$825,000
535 NW 13th Ave, Fort Lauderdale FL 33311
74 days on market
- Living area
- 2,334 sqft
- Price per sqft
- $353
- Type
- Quadruplex
- Year built
- 1978
- Taxes
- $7,241/yr
- MLS #
- A12073375
About this home
533 & 535 NW 13th Avenue is a 4-unit multifamily investment in Fort Lauderdale's 33311 submarket, comprised of two side-by-side duplexes on two separate folios. All four units are updated 2BR/1BA apartments with central A/C, updated kitchens and bathrooms, and the property includes six parking spaces. Three units are currently occupied with one vacancy, offering immediate upside from lease-up plus room to raise existing rents to market. At the $825,000 asking price ($206,250/unit), current NOI is $31,600 for a 3.83% cap rate. Bringing all units to market rent of approximately $1,800/unit would grow annual income to $86,400 and NOI to $61,600, a 7.47% cap rate. Convenient access to major roadways, shopping, dining, and employment adds further appeal for investors and tenants alike.
Estimated subtotal
$603/mo
- Principal and interestThe current market rate is not available right now. Enter the rate your lender quoted.
- Not included
- Property taxMLS 2025 annual tax, shown monthly
- $603
- HOANot in the MLS record
- Not included
The current market rate is not available right now. Enter the rate your lender quoted.
Estimate. Jumbo and investor loans are often priced differently; verify with your lender. Property tax is the seller's current bill and may be reassessed after purchase. Items marked Not included are not in this total.
Is this the right price?
We send written comps, the full cost of owning it and an offer strategy before you tour or offer.
The neighborhood
Fort Lauderdale, 33311
What to check here
Compare coastal condo obligations; for waterfront homes, check seawalls, dockage and bridge clearance.
Listing courtesy of Trustpoint Realty, LLC.
Listing data provided by the Miami Association of Realtors MLS, deemed reliable but not guaranteed.