Fully Occupied Fourplex with 1-Bed
916 SW 8th Avenue 1-4, Fort Lauderdale, FL 33315
For Sale
$990,000
Pending
Four 1-bedroom, 1-bath units currently producing rent, with feasibility study for potential townhome conversion.
Property Size2,662 SF
Lot Size0.22 Acres
Days on Market152
Property Features for 916 SW 8th Avenue 1-4
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s), Wall/Window Unit(s)
Wall Furnace
Back Yard, Fenced, Gate
Barbecue, Courtyard, Garden, Storage, Uncovered Courtyard
Building Details
Building Size
Year Built
Stories
Listing Agency:
EXP REALTY LLC
Listed By:
Edward Gurovich · License FL #3367861
(954) 667-8487
Source:
Evrealestate
Added: Jun 16
Changed: Oct 29
Last Checked: Nov 12 at 7:42AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,375
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
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
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 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.
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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
$492,400
Median Home Value
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Market
Average Price Trend$/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 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 Avenue 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.
