Nine-Unit Apartment
For Sale
$3,709,000
637 NE 4th Ave, Fort Lauderdale, FL 33304
MULTI_FAMILY - Fort Lauderdale, FL
Property SizeContact for details
Lot Size0.16 Acres
Days on Market39
Property Features for 637 NE 4th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
RAC-UV
Parking features
Garage, Covered
Directions
Follow GPS.
Subdivision
3810
Standard status
Active
APN
494234075390
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PROGRESSO 2-18 D LOT 4,5 BLK 316
Tax Annual Amount
54940
Legal Description
PROGRESSO 2-18 D LOT 4,5 BLK 316
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
3
Number of units
9
Flooring type
Concrete, Laminate, Vinyl
Building materials
Block
Listing Agency:
Lokation
(954) 545-5583
Listed By:
Tingjun Lei · License #3582986
(786) 683-5367
Added: Jun 30
Changed: Aug 3
Last Checked: Aug 7 at 5:06AM
MLS# A11922150
Copyright © 2026 Miami REALTORS®. 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 nine-unit apartment building is constructed with block materials and features central air cooling with electric heating. The property is served by public water and public sewer, with covered parking and a garage provided on site. Flooring includes concrete, laminate, and vinyl.
The property is currently operated as a short-term rental (Airbnb). Reported operating performance includes 81% occupancy, 1,000+ five-star reviews, and a 4.8 host rating. The listing also notes a 6% cap rate based on current short-term rental operations, with an additional option described to convert to traditional long-term rentals.
If used for conventional rentals, the seller’s materials reference a 5%+ cap rate with “minimal effort,” while preserving the option to operate short-term rentals. The listing indicates furniture, fixtures, and improvements are included with the sale.
The property is currently operated as a short-term rental (Airbnb). Reported operating performance includes 81% occupancy, 1,000+ five-star reviews, and a 4.8 host rating. The listing also notes a 6% cap rate based on current short-term rental operations, with an additional option described to convert to traditional long-term rentals.
If used for conventional rentals, the seller’s materials reference a 5%+ cap rate with “minimal effort,” while preserving the option to operate short-term rentals. The listing indicates furniture, fixtures, and improvements are included with the sale.
Key Highlights
- Nine‑unit apartment building currently operated as an Airbnb
- 81% occupancy reported with 1,000+ five‑star reviews and 4.8 host rating
- 6% cap rate based on current short‑term rental operations
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
81%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5,287
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Block-built apartment property with central A/C and public water and sewer, currently operated as an Airbnb.
Where is this apartment building located?
The property is located at 637 NE 4th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $3,709,000.
What are key features of this property?
This property features: Nine‑unit apartment building currently operated as an Airbnb; 81% occupancy reported with 1,000+ five‑star reviews and 4.8 host rating; 6% cap rate based on current short‑term rental operations
