Remodeled
For Sale
$699,900
5311 NW 16th St, Lauderhill, FL 33313
Residential Income, Lauderhill, FL
Property Size2,250 SF
Price / SF$311.07
Days on Market43
Property Features for 5311 NW 16th St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
RM-8
Bedrooms
5
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 2
Parking
6
Subdivision
SUNSHINE VILLAS
Lot features
< 1/4 Acre
Directions
Sunrise Blvd West to NW 56 Avenue. Go North on 56th Avenue to NW 15 Street. Make a right on NW 15th Street, the left on NW 55 Avenue. Make a right on NW 16 Street and the property will be on your left.
Special listing conditions
In Foreclosure, Real Estate Owned
Standard status
Active
APN
494135210490
Size
2,250 SF
Taxes and HOA fees
Tax Year
2017
Tax Description
SUNSHINE VILLAS 66-49 B LOT 14 BLK 3
Tax Annual Amount
13803
Legal Description
SUNSHINE VILLAS 66-49 B LOT 14 BLK 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
washer/dryer hookups
central A/C
Building Details
Year built
1969
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Realty One Group Evolution
(786) 477-4715
Listed By:
Sergio Arcila · License #3229070
(305) 310-2098
Added: Jul 18
Changed: Aug 29
Last Checked: Aug 29 at 7:06PM
MLS# A12053115
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.
Investment Insights
Based on property information with market context.
This 2,250-square-foot triplex contains two two-bedroom, one-bath residences and one one-bedroom, one-bath residence. All three units were remodeled in 2022, with updated kitchens, bathrooms, flooring, and other interior improvements. The building has block construction, tile flooring, a shingle roof, and wall-furnace heating.
Each residence is assigned two dedicated parking spaces. Washer and dryer hookups are positioned at the rear of the building. Public water and public sewer serve the property, with cable available. Built in 1969, the property is located at 5311 NW 16th St in Lauderhill, Florida 33313.
Each residence is assigned two dedicated parking spaces. Washer and dryer hookups are positioned at the rear of the building. Public water and public sewer serve the property, with cable available. Built in 1969, the property is located at 5311 NW 16th St in Lauderhill, Florida 33313.
Key Highlights
- Three‑unit configuration: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- All units remodeled in 2022
- 2,250 square feet on a 1969‑built block structure
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
$37,507
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
5.36%
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%
$750,140
$750.1K
Cap Rate 7%
$535,814
$535.8K
Cap Rate 9%
$416,744
$416.7K
Market Conditions
NOI Build-Up for 2,250 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
$56.7K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$53.6K $23.81/SF
− OpEx
−$16.1K −$7.14/SF
NOI
$37.5K $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 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%
$750,140
Cap Rate 7%
$535,814
Cap Rate 9%
$416,744
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Explore this area
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
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 - Three-unit residential property with updated interiors, dedicated parking, and rear laundry hookups.
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: Three‑unit configuration: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; All units remodeled in 2022; 2,250 square feet on a 1969‑built block structure
