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About This Property
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.
Property Features
County
Broward County
Section
4
Area
2334
Subdivision
FIRST ADD TO TUSKEGEE PAR
Interior
Cooling
Central Air
Bedrooms
Floors
Other
Full Baths
Appliances
Heating
Other
Style
Other
Garage Spaces
Construction/Exterior
Other
Patio / Deck Description
Exterior
Has a Pool
Possession
Other
Lot Size in Acres
Water
Sewer
Other
Lot Size in Sq. Ft.
0
Has Waterfront
No
Parking Description
View
Has Garage
No
Roof/Attic
Other
Senior Community
No
Other Utilities
Property Type
Residential Income
Pets
Property SubType 2
Quadruplex
Tax Year
2025
Year Built
1978
Tax Amount
$7241
APN
NA
Square Feet Source
NA
Map
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