Building Details

Building Size 2,662 SF

Year Built 1958

Listing Agency: EXP Realty LLC

Listed By: Edward Gurovich · License #3367861 Show Phone

Source: Relinkre

Added: Jun 16 Changed: Oct 13 Last Checked: Oct 15 at 7:22AM

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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 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.

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 / 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

Is this asking price fair?

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 (±1% cap)

NOI $44,375 @ 7.0% cap · market cap 4.48%

Second Best

Apartment 5plus

$571.0K

$499.7K – $666.2K (±1% cap)

NOI $39,973 @ 7.0% cap · market cap 4.04%

Theoretical Best

Office A

$1.79M

$1.57M – $2.09M (±1% cap)

NOI $125,220 @ 7.0% cap · market cap 12.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Carpet & Flooring Store Tanning Salon Buffet Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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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