Corner Duplex with
For Sale
$915,000
1477 NE 55th St, Fort Lauderdale, FL 33334
Residential Income, Fort Lauderdale, FL
Property Size2,819 SF
Price / SF$324.58
Days on Market8
Property Features for 1477 NE 55th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RD-15
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 1
Parking
4
Exterior features
Fence
Fencing
Fenced
Subdivision
CORAL RIDGE ISLES
Lot features
< 1/4 Acre
Directions
From I-95 Or Turnpike Head East On Commercial To NE 15Th Ave. Property Located On Corner Of NE 15Th Ave And NE 55Th Street Fort Lauderdale Florida.
Standard status
Active
APN
494211073240
Size
2,819 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CORAL RIDGE ISLES 45-47 B LOT 15 BLK 43
Tax Annual Amount
13910
Legal Description
CORAL RIDGE ISLES 45-47 B LOT 15 BLK 43
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
carport
circular driveway
Building Details
Year built
1966
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Barrel
Listing Agency:
Realty 100
(954) 859-2100
Listed By:
Pierre Denis · License #3080712
(561) 245-1710
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 29 at 4:06PM
MLS# A12071377
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.
Investment Insights
Based on property information with market context.
This 2,819-square-foot duplex was built in 1966 with block construction, ceramic tile flooring, a barrel roof, and a fenced exterior. The room record identifies four bedrooms and four bathrooms. Central heating and central air conditioning serve the property, while public sewer supports the site. Exterior improvements include a separate carport and circular driveway.
The duplex is located at 1477 NE 55th St in Fort Lauderdale, within Broward County. Existing long-term tenants are willing to remain, and the current tenancy is on a month-to-month basis. The property is also identified as a corner location, with Coral Ridge Isles, the beach, shopping, nightlife, and restaurants referenced in the surrounding context.
The duplex is located at 1477 NE 55th St in Fort Lauderdale, within Broward County. Existing long-term tenants are willing to remain, and the current tenancy is on a month-to-month basis. The property is also identified as a corner location, with Coral Ridge Isles, the beach, shopping, nightlife, and restaurants referenced in the surrounding context.
Key Highlights
- 2,819‑square‑foot duplex on a corner site
- Four bedrooms and four bathrooms identified
- Separate carport and circular driveway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,992
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$939,840
$939.8K
Cap Rate 7%
$671,314
$671.3K
Cap Rate 9%
$522,133
$522.1K
Market Conditions
NOI Build-Up for 2,819 SF
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.
Gross rent
$71.0K $25.20/SF
− Vacancy
−$3.9K −$1.39/SF
EGI
$67.1K $23.81/SF
− OpEx
−$20.1K −$7.14/SF
NOI
$47.0K $16.67/SF
Area
Fort Lauderdale, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$939,840
Cap Rate 7%
$671,314
Cap Rate 9%
$522,133
Alternative Uses
Best Use
Multifamily LT 5
$671.3K
$587.4K – $783.2K
NOI $46,992 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$604.7K
$529.1K – $705.5K
NOI $42,331 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,606 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,868
Businesses Nearby
Explore this area
Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with a circular driveway, fenced grounds, and central heating and air conditioning.
Where is this duplex located?
The property is located at 1477 NE 55th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: 2,819‑square‑foot duplex on a corner site; Four bedrooms and four bathrooms identified; Separate carport and circular driveway
