Two-Story
912 SW 15th Terrace #1-4, Fort Lauderdale, FL 33312
For Sale
$1,300,000
Four residential units are arranged within a two-story multifamily building.
Property Size3,731 SF
Price / SF$348.43
Days on Market49
Property Features for 912 SW 15th Terrace #1-4
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
First Florida Real Estate Corp
Listed By:
McAllen Jules · License FL #3295297
(954) 235-0628
Source:
Laerrealty
Added: Sep 22
Changed: Oct 25
Last Checked: Nov 8 at 3:01AM
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 First Florida Real Estate Corp
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story quadplex contains four residential units within 3,731 square feet of finished space. Built in 1971, the property is configured as a single multifamily asset with multiple units under one roof.
The property is located at 912 SW 15th Terrace, #1-4, in Fort Lauderdale’s Riverside No 3 subdivision. RM-15 zoning is identified for the site.
The property is located at 912 SW 15th Terrace, #1-4, in Fort Lauderdale’s Riverside No 3 subdivision. RM-15 zoning is identified for the site.
Key Highlights
- Four‑unit residential configuration
- 3,731 square feet of finished space
- Two‑story multifamily building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,195
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,243,900
$1.2M
Cap Rate 7%
$888,500
$888.5K
Cap Rate 9%
$691,056
$691.1K
Market Conditions
NOI Build-Up for 3,731 SF
Gross rent
$94.0K $25.20/SF
− Vacancy
−$5.2K −$1.39/SF
EGI
$88.9K $23.81/SF
− OpEx
−$26.7K −$7.14/SF
NOI
$62.2K $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%
$1,243,900
Cap Rate 7%
$888,500
Cap Rate 9%
$691,056
Alternative Uses
Best Use
Multifamily LT 5
$888.5K
$777.4K – $1.04M
NOI $62,195 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$800.4K
$700.3K – $933.8K
NOI $56,026 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$2.51M
$2.19M – $2.93M
NOI $175,506 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
Explore this area
Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Fort Lauderdale, FL
Properties on Market for Quadplexes in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units are arranged within a two-story multifamily building.
Where is this quadplex located?
The property is located at 912 SW 15th Terrace #1-4 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit residential configuration; 3,731 square feet of finished space; Two‑story multifamily building
