Triplex with New
New
For Sale
$650,000
5880 NW 19th Ct, Lauderhill, FL 33313
Three separately metered units include central air conditioning and assigned parking.
Property Size2,442 SF
Days on Market2
Property Features for 5880 NW 19th Ct
General Information
Standard status
Active
Size
2,442 SF
Total Parking Spaces
6
Property subtype
Investment
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$13,796
Building Details
Building Size
2,442 SF
Year Built
1973
Stories
1
Listing Agency:
Pink Miami Real Estate
(954) 200-2428
Listed By:
Adva Golan · License #3312294
(954) 200-2428
Source:
Elliman
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 6:33AM
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 Pink Miami Real Estate
Investment Insights
Based on property information with market context.
Built in 1973, this triplex contains three two-bedroom, one-bath residences, each served by its own central A/C system. The roof has been replaced, and one of the air-conditioning systems is newer. Six assigned parking spaces serve the property.
Two residences are occupied by long-term Section 8 tenants. Each unit has a separate electric meter, with residents paying their own electricity while the owner covers water service. The property is located at 5880 NW 19th Ct in Lauderhill, Florida, and offers a three-unit configuration with existing tenancy and distinct utility metering.
Two residences are occupied by long-term Section 8 tenants. Each unit has a separate electric meter, with residents paying their own electricity while the owner covers water service. The property is located at 5880 NW 19th Ct in Lauderhill, Florida, and offers a three-unit configuration with existing tenancy and distinct utility metering.
Key Highlights
- Three 2‑bedroom, 1‑bath units
- NEW ROOF
- Three separate central A/C systems, including one newer unit
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
$40,708
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
6.26%
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%
$814,160
$814.2K
Cap Rate 7%
$581,543
$581.5K
Cap Rate 9%
$452,311
$452.3K
Market Conditions
NOI Build-Up for 2,442 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
$61.5K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$58.2K $23.81/SF
− OpEx
−$17.4K −$7.14/SF
NOI
$40.7K $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%
$814,160
Cap Rate 7%
$581,543
Cap Rate 9%
$452,311
Alternative Uses
Best Use
Multifamily LT 5
$581.5K
$508.9K – $678.5K
NOI $40,708 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$536.5K
$469.5K – $625.9K
NOI $37,556 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,725 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
834
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered units include central air conditioning and assigned parking.
Where is this triplex located?
The property is located at 5880 NW 19th Ct Lauderhill, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bath units; NEW ROOF; Three separate central A/C systems, including one newer unit
