Five-Unit Apartment
713 SE 18TH Street, Fort Lauderdale, FL
For Sale
New
$945,000
Commercial Sale, Fort Lauderdale, FL
Property Size2,458 SF
Lot Size0.14 Acres
Price / SF$384.46
Days on Market3
Property Features for 713 SE 18TH Street
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Jay M Zina · License FL #3272863
(413) 896-5446
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 1:06AM
MLS# B26099571
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 2,458-square-foot apartment property contains five residences: four one-bedroom, one-bathroom apartments and a separate rear studio with a full kitchen. Built in 1974, the building has CBS construction, tile flooring, central heating and cooling, and a shingle roof. The 0.14-acre parcel is zoned RMM-25. Public water and sewer serve the property, and cable is available. Parking is assigned.
The property is in Fort Lauderdale, with access to Fort Lauderdale Beach, shopping, restaurants, the airport, and major highways. An existing property survey is available.
The property is in Fort Lauderdale, with access to Fort Lauderdale Beach, shopping, restaurants, the airport, and major highways. An existing property survey is available.
Key Highlights
- Five residences: four 1‑bedroom/1‑bathroom apartments and a rear studio with a full kitchen
- 2,458 square feet on a 0.14‑acre parcel
- RMM‑25 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,910
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,200
$738.2K
Cap Rate 7%
$527,286
$527.3K
Cap Rate 9%
$410,111
$410.1K
Market Conditions
NOI Build-Up for 2,458 SF
Gross rent
$70.8K $28.80/SF
− Vacancy
−$3.7K −$1.50/SF
EGI
$67.1K $27.30/SF
− OpEx
−$30.2K −$12.29/SF
NOI
$36.9K $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%
$738,200
Cap Rate 7%
$527,286
Cap Rate 9%
$410,111
Alternative Uses
Best Use
Apartment 5plus
$527.3K
$461.4K – $615.2K
NOI $36,910 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,624 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
4,176
Businesses Nearby
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Market
Average Price Trend$/SF for Apartment buildings in Fort Lauderdale, FL
Properties on Market for Apartment buildings in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Four one-bedroom residences and a separate studio with a full kitchen provide a varied mix of apartment layouts.
Where is this apartment building located?
The property is located at 713 SE 18TH Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Five residences: four 1‑bedroom/1‑bathroom apartments and a rear studio with a full kitchen; 2,458 square feet on a 0.14‑acre parcel; RMM‑25 zoning
