5230 NE 14th Way 5 Unit Apartment Building $1,250,000 ($250,000/Unit) 5.49% Cap Rate Fort Lauderdale, FL 33334

Coldwell Banker Commercial Realty is pleased to present 5230 NE 14th Way, a boutique five-unit multifamily property located in Fort Lauderdale’s Coral Ridge Isles neighborhood. Built in 1966, the single-story property features four onebedroom, one-bath residences and one two-bedroom, two-bath unit. A new roof was installed in April of 2024 and the original windows have been replaced. All units have central air conditioning. The building completed its 10-year recertification in 2023, demonstrating compliance with local regulations and reducing near-term capital expenditure risk.
The property is positioned in a highly desirable residential area with parks, schools, hospitals, shopping, dining, and the beach all within easy reach, providing tenants with a convenient and well-rounded lifestyle. Its proximity to major roads and thoroughfares ensures quick access to Fort Lauderdale’s business districts, employment hubs, and entertainment destinations, making it attractive to both professionals and families.
The submarket exhibits strong multifamily fundamentals, with robust renter demand and limited new supply supporting stable occupancy. Average rents are slightly below the submarket, offering potential for growth. With its wellmaintained units, low-density setting, and prime location, 5230 NE 14th Way offers a turnkey investment opportunity in one of Fort Lauderdale’s most established neighborhoods.