Garden-Style Multifamily
For Sale
$2,508,000
701 NE 13th Ct, Fort Lauderdale, FL 33304
Two-story, 12-unit garden-style apartment building centered on a landscaped courtyard with on-site parking.
Property Size8,275 SF
Lot Size0.34 Acres
Price / SF$303.08
Days on Market209
Property Features for 701 NE 13th Ct
General Information
Standard status
Active
Size
8,275 SF
Class
C
Lot size
0.34 Acres
Property subtype
Multi-Family
Zoning
CB
Site & Location
Neighborhood
Mrtn
Additional Details
Business Included
Yes
Multifamily Units
12
Building Details
Building Size
8,275 SF
Year Built
1969
Stories
2
Units
12
Tenancy
Multi
Listing Agency:
Native Realty
Listed By:
Jaime Sturgis · License #3246270
(954) 595-2999
Source:
Commercialcafe
Added: Mar 30
Changed: Oct 18
Last Checked: Oct 24 at 1:54PM
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 Native Realty
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Investment Insights
Based on property information with market context.
This 12-unit multifamily property is a well-maintained, two-story garden-style apartment building totaling approximately 8,275 square feet on a 14,688 square foot lot. Units are arranged around a landscaped courtyard, creating a community-style outdoor setting. The tenant mix includes one studio/1-bath unit, one studio/1.5-bath unit, eight 1-bedroom/1.5-bath units, and two 2-bedroom/2-bath units. Many units have been updated with modern finishes such as tile flooring, refreshed kitchens, and renovated bathrooms.
On-site parking is available, and the layout provides efficient access to all units. The property is zoned CB (Community Business), offering flexibility for future redevelopment or alternative uses.
Positioned just north of Downtown Fort Lauderdale, the asset is also located near Flagler Village, Wilton Manors, and major transportation corridors, supporting a demand-driven rental area in an active South Florida market.
On-site parking is available, and the layout provides efficient access to all units. The property is zoned CB (Community Business), offering flexibility for future redevelopment or alternative uses.
Positioned just north of Downtown Fort Lauderdale, the asset is also located near Flagler Village, Wilton Manors, and major transportation corridors, supporting a demand-driven rental area in an active South Florida market.
Key Highlights
- 12‑unit multifamily property at 701 NE 13th Court, Fort Lauderdale (2‑story garden‑style building)
- Approx. 8,275 SF on a 14,688 SF lot with a landscaped, courtyard‑centered layout
- Unit mix: 1 studio/1BA, 1 studio/1.5BA, eight 1BR/1.5BA, and two 2BR/2BA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,260
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,485,200
$2.5M
Cap Rate 7%
$1,775,143
$1.8M
Cap Rate 9%
$1,380,667
$1.4M
Market Conditions
NOI Build-Up for 8,275 SF
Gross rent
$238.3K $28.80/SF
− Vacancy
−$12.4K −$1.50/SF
EGI
$225.9K $27.30/SF
− OpEx
−$101.7K −$12.29/SF
NOI
$124.3K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,485,200
Cap Rate 7%
$1,775,143
Cap Rate 9%
$1,380,667
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.55M – $2.07M
NOI $124,260 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.56M
$4.87M – $6.49M
NOI $389,256 @ 7.0% cap · market cap 15.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,766
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story, 12-unit garden-style apartment building centered on a landscaped courtyard with on-site parking.
Where is this apartment building located?
The property is located at 701 NE 13th Ct Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $2,508,000.
What are key features of this property?
This property features: 12‑unit multifamily property at 701 NE 13th Court, Fort Lauderdale (2‑story garden‑style building); Approx. 8,275 SF on a 14,688 SF lot with a landscaped, courtyard‑centered layout; Unit mix: 1 studio/1BA, 1 studio/1.5BA, eight 1BR/1.5BA, and two 2BR/2BA
