Updated Four-Unit
For Sale
$1,500,000
7701 NW 56TH Avenue, Fort Lauderdale, FL 33073
Residential Income, Fort Lauderdale, FL
Property Size3,220 SF
Lot Size0.20 Acres
Price / SF$465.84
Days on Market54
Property Features for 7701 NW 56TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM-10
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 3
Patio and Porch features
Patio
Pets allowed
No, Yes
Fencing
Privacy, Fenced
Subdivision
HILLSBORO PINES SEC
Elementary school
Tradewinds
Middle school
Lyons Creek
High school
Monarch
Directions
From S: Hillsboro to 441 N R on 76th Pl 76th place turns into 56 Way and into 77th Ct. Make 1st R on 56th Ave. Bldg 3rd on the R. From N: Palmetto or 18th St to 441 S,R on 76th Pl into 56 Way & into 77th Ct. Make 1st R on 56th Ave. Bldg 3rd on the R
Standard status
Active
APN
474231020140
Size
3,220 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HILLSBORO PINES SEC A 42-22 B LOT 15 BLK 3
Tax Annual Amount
13296
Legal Description
HILLSBORO PINES SEC A 42-22 B LOT 15 BLK 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1977
Floors in Building
1
Number of units
4
Flooring type
Tile - Ceramic, Vinyl
Building materials
CBS
Roof type
Shingle, Composition
Listing Agency:
The Keyes Company
(954) 467-0105
Listed By:
Charles Leslie Waites · License #3087729
(954) 687-5160
Added: Aug 24
Changed: Oct 11
Last Checked: Oct 16 at 2:06AM
MLS# B26068790
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 3,220-square-foot quadplex contains four residential units on a 0.2-acre lot. Interior improvements vary by unit and include renovated kitchens, updated baths, fresh paint and millwork, ceramic tile, waterproof luxury vinyl, newer water heaters, and 2020 A/C units. Building-wide improvements include a new composition shingle roof, impact windows and doors, updated electrical panels, PVC piping, privacy fencing, pavers, and landscaped grounds. Construction is CBS, with central heating and cooling, a patio, public water, and public sewer.
The property is tenant occupied, and showings require 24–48 hours' notice coordinated through the listing agent. The landlord pays water and electricity for Units 2 and 4, with electric usage billed through submetering. RM-10 zoning is in place, and the property is near shopping, dining, Florida's Turnpike, and Sawgrass Expressway.
The property is tenant occupied, and showings require 24–48 hours' notice coordinated through the listing agent. The landlord pays water and electricity for Units 2 and 4, with electric usage billed through submetering. RM-10 zoning is in place, and the property is near shopping, dining, Florida's Turnpike, and Sawgrass Expressway.
Key Highlights
- Four‑unit quadplex with 3,220 square feet on a 0.2‑acre lot
- 2020 A/C units in Units 1 and 3
- New roof, impact windows and doors, updated electrical panels, and PVC piping
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,677
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,073,540
$1.1M
Cap Rate 7%
$766,814
$766.8K
Cap Rate 9%
$596,411
$596.4K
Market Conditions
NOI Build-Up for 3,220 SF
Gross rent
$81.1K $25.20/SF
− Vacancy
−$4.5K −$1.39/SF
EGI
$76.7K $23.81/SF
− OpEx
−$23.0K −$7.14/SF
NOI
$53.7K $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 Rate 5%
$1,073,540
Cap Rate 7%
$766,814
Cap Rate 9%
$596,411
Alternative Uses
Best Use
Multifamily LT 5
$766.8K
$671.0K – $894.6K
NOI $53,677 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$690.8K
$604.4K – $805.9K
NOI $48,353 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,469 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,115
Businesses Nearby
Explore this area
Business Placement
Demographics for 33073, FL
32,853
Population
12,708
Households
2.6
Avg Household Size
38
Median Age
38%
College-Educated
93%
High-School Grad
8.1 sq mi
ZIP Area
4,056
Density / Sq Mi
$99,269
Median Household Income
$50,754
Median Earnings
$2,193
Median Rent
$453,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Tenant-occupied property with refreshed interiors, impact openings, public utilities, and RM-10 zoning.
Where is this quadplex located?
The property is located at 7701 NW 56TH Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,220 square feet on a 0.2‑acre lot; 2020 A/C units in Units 1 and 3; New roof, impact windows and doors, updated electrical panels, and PVC piping
