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    Duplex with Private Outdoor Space Title is generated by Realmo AI

    1425 NE 22nd St, Wilton Manors, FL 33305

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    Claim this Listing
    Pending
    $489,000

    MULTI_FAMILY - Wilton Manors, FL

    Property size:
    1,679 SF
    Added:
    Mar 25, 2026
    Days on Market:
    106
    Last Refresh:
    Jul 8 at 2:06 am

    Property Features for 1425 NE 22nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 3
    Parking
    4
    Security features
    Security
    Patio and Porch features
    Porch
    Exterior features
    Porch, Room For Pool, Shed, Storm/Security Shutters
    Standard status
    Pending
    APN
    494226300120
    Size
    1,679 SF

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    EDGEWATER ESTATES 1ST ADD 45-2 B LOT 10
    Tax Annual Amount
    8962

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Wall Furnace
    Cooling system
    Ceiling Fan(s), Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1963
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Block
    Roof type
    Concrete

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    Contact an agent
    Gerard Price

    Listing agent Gerard Price License #684253

    Listing office Level Realty Partners, LLC 3101 N Federal Hwy Ste 502, Fort Lauderdale, FL

    Listing date Mar 25, 2026

    MLS# A11969574 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two 2‑bedroom, 1‑bath units with 840+ SF each
    • Mid‑century block construction with tile flooring and concrete roof
    • Separate meters; electric updated in 2015
    • Large private outdoor space plus room for a pool; porch and shed
    • On‑site laundry that could be converted to coin laundry; one unit vacant
    • One car carport with extra parking; storm/security shutters and wall/window A/C units

    Overview

    This mid-century duplex includes two 2-bedroom, 1-bath units, each totaling 840+- SF, with open kitchen layouts and oversized windows. Each unit features large private outdoor space and exterior shutters. The property has separate electric meters, with electric updated in 2015, and a concrete Bahamian tile roof. An on-site laundry area is available, with the space described as potentially convertible to coin laundry. Parking includes a one-car carport plus additional parking spaces, and there is room on site for a pool.

    Located in Wilton Manors near Cologhatchee Park on the Middle River, the area offers a dog park and exercise equipment. The property is also within walking distance of Wilton Drive and nearby retail, including Stork's Bakery and Publix. Showings begin at an open house scheduled from 12 to 5 PM on Saturday, March 7.

    The duplex can be rented as-is or remodeled to reconfigure finishes. One unit is currently vacant, and the other is occupied by a month-to-month tenant who prefers to remain. With separate utilities and independent living layouts, the property is well suited for buyers seeking a straightforward two-unit rental configuration with outdoor space for both residents.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $42.3k $25.20
    − Vacancy −$2.3k −$1.39
    EGI $40.0k $23.81
    − OpEx −$12.0k −$7.14
    NOI $28.0k $16.67
    1,679 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $399.8K
    $349.9K – $466.5K (±1% cap)
    NOI $27,989 @ 7.0% cap · market cap 5.72%
    Second Best
    Apartment 5plus
    $368.9K
    $322.8K – $430.4K (±1% cap)
    NOI $25,822 @ 7.0% cap · market cap 5.28%
    Theoretical Best
    Office A
    $851.8K
    $745.4K – $993.8K (±1% cap)
    NOI $59,628 @ 7.0% cap · market cap 12.19%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Daycare Center (Bike/Boat/Book/etc) Store Butcher Tanning Salon (Bike/Boat/Book/etc) Store Florist Clothing & Fashion Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilton Manors
    County
    Broward
    State
    Florida
    Longitude
    -80.128682
    Latitude
    26.156339

    FAQs

    What type of property is this?
    Duplex - Two 2-bedroom units with separate meters, on-site laundry, and large private outdoor areas in a walkable Wilton Manors setting.
    Where is this duplex located?
    The property is located at 1425 NE 22nd St Wilton Manors, FL.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: Two 2‑bedroom, 1‑bath units with 840+ SF each; Mid‑century block construction with tile flooring and concrete roof; Separate meters; electric updated in 2015
    More about this property
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