535 NW 13th Ave, Fort Lauderdale FL 33311 | Broward County | A12073375
- $825,000
- $825,000
Description
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.
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Address
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Address: 13th Ave
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City: Fort Lauderdale
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Zip/Postal Code: 33311
Details
Updated on August 20, 2026 at 4:56 pm-
Property ID A12073375
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Price $825,000
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Property Size 2334 Sq Ft
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Year Built 1978
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Property Status Active, Residential Income
Additional details
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Flooring Other
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Cooling Central Air
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Association Type None
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Building FIRST ADD TO TUSKEGEE PAR
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Area First Add To Tuskegee Par
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Annual Tax 7241
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Association No
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Private Pool No
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Listing Terms All Cash, Conventional
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Waterfront No
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Subdivision FIRST ADD TO TUSKEGEE PAR
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Total Stories 1
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Heating Other
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Structure Type Quadruplex, Fourplex
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Tax Year 2025
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Construction Other
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Building Area 2334
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Year Built Details Effective Year Built
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Flood Zone AE
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New Construction No
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Style Fourplex
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Lot Size (Sq Ft) 0
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