4-Unit Multifamily
For Sale
$520,000
635 NW 22ND Road, Fort Lauderdale, FL 33311
Residential Income, Fort Lauderdale, FL
Property Size1,810 SF
Lot Size0.09 Acres
Price / SF$287.29
Days on Market14
Property Features for 635 NW 22ND Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
CB
Bedrooms
3
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 3
Pets allowed
No, Yes
Subdivision
WASHINGTON PARK
Special listing conditions
In Foreclosure, Real Estate Owned
Standard status
Active
APN
504205010540
Size
1,810 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WASHINGTON PARK 19-22 B LOT 2 BLK 3
Tax Annual Amount
12416
Legal Description
WASHINGTON PARK 19-22 B LOT 2 BLK 3
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1967
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
Block, CBS
Roof type
Tile, Shingle
Listing Agency:
Fidelity Realty Advisors Inc
(561) 336-5863
Listed By:
Jack R Watlington · License #3139881
(561) 222-6331
Added: Oct 6
Changed: Oct 18
Last Checked: Oct 19 at 9:06AM
MLS# B26085647
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 1,810-square-foot multifamily property contains four residences: one two-bedroom, one-bathroom apartment with separate living and kitchen areas, plus three studio-style units with open living and sleeping areas, kitchens, and private bathrooms. Each unit has its own water heater. The property is currently vacant and zoned CB, with 0.09 acres of land.
Property improvements include a roof permitted in 2022, a paved parking area completed in 2019, and select impact windows and doors installed in 2016. Public water and sewer serve the property. Sunrise Boulevard and I-95 are nearby, with access to Downtown Fort Lauderdale and other Broward County destinations.
Property improvements include a roof permitted in 2022, a paved parking area completed in 2019, and select impact windows and doors installed in 2016. Public water and sewer serve the property. Sunrise Boulevard and I-95 are nearby, with access to Downtown Fort Lauderdale and other Broward County destinations.
Key Highlights
- Four residences: one 2‑bedroom/1‑bath unit and three studio‑style units
- 1,810 square feet on 0.09 acres
- All four units are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,172
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,440
$603.4K
Cap Rate 7%
$431,029
$431.0K
Cap Rate 9%
$335,244
$335.2K
Market Conditions
NOI Build-Up for 1,810 SF
Gross rent
$45.6K $25.20/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$43.1K $23.81/SF
− OpEx
−$12.9K −$7.14/SF
NOI
$30.2K $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%
$603,440
Cap Rate 7%
$431,029
Cap Rate 9%
$335,244
Alternative Uses
Best Use
Multifamily LT 5
$431.0K
$377.2K – $502.9K
NOI $30,172 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$388.3K
$339.8K – $453.0K
NOI $27,180 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,142 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Unit mix includes a two-bedroom apartment and three studio-style residences, with all units vacant.
Where is this quadplex located?
The property is located at 635 NW 22ND Road Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Four residences: one 2‑bedroom/1‑bath unit and three studio‑style units; 1,810 square feet on 0.09 acres; All four units are vacant
