Updated Triplex With Impact
For Sale
Contact for pricing
5210 NW 16th St, Lauderhill, FL 33313
Tenant-occupied property with annual leases, central air, tile flooring, and a large yard with fruit trees.
Property Size2,399 SF
Price / SF$293.87
Days on Market166
Property Features for 5210 NW 16th St
General Information
Standard status
Active
Size
2,399 SF
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
RM-8
Units
Unit Mix
2 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
3
Additional Details
Gross Income
$67,740
Public Transit
Yes
Amenities
central AC
big yard with fruit trees
Building Details
Year Built
1970
Buildings
1
Listing Agency:
Ace Core-Group LLC
Listed By:
IRFAN KHAN · License #3058504
(954) 394-8935
Source:
Crexi
Added: May 10
Changed: Oct 21
Last Checked: Oct 20 at 8:51PM
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 three-unit residential income property contains 6 bedrooms and 4 bathrooms, with a unit mix of two 2-bedroom, 1-bath residences and one 2-bedroom, 2-bath residence. Improvements include a new roof in 2026, impact windows, central AC, tile flooring, and fresh interior paint. The property also includes a large yard with fruit trees.
All three units are tenant occupied under annual leases. RM-8 zoning applies to the property, which was built in 1970. Its Lauderhill setting places the property near shopping centers, public transportation, restaurants, and schools.
All three units are tenant occupied under annual leases. RM-8 zoning applies to the property, which was built in 1970. Its Lauderhill setting places the property near shopping centers, public transportation, restaurants, and schools.
Key Highlights
- Triplex with 6 bedrooms and 4 bathrooms
- Unit mix includes two 2/1 units and one 2/2 unit
- New roof installed in 2026
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
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied property with annual leases, central air, tile flooring, and a large yard with fruit trees.
Where is this triplex located?
The property is located at 5210 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: Triplex with 6 bedrooms and 4 bathrooms; Unit mix includes two 2/1 units and one 2/2 unit; New roof installed in 2026
