K
$458.2K – $611.0K
NOI $36,658 @ 7.0% cap · market cap 5.22%
Second Best
Multifamily LT 5
$402.4K
$352.1K – $469.4K
NOI $28,165 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,198 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
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
$236,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Broward County, FL
Properties on Market for Triplexes in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied triplex with annual leases, central air, tile flooring, and fenced grounds.
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 $702,000.
What are key features of this property?
This property features: 2,399 square feet on a 0.055‑acre lot; Three‑unit property with 6 bedrooms and 4 bathrooms; Unit mix includes two 2/1 residences and one 2/2 residence
