Updated 4-Plex Income
5821 NE 18TH Avenue Unit 1-4 Fort Lauderdale, FL 33334
5821 NE 18TH Avenue Unit 1-4, Fort Lauderdale, FL, 33334
$700,000
Pending
For Sale
$700,000
Pending
Four-unit residential income property with separate electric meters and a new roof installed in 2020.
Property Size2,664 SF
Days on Market13
Property Features for 5821 NE 18TH Avenue Unit 1-4
General Information
- Standard status
- Pending
- Size
- 2,664 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1961
Listing Agency
RE/MAX Consultants Realty 1
(954) 439-0007
Listed by
Julie T Streeter · License #3176578
(954) 439-0007
Source
Lehmannflorida
Added: Jul 9 Updated: Jul 17 at 2:54 am Checked: Jul 20 at 4:08 am
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 RE/MAX Consultants Realty 1
Investment Insights
Based on property information with market context.
This 4-plex residential income property includes four units with separate electric meters. Public remarks indicate that two units have substantial updates, while three units currently have annual leases in place. Improvements noted include a new roof in 2020 and recent plumbing updates.
The property is located in the east Fort Lauderdale area. According to the provided information, the asset is positioned as an owner- and tenant-friendly structure with an easy-to-care-for setup.
As presented, the building’s configuration supports a straightforward multi-unit rental arrangement, combining recent exterior and plumbing work with a mix of updated unit interiors.
The property is located in the east Fort Lauderdale area. According to the provided information, the asset is positioned as an owner- and tenant-friendly structure with an easy-to-care-for setup.
As presented, the building’s configuration supports a straightforward multi-unit rental arrangement, combining recent exterior and plumbing work with a mix of updated unit interiors.
Key Highlights
- Four‑unit residential income property built in 1961
- New roof installed in 2020
- Separate electric meters for the units
Local 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 | $67.1k | $25.20 |
| − Vacancy | −$3.7k | −$1.39 |
| EGI | $63.4k | $23.81 |
| − OpEx | −$19.0k | −$7.14 |
| NOI | $44.4k | $16.67 |
2,664 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$634.4K
$555.1K – $740.1K
NOI $44,408 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$571.5K
$500.0K – $666.7K
NOI $40,003 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,315 @ 7.0% cap · market cap 17.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit residential income property with separate electric meters and a new roof installed in 2020.
Where is this quadplex located?
The property is located at 5821 NE 18TH Avenue Unit 1-4 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four‑unit residential income property built in 1961; New roof installed in 2020; Separate electric meters for the units
