Casa Sul Mare — Sale in Fort Lauderdale, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Fort Lauderdale, FL 33304

Photos

Casa Sul Mare — Sale in Fort Lauderdale, FL, photo 1 of 2
Casa Sul Mare — Sale in Fort Lauderdale, FL, photo 2 of 2

Investment Figures

Cap rate
3.38%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Casa Sul Mare, a nine-unit multifamily property located at 2625 NE 13th Court in Fort Lauderdale, Florida. Built in 1958, the property totals 3,806 gross square feet and is situated on a 0.31-acre lot in one of Fort Lauderdale’s most desirable coastal neighborhoods. The unit mix consists of 5 studio units, 1 one-bedroom/one-bathroom unit, 1 two-bedroom/one-bathroom unit, and 2 two-bedroom/two-bathroom units, offering a diverse layout appealing to both seasonal and long-term renters. The property features hurricane impact windows and doors throughout, and a new barrel tile roof is scheduled for completion prior to closing, significantly reducing near-term capital expenditure requirements for a future owner. Casa Sul Mare is currently operated as annual rentals; however, given its location near Fort Lauderdale Beach and surrounding hospitality demand, a future owner may determine that short-term rentals represent a higher and better use of the asset. Additionally, the oversized 0.31-acre parcel in an infill coastal location presents potential long-term value as a redevelopment or covered land play, subject to zoning and entitlement considerations. The property is located just minutes from Fort Lauderdale Beach, Birch State Park, Galleria Mall, and Las Olas Boulevard, placing residents near some of Broward County’s strongest tourism, dining, and employment drivers. The surrounding area continues to benefit from luxury residential development, hospitality investment, and sustained demand for coastal housing. Casa Sul Mare presents a rare opportunity to acquire a well-located boutique asset with multiple exit strategies, including continued multifamily operations, short-term rental repositioning, or future redevelopment potential in a high-barrier-to-entry submarket. Investment Highlights: • Hurricane Impact Windows And Doors Throughout • New Barrel Tile Roof To Be Installed Prior To Closing • Minutes From Fort Lauderdale Beach,

Market Context

This multifamily in Fort Lauderdale, FL is listed for sale. It is offered at an approximate 3.4% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Fort Lauderdale, FL — view the full market.

As of Q4 2025, the Fort Lauderdale multifamily market showed a 5.1% vacancy rate, and average asking rents near $2414.00/unit/mo. Source: multiple brokerage reports, Q4 2025.

Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

Is the Fort Lauderdale multifamily market tightening or softening?
Vacancy is around 5.1% (Q4 2025).

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