Remodeled
New
For Sale
$639,000
5311 NW 16th St, Lauderhill, FL 33313
Residential Income, Lauderhill, FL
Property Size2,250 SF
Price / SF$284
Days on Market1
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 1, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 5
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
Real Estate Owned, In Foreclosure
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
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
central A/C
washer/dryer hookups
Building Details
Year built
1969
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Buildings
1
Listing Agency:
Realty One Group Evolution
(786) 477-4715
Listed By:
Sergio Arcila · License #3229070
(305) 310-2098
Added: Nov 1
Last Checked: Nov 1 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
This 2,250-square-foot triplex contains three apartments: two with two bedrooms and one bathroom each, plus a one-bedroom, one-bathroom unit. Renovations to the kitchens, bathrooms and floors were completed in 2022. The building dates to 1969 and has block construction with tile flooring.
Each apartment has two dedicated parking spaces. Washer and dryer hookups are positioned at the rear of the building.
Each apartment has two dedicated parking spaces. Washer and dryer hookups are positioned at the rear of the building.
Key Highlights
- Three separate apartments in a 2,250‑square‑foot building
- Unit mix includes two 2‑bedroom, 1‑bathroom apartments and one 1‑bedroom, 1‑bathroom apartment
- Kitchen, bathroom and flooring renovations completed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,507
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
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
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 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 5.87%
Second Best
Apartment 5plus
$494.3K
$432.5K – $576.7K
NOI $34,603 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.14M
$998.8K – $1.33M
NOI $79,906 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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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 - The three-unit property combines two two-bedroom apartments with a separate one-bedroom unit.
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 $639,000.
What are key features of this property?
This property features: Three separate apartments in a 2,250‑square‑foot building; Unit mix includes two 2‑bedroom, 1‑bathroom apartments and one 1‑bedroom, 1‑bathroom apartment; Kitchen, bathroom and flooring renovations completed in 2022
