Single-Story Triplex Income
For Sale
$749,900
5631 NW 15th St, Lauderhill, FL 33313
Single-story multi-unit property in Lauderhill with a layout designed to support functional living areas across multiple residences.
Property Size2,260 SF
Price / SF$331.81
Days on Market53
Property Features for 5631 NW 15th St
General Information
Standard status
Active
Size
2,260 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$12,542
Building Details
Building Size
2,260 SF
Year Built
1969
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
(954) 553-5962
Listed By:
Steven Beaulieu
(954) 553-5962
Source:
Elliman
Added: Jun 21
Changed: Aug 8
Last Checked: Aug 12 at 8:35AM
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 Steven Beaulieu
Investment Insights
Based on property information with market context.
This single-story triplex offers 2,260 square feet of versatile living space arranged across multiple units. The property’s thoughtful layout is designed to make efficient use of the available area, creating functional residential spaces within a single footprint.
Located in Lauderhill, Florida, the home sits in an established community. Walkability and transit convenience are described as somewhat limited, with BikeScore of 36, WalkScore of 52, and transitScore of 34.
As a residential income property, the triplex configuration can appeal to buyers seeking a multi-unit ownership opportunity with flexible unit-level living arrangements. Owner financing is also noted as available with 50% down, which may be a consideration for qualified buyers looking for an alternative to traditional financing.
Located in Lauderhill, Florida, the home sits in an established community. Walkability and transit convenience are described as somewhat limited, with BikeScore of 36, WalkScore of 52, and transitScore of 34.
As a residential income property, the triplex configuration can appeal to buyers seeking a multi-unit ownership opportunity with flexible unit-level living arrangements. Owner financing is also noted as available with 50% down, which may be a consideration for qualified buyers looking for an alternative to traditional financing.
Key Highlights
- 2,260 SF single‑story triplex in Lauderhill, FL
- Built in 1969 with a multi‑unit layout designed to support functional living areas across multiple residences
- Multi‑unit property offers versatile living space within one single‑story building
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
$37,674
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
5.02%
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%
$753,480
$753.5K
Cap Rate 7%
$538,200
$538.2K
Cap Rate 9%
$418,600
$418.6K
Market Conditions
NOI Build-Up for 2,260 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
$57.0K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$53.8K $23.81/SF
− OpEx
−$16.1K −$7.14/SF
NOI
$37.7K $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%
$753,480
Cap Rate 7%
$538,200
Cap Rate 9%
$418,600
Alternative Uses
Best Use
Multifamily LT 5
$538.2K
$470.9K – $627.9K
NOI $37,674 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$496.5K
$434.5K – $579.3K
NOI $34,757 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,262 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
732
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 - Single-story multi-unit property in Lauderhill with a layout designed to support functional living areas across multiple residences.
Where is this triplex located?
The property is located at 5631 NW 15th St Lauderhill, FL.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 2,260 SF single‑story triplex in Lauderhill, FL; Built in 1969 with a multi‑unit layout designed to support functional living areas across multiple residences; Multi‑unit property offers versatile living space within one single‑story building
