Updated 4-Unit
New
For Sale
$1,150,000
631 NE 17th Way, Fort Lauderdale, FL 33304
Residential Income, Fort Lauderdale, FL
Property Size2,515 SF
Lot Size0.15 Acres
Price / SF$457.26
Days on Market2
Property Features for 631 NE 17th Way
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RC-15
Bedrooms
2
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 3
Patio and Porch features
Patio
Pets allowed
Yes
Subdivision
VICTORIA PARK CORR AMEN PLAT
Elementary school
Harbordale
Middle school
Sunrise
High school
Fort Lauderdale
Directions
East on NE 6th Street to NE 17th Way, to property or South on 17th Way from Sunrise.
Standard status
Active
APN
504202152441
Size
2,515 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VICTORIA PARK CORR AMEN PLAT 10-66 B LOT 6 BLK 18
Tax Annual Amount
19323
Legal Description
VICTORIA PARK CORR AMEN PLAT 10-66 B LOT 6 BLK 18
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1951
Floors in Building
1
Number of units
4
Flooring type
Tile - Ceramic
Building materials
CBS
Roof type
Shingle
Listing Agency:
Bass Realty and Investments,
(954) 525-2069
Listed By:
Brett Bass · License #3008684
(954) 253-8221
Added: Oct 27
Changed: Oct 28
Last Checked: Oct 28 at 6:06PM
MLS# B26093704
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.
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Investment Insights
Based on property information with market context.
This Fort Lauderdale quadplex contains 2,515 square feet on a 0.15-acre parcel. Built in 1951, the building has CBS construction, ceramic tile flooring, central heating and central air conditioning. A patio provides outdoor space. The roof is shingle, and improvements include a newer roof along with impact-rated windows and doors.
The property is zoned RC-15 and has public water and public sewer service. Cable is available. Its four-bedroom and four-bathroom room count is reflected in the listing information.
The property is zoned RC-15 and has public water and public sewer service. Cable is available. Its four-bedroom and four-bathroom room count is reflected in the listing information.
Key Highlights
- Four‑unit quadplex with 2,515 square feet of building area
- 0.15‑acre parcel in Fort Lauderdale
- RC‑15 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,925
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,500
$838.5K
Cap Rate 7%
$598,929
$598.9K
Cap Rate 9%
$465,833
$465.8K
Market Conditions
NOI Build-Up for 2,515 SF
Gross rent
$63.4K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$59.9K $23.81/SF
− OpEx
−$18.0K −$7.14/SF
NOI
$41.9K $16.67/SF
Area
Fort Lauderdale, 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 Rate 5%
$838,500
Cap Rate 7%
$598,929
Cap Rate 9%
$465,833
Alternative Uses
Best Use
Multifamily LT 5
$598.9K
$524.1K – $698.8K
NOI $41,925 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$539.5K
$472.1K – $629.4K
NOI $37,766 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,306 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,489
Businesses Nearby
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Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The property combines central heating and air conditioning with a private patio and public water and sewer service.
Where is this quadplex located?
The property is located at 631 NE 17th Way Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four‑unit quadplex with 2,515 square feet of building area; 0.15‑acre parcel in Fort Lauderdale; RC‑15 zoning
