Three-Unit Triplex Residential
633 NW 15TH Terrace Fort Lauderdale, FL 33311
New
For Sale
$550,000
MULTI_FAMILY - Fort Lauderdale, FL
Property Size1,632 SF
Lot Size0.10 Acres
Price / SF$337.01
Days on Market4
Property Features for 633 NW 15TH Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- RC-15
- Bedrooms
- 3
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 2
- 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), Window Unit(s), Electric
- Water source
- Public
Building Details
- Year built
- 1959
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Laminate, Tile
- Building materials
- Block, CBS, Stucco
- Roof type
- Rolled Hot Mop, Built-Up
Listing Agency:
Brookfield Executive Real Esta
(954) 951-9344
Listed By:
Devin M Ruiz · License #3318029
(954) 429-5649
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 25 at 4:06PM
MLS# B26055393
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 offers three identical residential units, each configured as a one-bedroom and one-bath layout with an additional den. The property presents a straightforward, easy-to-manage income format with consistent unit design across all three homes.
Located in Fort Lauderdale, the listing notes convenient proximity to a hospital and city transportation.
The property is zoned RC-15 and sits on a 0.1-acre lot. Each unit’s matching layout can simplify leasing and maintenance, with the den providing extra functional space within the existing footprint.
Located in Fort Lauderdale, the listing notes convenient proximity to a hospital and city transportation.
The property is zoned RC-15 and sits on a 0.1-acre lot. Each unit’s matching layout can simplify leasing and maintenance, with the den providing extra functional space within the existing footprint.
Key Highlights
- Triplex built in 1959 with 3 identical unit layouts
- Three 1‑bedroom, 1‑bath units, each with an additional den
- Block (CBS) and stucco exterior construction with tile and laminate flooring
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 4.95%
Second Best
Apartment 5plus
$350.1K
$306.3K – $408.5K
NOI $24,507 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$1.10M
$959.6K – $1.28M
NOI $76,769 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with three one-bedroom, one-bath units, each featuring an additional den and identical layouts.
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 $550,000.
What are key features of this property?
This property features: Triplex built in 1959 with 3 identical unit layouts; Three 1‑bedroom, 1‑bath units, each with an additional den; Block (CBS) and stucco exterior construction with tile and laminate flooring
