Occupied Fourplex with
For Sale
$990,000
916 SW 8th Avenue, Fort Lauderdale, FL 33315
Residential Income, Fort Lauderdale, FL
Property Size2,662 SF
Lot Size0.22 Acres
Price / SF$371.90
Days on Market85
Property Features for 916 SW 8th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RD-15
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 4
Patio and Porch features
Patio, Deck
Pets allowed
Yes
Exterior features
Courtyard, Barbecue, Garden, Storage
Fencing
Fenced, Gate
Subdivision
CROISSANT PARK RIVER SEC
Elementary school
Croissant Park
Middle school
New River
High school
Stranahan
Standard status
Active
APN
504215190270
Size
2,662 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CROISSANT PARK RIVER SEC 7-50 B LAUDERDALE 2-9 D LOT 14,15 LESS E 30 BLK 10 OF 7-50B & LOT 13 BLK 10 OF 2-9 D
Tax Annual Amount
16616
Legal Description
CROISSANT PARK RIVER SEC 7-50 B LAUDERDALE 2-9 D LOT 14,15 LESS E 30 BLK 10 OF 7-50B & LOT 13 BLK 10 OF 2-9 D
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Number of units
4
Flooring type
Wood, Vinyl, Tile
Building materials
Brick, Stone, Stucco
Roof type
Shingle
Additional Structures
Storage, Gazebo
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Edward Gurovich · License #3367861
(954) 667-8487
Added: Jun 16
Changed: Sep 8
Last Checked: Sep 8 at 8:06PM
MLS# B26041790
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.
Investment Insights
Based on property information with market context.
This 1958 fourplex contains four one-bedroom, one-bath residences within a 9,687-square-foot lot. The property is fully occupied and includes a courtyard, garden, barbecue area, storage, patio, deck, fencing, and gated access. Construction includes brick, stone, and stucco elements, while interior finishes include tile, wood, and vinyl flooring. Cooling is provided by wall or window units and ceiling fans.
The property is located in Fort Lauderdale’s Tarpon River neighborhood, with Downtown Fort Lauderdale, Las Olas, area beaches, and the airport described as minutes away. Public water and public sewer serve the property, and cable service is available. Preliminary architectural work, including a construction survey dated 3/2026 and a feasibility review, identified a possible two-townhome concept subject to design, permitting, and city approval.
The property is located in Fort Lauderdale’s Tarpon River neighborhood, with Downtown Fort Lauderdale, Las Olas, area beaches, and the airport described as minutes away. Public water and public sewer serve the property, and cable service is available. Preliminary architectural work, including a construction survey dated 3/2026 and a feasibility review, identified a possible two-townhome concept subject to design, permitting, and city approval.
Key Highlights
- Fully occupied fourplex with four 1‑bedroom / 1‑bath units
- 2,664 sq ft building area on a 9,687 sq ft lot
- 0.22‑acre property in Fort Lauderdale’s Tarpon River neighborhood
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
$44,375
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
4.48%
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%
$887,500
$887.5K
Cap Rate 7%
$633,929
$633.9K
Cap Rate 9%
$493,056
$493.1K
Market Conditions
NOI Build-Up for 2,662 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
$67.1K $25.20/SF
− Vacancy
−$3.7K −$1.39/SF
EGI
$63.4K $23.81/SF
− OpEx
−$19.0K −$7.14/SF
NOI
$44.4K $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%
$887,500
Cap Rate 7%
$633,929
Cap Rate 9%
$493,056
Alternative Uses
Best Use
Multifamily LT 5
$633.9K
$554.7K – $739.6K
NOI $44,375 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$571.0K
$499.7K – $666.2K
NOI $39,973 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,220 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,945
Businesses Nearby
Explore this area
Business Placement
Demographics for 33315, FL
13,555
Population
6,991
Households
1.9
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
2,558
Density / Sq Mi
$90,760
Median Household Income
$43,815
Median Earnings
$1,789
Median Rent
$492,400
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 - Fully leased four-unit property with private outdoor areas, storage, and public water and sewer service.
Where is this quadplex located?
The property is located at 916 SW 8th Avenue 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; 2,664 sq ft building area on a 9,687 sq ft lot; 0.22‑acre property in Fort Lauderdale’s Tarpon River neighborhood
