Renovated
632 Southwest 16th Avenue, Fort Lauderdale, FL 33312
For Sale
Contact for pricing
Four residences offer the same spacious bedroom and bath configuration, with separate electric and water meters for each unit.
Property Size4,855 SF
Price / SF$277.03
Days on Market40
Property Features for 632 Southwest 16th Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Building Details
Year Built
Construction
Listing Agency:
Franklin Street Tampa
Listed By:
Ryan Wold · License FL #3424080
(954) 312-1678
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 4:58PM
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 Franklin Street Tampa
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Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 4,855 square feet and was built in 1969. Each residence has four bedrooms and two bathrooms, and all four units have undergone renovation. The building is zoned RM-15, Residential Multifamily Low Rise/Medium Density.
PVC plumbing serves the property, and its 40-year recertification is complete. Electric and water are separately metered for each unit. Section 8 program participation is identified as a possible avenue for the property.
PVC plumbing serves the property, and its 40-year recertification is complete. Electric and water are separately metered for each unit. Section 8 program participation is identified as a possible avenue for the property.
Key Highlights
- Four units, each with 4 bedrooms and 2 bathrooms
- 4,855‑square‑foot multifamily property built in 1969
- All four residences renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,932
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,618,640
$1.6M
Cap Rate 7%
$1,156,171
$1.2M
Cap Rate 9%
$899,244
$899.2K
Market Conditions
NOI Build-Up for 4,855 SF
Gross rent
$122.3K $25.20/SF
− Vacancy
−$6.7K −$1.39/SF
EGI
$115.6K $23.81/SF
− OpEx
−$34.7K −$7.14/SF
NOI
$80.9K $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%
$1,618,640
Cap Rate 7%
$1,156,171
Cap Rate 9%
$899,244
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $80,932 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$1.04M
$911.3K – $1.22M
NOI $72,904 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$3.26M
$2.85M – $3.81M
NOI $228,379 @ 7.0% cap · market cap 16.98%
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
928
Businesses Nearby
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Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Fort Lauderdale, FL
Properties on Market for Quadplexes in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences offer the same spacious bedroom and bath configuration, with separate electric and water meters for each unit.
Where is this quadplex located?
The property is located at 632 Southwest 16th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,345,000.
What are key features of this property?
This property features: Four units, each with 4 bedrooms and 2 bathrooms; 4,855‑square‑foot multifamily property built in 1969; All four residences renovated
