Multifamily Apartment Building with Impact
For Sale
$899,900
812 Northeast 15th Avenue, Fort Lauderdale, FL 33304
Five-unit property with impact windows, patios, and on-site laundry, positioned for owner-occupant use or redevelopment.
Property Size2,547 SF
Price / SF$353.32
Days on Market258
Property Features for 812 Northeast 15th Avenue
General Information
Standard status
Active
Size
2,547 SF
Property subtype
Residential Income / Quadruplex
Taxes and HOA fees
Annual Taxes
$19,289
Amenities
No
Wall/Window Unit(s)
Separate Meters, Window/Wall, None
1.0
Tile
1
4
Patio
CBS
Composition, Shingle
Fenced
Outbuilding
Laundry
Yes
High Impact Windows
Building Details
Year Built
1971
Listing Agency:
Campbell&Rosemurgy Real Estate
Listed By:
Patricia A Karlin · License #0497372
(954) 675-2003
Source:
Compass
Added: Feb 5
Changed: Oct 14
Last Checked: Oct 20 at 11:36PM
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 Campbell&Rosemurgy Real Estate
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Investment Insights
Based on property information with market context.
This 5-unit multifamily property features two separate buildings on one lot. The west building contains two-bedroom/one-bath and one-bedroom/one-bath units. The east building includes two large efficiency units and a studio that is currently vacant; the studio has a kitchenette, as well as a bathroom with a shower. Several patios are available for resident use, and a washer and dryer are located on the premises. All units have impact windows, and the property is served by five electric meters.
The buildings are located in Victoria Park at 812 NE 15 Avenue in Fort Lauderdale, Florida. Vehicle and access details are not provided in the information available. The property sits on a 50 by 135 lot, and a survey is noted as attached.
This offering can fit an owner-occupant who wants rental income while living on-site, or it may appeal to buyers evaluating a rebuild or redevelopment plan. With all leases scheduled to end 12/31/26, the current operating schedule is defined. The presence of a vacant studio also provides an immediate unit status difference for prospective operators.
The buildings are located in Victoria Park at 812 NE 15 Avenue in Fort Lauderdale, Florida. Vehicle and access details are not provided in the information available. The property sits on a 50 by 135 lot, and a survey is noted as attached.
This offering can fit an owner-occupant who wants rental income while living on-site, or it may appeal to buyers evaluating a rebuild or redevelopment plan. With all leases scheduled to end 12/31/26, the current operating schedule is defined. The presence of a vacant studio also provides an immediate unit status difference for prospective operators.
Key Highlights
- 5‑unit property built in 1971 in Victoria Park
- Unit mix: west building has 2BR/1BA and 1BR/1BA; east building has two large efficiencies and one studio with kitchenette, bathroom, and shower (vacant)
- All units have impact windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,247
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,940
$764.9K
Cap Rate 7%
$546,386
$546.4K
Cap Rate 9%
$424,967
$425.0K
Market Conditions
NOI Build-Up for 2,547 SF
Gross rent
$73.4K $28.80/SF
− Vacancy
−$3.8K −$1.50/SF
EGI
$69.5K $27.30/SF
− OpEx
−$31.3K −$12.29/SF
NOI
$38.2K $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%
$764,940
Cap Rate 7%
$546,386
Cap Rate 9%
$424,967
Alternative Uses
Best Use
Apartment 5plus
$546.4K
$478.1K – $637.5K
NOI $38,247 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,811 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,763
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 - Five-unit property with impact windows, patios, and on-site laundry, positioned for owner-occupant use or redevelopment.
Where is this apartment building located?
The property is located at 812 Northeast 15th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 5‑unit property built in 1971 in Victoria Park; Unit mix: west building has 2BR/1BA and 1BR/1BA; east building has two large efficiencies and one studio with kitchenette, bathroom, and shower (vacant); All units have impact windows
