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    Renovated Duplex in Fort Lauderdale Title is generated by Realmo AI

    1707 SW 24th Street, Fort Lauderdale, FL 33315

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    For Sale
    $1,399,995

    MULTI_FAMILY - Fort Lauderdale, FL

    Property size:
    2,177 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $643/SF
    Added:
    Jan 8, 2026
    Days on Market:
    143
    Last Refresh:
    May 31 at 3:06 am

    Property Features for 1707 SW 24th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RD-15
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 4
    Window features
    Storm Window(s)
    Patio and Porch features
    Patio
    Fencing
    Fenced
    Standard status
    Active
    APN
    504216100771
    Size
    2,177 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    OSCEOLA PARK 9-46 B LOT 11 W 61,12 W 61,BLK 8
    Tax Annual Amount
    10192

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1983
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Tile
    Building materials
    Concrete, Stucco
    Roof type
    Composition

    We can help!

    Listing Contact
    Vitaliy Nikolaenko

    Listing agent Vitaliy Nikolaenko License #3410367

    Listing office LoKation 1500 E Atlantic Blvd. The K. Co. Building, Pompano Beach, FL

    Listing date Jan 8, 2026

    MLS# R11152552 Listing URL

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

    HighLights

    • Fully renovated duplex with over $300,000 in upgrades completed 2023‑2024, including new roof, impact windows, kitchens, and bathrooms.
    • Income‑producing property with no HOA, ideal for investors or owner‑occupants.
    • Prime location near I‑95, FLL Airport, beaches, shopping, dining, and entertainment.
    • Turnkey and rent‑ready, sold fully furnished and Airbnb ready.
    • New HVAC systems and water heaters for both units.
    • Private backyard patios with two pergolas.

    Overview

    This is a fully renovated duplex located in Fort Lauderdale, Florida, presenting an income-producing opportunity. The property has undergone over $300,000 in upgrades completed between 2023 and 2024. These upgrades include a new roof, impact windows, a new driveway, two new kitchens, and four remodeled bathrooms. Tile flooring is installed throughout the property. Each unit features a private backyard patio with a pergola. The property also includes two new HVAC systems and two new water heaters. The duplex is suitable for investors or owner-occupants looking to rent one unit while living in the other. Its location offers proximity to I-95, Fort Lauderdale-Hollywood International Airport, beaches, parks, shopping, dining, medical facilities, entertainment venues, and nightlife. The property is turnkey and rent-ready, and is sold with all furnishings included, making it suitable for Airbnb use. The lot size is 0.13 acres, and the property size is 2177 square feet. The zoning is RD-15.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lauderdale
    County
    Broward
    State
    Florida
    Longitude
    -80.16383
    Latitude
    26.092626

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    FAQs

    What type of property is this?
    Duplex - Fully renovated, income-producing duplex near Fort Lauderdale's attractions.
    Where is this duplex located?
    The property is located at 1707 SW 24th Street Fort Lauderdale, FL.
    What is the asking price?
    The asking price for this property is $1,399,995.
    What are key features of this property?
    This property features: Fully renovated duplex with **over $300,000 in upgrades** completed 2023‑2024, including new roof, impact windows, kitchens, and bathrooms.; Income‑producing property with no HOA, ideal for investors or owner‑occupants.; Prime location near I‑95, FLL Airport, beaches, shopping, dining, and entertainment.
    (561) 303-6030
    We can help!
    Listing Contact
    Vitaliy Nikolaenko
    Real Estate License ID: 3410367
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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