Four-Unit Apartment Building with
5821 Northeast 18th Avenue Fort Lauderdale, FL 33334
For Sale
$989,999
Four-unit apartment building with two renovated one-bath units plus a nearly completed studio and a partially renovated unit.
Property Size2,664 SF
Price / SF$371.62
Days on Market226
Property Features for 5821 Northeast 18th Avenue
General Information
- Standard status
- Active
- Size
- 2,664 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 1967
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Jocelyn Blaylock PA · License #3207994
(954) 545-5583
Source:
Compass
Added: Dec 9, 2025
Changed: Jul 23
Last Checked: Jul 23 at 2:37PM
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 LoKation
Investment Insights
Based on property information with market context.
This four-unit apartment building offers a mix of renovated and renovation-in-progress units, including two one-bedroom units, one studio, and one two-bedroom unit. All units are configured with one bathroom. One fully renovated 2/1 includes central air, in-unit washer and dryer, and an electric fireplace (the fireplace does not convey). The studio is nearly complete, with only a bathroom update needed, while the remaining units are described as partially renovated.
The property is located at 5821 Northeast 18th Avenue in Fort Lauderdale, about two miles from the beach, offering a practical option for an owner-occupant or investor seeking a building with multiple unit configurations.
Internally, the unit mix provides flexibility across one-bedroom, studio, and two-bedroom layouts, with renovation progress varying by unit.
The property is located at 5821 Northeast 18th Avenue in Fort Lauderdale, about two miles from the beach, offering a practical option for an owner-occupant or investor seeking a building with multiple unit configurations.
Internally, the unit mix provides flexibility across one-bedroom, studio, and two-bedroom layouts, with renovation progress varying by unit.
Key Highlights
- Four‑unit apartment building (built 1967) with two one‑bedroom units, one studio, and one two‑bedroom unit
- 2/1 fully renovated unit includes central air and in‑unit washer and dryer; electric fireplace does not convey
- Studio is nearly complete, with only a bathroom update needed
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 4.49%
Second Best
Apartment 5plus
$571.5K
$500.0K – $666.7K
NOI $40,003 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,315 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit apartment building with two renovated one-bath units plus a nearly completed studio and a partially renovated unit.
Where is this quadplex located?
The property is located at 5821 Northeast 18th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $989,999.
What are key features of this property?
This property features: Four‑unit apartment building (built 1967) with two one‑bedroom units, one studio, and one two‑bedroom unit; 2/1 fully renovated unit includes central air and in‑unit washer and dryer; electric fireplace does not convey; Studio is nearly complete, with only a bathroom update needed
