Triplex with Three Den
633 NW 15th Terrace Fort Lauderdale, FL 33311
633 NW 15th Terrace, Fort Lauderdale, FL, 33311
$575,000
For Sale
$575,000
MULTI_FAMILY - Fort Lauderdale, FL
Property Size1,632 SF
Lot Size0.10 Acres
Price / SF$352.33
Days on Market59
Property Features for 633 NW 15th Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RC-15
- Bedrooms
- 3
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 3
- Patio and Porch features
- Patio
- Standard status
- Active
- APN
- 504204230230
- Size
- 1,632 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- DORSEY PARK 19-5 B LOT 24 BLK 2
- Tax Annual Amount
- 9125
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Ceiling Fan(s), Wall/Window Unit(s), Electric, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1959
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Tile, Laminate
- Building materials
- Block, CBS, Stucco
- Roof type
- Built-Up, Rolled Hot Mop
Listing Agency
Brookfield Executive Real Esta
(954) 951-9344
200 S Federal Hwy, Suite 507, FORT LAUDERDALE, FL
Listed by
Devin M Ruiz · License #3318029
(954) 429-5649
Added: May 20 Checked: Jul 17 at 3:06 am
MLS# B26030789
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 triplex features three separate one-bedroom, one-bath units, each with an additional den. The units share identical layouts, creating consistency for leasing and operations. The property is described as straightforward to maintain, supporting a low-effort landlord setup.
The building is located in Fort Lauderdale, Broward County, and is zoned RC-15. The seller notes the area is close to a hospital and city transportation, which can be a practical convenience factor for tenants seeking accessible services and commuting options.
From a tenant or owner-occupant standpoint, the additional den in each unit broadens usability beyond a standard one-bedroom configuration. For buyers, the layout supports strategies such as living in one unit while renting the other two, with each home having the same layout to simplify management. The property size is listed as 1,632 square feet, and the lot size is listed at 0.1 acres. This offering is presented as a residential income property for those seeking a small, self-contained multifamily asset.
The building is located in Fort Lauderdale, Broward County, and is zoned RC-15. The seller notes the area is close to a hospital and city transportation, which can be a practical convenience factor for tenants seeking accessible services and commuting options.
From a tenant or owner-occupant standpoint, the additional den in each unit broadens usability beyond a standard one-bedroom configuration. For buyers, the layout supports strategies such as living in one unit while renting the other two, with each home having the same layout to simplify management. The property size is listed as 1,632 square feet, and the lot size is listed at 0.1 acres. This offering is presented as a residential income property for those seeking a small, self-contained multifamily asset.
Key Highlights
- 1959‑built triplex with block/CBS and stucco construction and built‑up/rolled hot mop roof
- 3 units total: each unit has 1 bedroom, 1 bathroom, and an additional den
- Laminate and tile flooring throughout
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 | $41.1k | $25.20 |
| − Vacancy | −$2.3k | −$1.39 |
| EGI | $38.9k | $23.81 |
| − OpEx | −$11.7k | −$7.14 |
| NOI | $27.2k | $16.67 |
1,632 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$388.6K
$340.1K – $453.4K
NOI $27,205 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$350.1K
$306.3K – $408.5K
NOI $24,507 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$1.10M
$959.6K – $1.28M
NOI $76,769 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Triplex with three identical one-bedroom, one-bath layouts plus den space for additional rental flexibility.
Where is this triplex located?
The property is located at 633 NW 15th Terrace Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1959‑built triplex with block/CBS and stucco construction and built‑up/rolled hot mop roof; 3 units total: each unit has 1 bedroom, 1 bathroom, and an additional den; Laminate and tile flooring throughout
