635 NW 22nd Rd Fort Lauderdale, FL 33311
Dillard Park NeighborhoodEstimated payment $4,432/month
Highlights
- No HOA
- Tile Flooring
- 1-Story Property
- High Impact Windows
- Central Heating and Cooling System
About This Home
Fully Leased Fourplex Asset | Core Fort Lauderdale Location 7.04% CAP Rate
An exceptional opportunity to acquire a fully leased, turnkey four-unit multifamily property in one of Fort Lauderdale’s strongest rental sub-markets. This income-producing asset offers immediate cash flow and long-term value appreciation, making it well-suited for both portfolio expansion and strategic 1031 exchange placement.
Asset Highlights:
4 Fully Occupied Units| Separately metered for water
Private Off-Street Parking. High tenant retention appeal
1,810 SF Total Living Area. Low-maintenance construction
5 Bedrooms / 4 Bathrooms. Functional and efficient layouts
Prime Urban Location:
Positioned within minutes of Downtown Fort Lauderdale, Las Olas, and major transit routes.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,060
Year Built
- Built in 1967
Parking
- 4 Parking Spaces
Home Design
- Quadruplex
- Concrete Block And Stucco Construction
Interior Spaces
- 1,810 Sq Ft Home
- 1-Story Property
- Tile Flooring
- High Impact Windows
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Rent includes gardener
- Assessor Parcel Number 504205010540
Community Details
Overview
- No Home Owners Association
- 4 Units
- Washington Park Condos
- Washington Park Subdivision
Building Details
- Net Operating Income $45,700
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,060 | $535,640 | $40,030 | $495,610 |
| 2024 | $8,178 | $535,640 | $40,030 | $495,610 |
| 2023 | $8,178 | $310,560 | $0 | $0 |
| 2022 | $7,257 | $282,330 | $40,030 | $242,300 |
| 2021 | $6,985 | $271,180 | $40,030 | $231,150 |
| 2020 | $6,959 | $271,180 | $40,030 | $231,150 |
| 2019 | $6,365 | $249,910 | $40,030 | $209,880 |
| 2018 | $5,349 | $215,460 | $40,030 | $175,430 |
| 2017 | $5,331 | $210,430 | $0 | $0 |
| 2016 | $4,570 | $191,300 | $0 | $0 |
| 2015 | $4,741 | $201,150 | $0 | $0 |
| 2014 | $4,161 | $190,960 | $0 | $0 |
| 2013 | -- | $184,830 | $40,030 | $144,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/29/2025 06/29/25 | For Sale | $649,000 | +9.1% | $359 / Sq Ft |
| 01/16/2024 01/16/24 | Sold | $595,000 | -8.5% | $329 / Sq Ft |
| 10/02/2023 10/02/23 | For Sale | $650,000 | +47.7% | $359 / Sq Ft |
| 03/22/2023 03/22/23 | Sold | $440,000 | -19.9% | $243 / Sq Ft |
| 02/22/2023 02/22/23 | Pending | -- | -- | -- |
| 02/15/2023 02/15/23 | Price Changed | $549,000 | -4.5% | $303 / Sq Ft |
| 01/17/2023 01/17/23 | For Sale | $575,000 | +98.3% | $318 / Sq Ft |
| 12/04/2018 12/04/18 | Sold | $289,900 | -10.8% | $109 / Sq Ft |
| 11/04/2018 11/04/18 | Pending | -- | -- | -- |
| 04/12/2018 04/12/18 | For Sale | $325,000 | -- | $122 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $595,000 | None Listed On Document | |
| Warranty Deed | $440,000 | -- | |
| Special Warranty Deed | $289,900 | Gulf Stream Title Llc | |
| Interfamily Deed Transfer | -- | Attorney | |
| Deed | $100 | -- | |
| Warranty Deed | $40,000 | Attorney | |
| Warranty Deed | $165,000 | Sunbelt Title Agency | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $10,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $308,000 | New Conventional | |
| Previous Owner | $251,200 | New Conventional | |
| Previous Owner | $246,415 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $50,000 | Construction |
Source: MIAMI REALTORS® MLS
MLS Number: A11830697
APN: 50-42-05-01-0540
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