Fully Occupied Fourplex with 1-Bed
916 SW 8th Ave 1-4 Fort Lauderdale, FL 33315
916 SW 8th Ave 1-4, Fort Lauderdale, FL, 33315
$990,000
For Sale
$990,000
Four 1-bedroom, 1-bath units currently producing rent, with feasibility study for potential townhome conversion.
Property Size2,664 SF
Lot Size0.22 Acres
Price / SF$371.62
Days on Market35
Property Features for 916 SW 8th Ave 1-4
General Information
- Standard status
- Active
- Size
- 2,664 SF
- Lot size
- 0.22 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1958
Listing agency
EXP REALTY LLC
(954) 667-8487
Listed by
Edward Gurovich · License #3367861
(954) 667-8487
Source
Elliman
Added: Jun 18 Updated: Jul 10 at 1:58PM Checked: Jul 22 at 11:06AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This fully occupied fourplex contains four 1-bedroom, 1-bath units within a 2,664 sq ft building, set on a large 9,687 sq ft lot. The property is being marketed as a current-income residential income asset, with each unit operating under its existing rental setup. The seller acquired the property as a 1031 exchange, and preliminary architectural due diligence includes a construction survey dated 3/2026 and a feasibility review that indicates potential for two townhomes, subject to design and City permits and approval.
Located in Fort Lauderdale’s Tarpon River area, the property is positioned minutes from Downtown Fort Lauderdale, Las Olas, beaches, and the Airport. Transit, walkability, and biking context are also available through provided scores, including a BikeScore of 67 and WalkScore of 58, with a TransitScore of 47.
For investors or buyers seeking stabilized, rent-producing housing, the four 1-bedroom units offer straightforward income generation and tenant appeal. For redevelopment-minded buyers, the preliminary feasibility work outlines a possible path toward converting the site to two townhomes, but the seller notes that buyers should independently verify with the City planning and zoning departments.
Located in Fort Lauderdale’s Tarpon River area, the property is positioned minutes from Downtown Fort Lauderdale, Las Olas, beaches, and the Airport. Transit, walkability, and biking context are also available through provided scores, including a BikeScore of 67 and WalkScore of 58, with a TransitScore of 47.
For investors or buyers seeking stabilized, rent-producing housing, the four 1-bedroom units offer straightforward income generation and tenant appeal. For redevelopment-minded buyers, the preliminary feasibility work outlines a possible path toward converting the site to two townhomes, but the seller notes that buyers should independently verify with the City planning and zoning departments.
Key Highlights
- Fully occupied fourplex with four 1‑bedroom, 1‑bath units currently producing rent.
- 2,664 sq ft building area on a 9,687 sq ft lot (Year built: 1958).
- Rent potential of $1,800–$2,000 per month per unit; gross rents of $7,200–$8,000 monthly.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.1k | $25.20 |
| − Vacancy | −$3.7k | −$1.39 |
| EGI | $63.4k | $23.81 |
| − OpEx | −$19.0k | −$7.14 |
| NOI | $44.4k | $16.67 |
2,664 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$634.4K
$555.1K – $740.1K
NOI $44,408 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$571.5K
$500.0K – $666.7K
NOI $40,003 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,315 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four 1-bedroom, 1-bath units currently producing rent, with feasibility study for potential townhome conversion.
Where is this quadplex located?
The property is located at 916 SW 8th Ave 1-4 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Fully occupied fourplex with four 1‑bedroom, 1‑bath units currently producing rent.; 2,664 sq ft building area on a 9,687 sq ft lot (Year built: 1958).; Rent potential of $1,800–$2,000 per month per unit; gross rents of $7,200–$8,000 monthly.
