1236 NE 18th Ave, Fort Lauderdale, FL 33304 — MLS photo

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1236 NE 18th Ave, Fort Lauderdale, FL 33304

Active · SingleFamilyResidence

$1,499,000

1236 NE 18th Ave, Fort Lauderdale, FL 33304

Beds
—
Baths
0
Living area
3,569 sq ft
$ / sq ft
$420/sq ft
Year built
1955
Lot size
—
HOA fee
—
Annual tax
—

About this property

One-of-a-kind lakefront triplex in Lake Ridge offering nearly 3,500 SF under air with a highly versatile layout and exceptional income potential. The front residence features a spacious 2-bedroom, 2-bathroom layout with its own private patio. The rear portion of the property is currently configured as a full 3-bedroom, 3-bathroom residence, connected internally for seamless living. It can easily be reconfigured by closing off a doorway to create a 2-bedroom, 2-bathroom unit plus a separate studio apartment—ideal for maximizing rental income or accommodating extended living. What truly sets this property apart is that all five bedrooms feature en-suite bathrooms, offering a rare level of privacy and functionality across every unit. Perfect for a 1031 exchange buyer or investor, this property delivers strong income-producing potential, while also catering to an end user who may wish to live in one residence and rent out the others. Complete with a two-car garage, new pool heater, low-maintenance turf grass, and all impact windows and doors, the property also enjoys a rare lakefront setting just minutes from Las Olas, downtown Fort Lauderdale, and the beach.

Property location

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1236 NE 18th Ave, Fort Lauderdale, FL 33304

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Facts & features

Interior

Bathrooms
0
Living area
3,569 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1955

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Broward
MLS listing ID
A11972678
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$862

Cap rate
5.0%
Net yield
5.0%
Cash-on-cash return
-2.5%
Gross yield
8.4%
Mortgage payment
$7,106/mo
Down payment
$374,750
Loan amount
$1,124,250
Annual NOI
$74,923

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.