Four-Unit
For Sale
$990,000
916 SW 8th Avenue # 4 Unit 1-4, Fort Lauderdale, FL 33315
Fully occupied fourplex with four one-bedroom, one-bath residences near Downtown Fort Lauderdale.
Property Size2,662 SF
Days on Market78
Property Features for 916 SW 8th Avenue # 4 Unit 1-4
General Information
Standard status
Active
Size
2,662 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$16,616
Building Details
Building Size
2,662 SF
Year Built
1958
Listing Agency:
EXP Realty LLC
(954) 856-6397
Listed By:
Edward Gurovich · License #3367861
Source:
Relinkre
Added: Jun 16
Changed: Aug 31
Last Checked: Aug 30 at 9:38PM
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 1958 quadplex contains 2,664 square feet of building area on a 9,687-square-foot lot. The property is fully occupied and configured as four one-bedroom, one-bath units, providing a straightforward residential income arrangement within a single asset.
Located in Fort Lauderdale’s Tarpon River neighborhood, the property is minutes from Downtown Fort Lauderdale, Las Olas, area beaches, and the airport. Preliminary architectural due diligence includes a construction survey dated 3/2026 and a feasibility review indicating potential for two townhomes, subject to design requirements and City permits or approval. Buyers should independently verify development considerations with the applicable planning and zoning departments.
Located in Fort Lauderdale’s Tarpon River neighborhood, the property is minutes from Downtown Fort Lauderdale, Las Olas, area beaches, and the airport. Preliminary architectural due diligence includes a construction survey dated 3/2026 and a feasibility review indicating potential for two townhomes, subject to design requirements and City permits or approval. Buyers should independently verify development considerations with the applicable planning and zoning departments.
Key Highlights
- Four‑unit quadplex with four 1‑bedroom / 1‑bath units
- 2,664 sq ft of building area
- 9,687 sq ft lot
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
Current Use
Location Intelligence
Trade Area within ½ mile
6,108
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied fourplex with four one-bedroom, one-bath residences near Downtown Fort Lauderdale.
Where is this quadplex located?
The property is located at 916 SW 8th Avenue # 4 Unit 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: Four‑unit quadplex with four 1‑bedroom / 1‑bath units; 2,664 sq ft of building area; 9,687 sq ft lot
