Triplex Residential Income
5311 NW 16th St Lauderhill, FL 33313
For Sale
$699,900
For sale triplex in Lauderhill, Florida, offered as a residential income property.
Property Size2,250 SF
Price / SF$311.07
Days on Market13
Property Features for 5311 NW 16th St
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1969
Listing Agency:
Realty One Group Evolution
(305) 310-2098
Listed By:
Sergio Arcila · License #A11982609
(305) 310-2098
Source:
Riserealty
Added: Jul 13
Changed: Jul 25
Last Checked: Jul 25 at 2:32AM
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 Realty One Group Evolution
Investment Insights
Based on property information with market context.
This For Sale triplex is positioned as a residential income property and includes three units within a single multi-family building. The property is listed at $699,900 and is represented with a total size of 2,250 square feet.
Located at 5311 NW 16th St in Lauderhill, Florida (33313), the asset provides a straightforward multi-unit residential configuration for buyers seeking a triplex format.
Located at 5311 NW 16th St in Lauderhill, Florida (33313), the asset provides a straightforward multi-unit residential configuration for buyers seeking a triplex format.
Key Highlights
- Triplex for sale in Lauderhill, Florida
- Built in 1969
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.7k | $25.20 |
| − Vacancy | −$3.1k | −$1.39 |
| EGI | $53.6k | $23.81 |
| − OpEx | −$16.1k | −$7.14 |
| NOI | $37.5k | $16.67 |
2,250 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$535.8K
$468.8K – $625.1K
NOI $37,507 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$494.3K
$432.5K – $576.7K
NOI $34,603 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.14M
$998.8K – $1.33M
NOI $79,906 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - For sale triplex in Lauderhill, Florida, offered as a residential income property.
Where is this triplex located?
The property is located at 5311 NW 16th St Lauderhill, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Triplex for sale in Lauderhill, Florida; Built in 1969
