Four-Unit Multifamily
For Sale
Contact for pricing
730 NW 4th Avenue, Fort Lauderdale, FL 33311
Four-unit income property with three occupied units and refreshed interiors featuring updated flooring and modern kitchen finishes.
Property Size2,792 SF
Price / SF$331.30
Days on Market90
Property Features for 730 NW 4th Avenue
General Information
Standard status
Active
Size
2,792 SF
Property subtype
Multifamily
Zoning
RMM-25
Occupancy
75%
Net Operating Income
$53,176
Additional Details
Multifamily Units
4
Building Details
Year Built
1949
Units
4
Tenancy
Multi
Listing Agency:
Southern Select Realty
(561) 806-8228
Listed By:
Jennifer Vigoa · License #3484492
Source:
Crexi
Added: May 21
Changed: Aug 15
Last Checked: Aug 17 at 7:19PM
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 Southern Select Realty
Investment Insights
Based on property information with market context.
This four-unit multifamily property is configured as a quadplex, with 3 of the 4 units currently occupied. Interior updates include refreshed flooring throughout, along with modern kitchen improvements such as new cabinetry, countertops, and backsplash finishes. These upgrades support a more turnkey, tenant-ready presentation across the residential units.
The property is located in Fort Lauderdale with proximity to Flagler Village, Brightline Fort Lauderdale Station, and Las Olas Boulevard. It also sits near Downtown Fort Lauderdale and major highway access, with nearby dining, nightlife, shopping, and beaches providing everyday convenience for residents and visitors.
For investors, this asset offers the ability to begin generating income immediately based on the current occupancy, while still presenting an opportunity to continue aligning unit interiors for future leasing. For owner-occupants, the layout allows for living in one unit while collecting rent from the others. Overall, the property’s updated unit finishes and central access to key corridors make it a practical fit for buyers seeking a residential income property in an active area.
The property is located in Fort Lauderdale with proximity to Flagler Village, Brightline Fort Lauderdale Station, and Las Olas Boulevard. It also sits near Downtown Fort Lauderdale and major highway access, with nearby dining, nightlife, shopping, and beaches providing everyday convenience for residents and visitors.
For investors, this asset offers the ability to begin generating income immediately based on the current occupancy, while still presenting an opportunity to continue aligning unit interiors for future leasing. For owner-occupants, the layout allows for living in one unit while collecting rent from the others. Overall, the property’s updated unit finishes and central access to key corridors make it a practical fit for buyers seeking a residential income property in an active area.
Key Highlights
- Four‑unit multifamily property built in 1949, offering income‑producing rental potential
- 3 of 4 units are currently occupied, helping you start generating income immediately
- Refreshed interiors include updated flooring across the units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,542
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$930,840
$930.8K
Cap Rate 7%
$664,886
$664.9K
Cap Rate 9%
$517,133
$517.1K
Market Conditions
NOI Build-Up for 2,792 SF
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.
Gross rent
$70.4K $25.20/SF
− Vacancy
−$3.9K −$1.39/SF
EGI
$66.5K $23.81/SF
− OpEx
−$19.9K −$7.14/SF
NOI
$46.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$930,840
Cap Rate 7%
$664,886
Cap Rate 9%
$517,133
Alternative Uses
Best Use
Multifamily LT 5
$664.9K
$581.8K – $775.7K
NOI $46,542 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$598.9K
$524.1K – $698.8K
NOI $41,926 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,336 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,050
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit income property with three occupied units and refreshed interiors featuring updated flooring and modern kitchen finishes.
Where is this quadplex located?
The property is located at 730 NW 4th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1949, offering income‑producing rental potential; 3 of 4 units are currently occupied, helping you start generating income immediately; Refreshed interiors include updated flooring across the units
