Fort Lauderdale Multifamily Redevelopment
707 NE 14th St Fort Lauderdale, FL 33304
707 NE 14th St, Fort Lauderdale, FL, 33304
Contact for pricing
For Sale
Contact for pricing
Multifamily property in Fort Lauderdale's Middle River neighborhood.
Property Size12,702 SF
Price / SF$377.89
Days on Market166
Property Features for 707 NE 14th St
General Information
- Standard status
- Active
- Size
- 12,702 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1973
Listing agency
Native Realty
(954) 595-2999
Listed by
Jaime Sturgis · License #3246270
Source
Crexi
Added: Feb 6 Updated: Jul 6 at 1:31PM Checked: Jul 21 at 5:32AM
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
Investment Insights
Based on property information with market context.
This well-maintained and fully stabilized multifamily property is located in Fort Lauderdale’s Middle River neighborhood. The property is near Downtown Fort Lauderdale, Las Olas, and Flagler Village, placing it within a short distance of major employment centers and retail destinations. Ongoing urban development in the area supports long-term rental demand. The property's zoning allows for future redevelopment, adaptive reuse, or increased density. Investors can benefit from predictable in-place income while evaluating redevelopment timing in a supply-constrained neighborhood. The opportunity combines stable operating income with long-term control of a site located in a zoning district that allows for higher-intensity future development. The property size is 12702 square feet.
Key Highlights
- Prime location near Downtown Fort Lauderdale, Las Olas, and Flagler Village.
- Versatile zoning allows for future redevelopment, adaptive reuse, or increased density.
- Stable, predictable in‑place income.
Local Financial Insights For Apartment 5plus
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 | $365.8k | $28.80 |
| − Vacancy | −$19.0k | −$1.50 |
| EGI | $346.8k | $27.30 |
| − OpEx | −$156.1k | −$12.29 |
| NOI | $190.7k | $15.02 |
12,702 SF · lease $28.80/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.72M
$2.38M – $3.18M
NOI $190,737 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.54M
$7.47M – $9.96M
NOI $597,502 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Multifamily property in Fort Lauderdale's Middle River neighborhood.
Where is this multifamily property located?
The property is located at 707 NE 14th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Prime location near Downtown Fort Lauderdale, Las Olas, and Flagler Village.; Versatile zoning allows for future redevelopment, adaptive reuse, or increased density.; Stable, predictable in‑place income.
