Triplex Residential Income
For Sale
$679,000
5311 NW 16th Street, Lauderhill, FL 33313
For sale triplex in Lauderhill, Florida, offered as a residential income property.
Property Size2,250 SF
Price / SF$301.78
Days on Market92
Property Features for 5311 NW 16th Street
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Triplex
Building Details
Year Built
1969
Listing Agency:
Realty One Group Evolution
(786) 477-4715
Listed By:
Sergio Arcila · License #3229070
(305) 229-2861
Source:
Lehmannflorida
Added: Jul 13
Changed: Oct 11
Last Checked: Oct 11 at 8:53AM
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
Estimated NOI and Cap Rate
NOI / Yr
$37,507
Cap Rate
5.52%
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 5.52%
Second Best
Apartment 5plus
$494.3K
$432.5K – $576.7K
NOI $34,603 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$1.14M
$998.8K – $1.33M
NOI $79,906 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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 Street Lauderhill, FL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Triplex for sale in Lauderhill, Florida; Built in 1969
