4-Plex with Separate Electric
5821 NE 18TH Avenue Fort Lauderdale, FL 33334
5821 NE 18TH Avenue, Fort Lauderdale, FL, 33334
$700,000
For Sale
Under Contract
$700,000
MULTI_FAMILY - Fort Lauderdale, FL
Property Size2,664 SF
Lot Size0.21 Acres
Price / SF$262.76
Days on Market12
Property Features for 5821 NE 18TH Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RMM-25
- Bedrooms
- 4
- Rooms
- Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3
- Pets allowed
- Yes, No
- Exterior features
- Storage
- Standard status
- Active Under Contract
- APN
- 494211061360
- Size
- 2,664 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CORAL RIDGE ISLES 45-47 B LOT 14 BLK 9
- Tax Annual Amount
- 14551
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air, Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1961
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Carpet, Terrazzo
- Building materials
- Block
- Roof type
- Shingle
- Additional Structures
- Storage
Listing Agency
RE/MAX Consultants Realty 1
(954) 767-4667
1625 SE 17 Street Causeway, Ft. Lauderdale, FL
Listed by
Julie T Streeter · License #3035668
(954) 439-0007
Added: Jul 9 Updated: Jul 16 at 1:59 am Checked: Jul 20 at 8:06 pm
MLS# B26051834
Listing URL
Copyright © 2026 BeachesMLS. 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 four-unit residential income property offers a straightforward 4-plex setup with separate electric meters for the units. Public remarks indicate new roof in 2020 and recent plumbing updates. Two of the units have substantial updates, while three units are described as having annual leases in place.
The property is located at 5821 NE 18TH Avenue in Fort Lauderdale, Florida 33334, in Broward County. The listed zoning is RMM-25.
For an investor or owner-operator seeking a manageable small-multifamily configuration, the combination of separate metering, documented exterior work (roof replacement), and ongoing lease structure on most units may be of practical interest.
The property is located at 5821 NE 18TH Avenue in Fort Lauderdale, Florida 33334, in Broward County. The listed zoning is RMM-25.
For an investor or owner-operator seeking a manageable small-multifamily configuration, the combination of separate metering, documented exterior work (roof replacement), and ongoing lease structure on most units may be of practical interest.
Key Highlights
- 4‑plex built in 1961 in east Ft. Lauderdale area
- New shingle roof in 2020
- Recent plumbing updates
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
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit income property in Broward County with separate electric meters and roof replaced in 2020.
Where is this quadplex located?
The property is located at 5821 NE 18TH Avenue 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: 4‑plex built in 1961 in east Ft. Lauderdale area; New shingle roof in 2020; Recent plumbing updates
