Duplex with Impact Windows and
For Sale
$699,950
Pending
1720 NE 8th Avenue, Fort Lauderdale, FL 33305
MULTI_FAMILY - Fort Lauderdale, FL
Property Size1,572 SF
Lot Size0.11 Acres
Days on Market52
Property Features for 1720 NE 8th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RDS-15
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3
Window features
Blinds
Patio and Porch features
Patio
Fencing
Fenced
Subdivision
LAUDERDALE PARK 6-33 1/2
Lot features
Interior Lot
Elementary school
Bennett
Middle school
Sunrise
High school
Fort Lauderdale
Directions
From NE 26th Street in Wilton Manors: South on Dixie Highway, Right on NE 17th Court, Left on NE 8th Ave, duplex is on the immediate left.
Standard status
Pending
APN
494235040251
Size
1,572 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAUDERDALE PARK 6-33 1/2 B LOT 8 S 50,9 S 50 BLK 2
Tax Annual Amount
9372
Legal Description
LAUDERDALE PARK 6-33 1/2 B LOT 8 S 50,9 S 50 BLK 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
private outdoor space
dedicated washer and dryer
impact windows and doors
central A/C
modern appliances
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile
Building materials
CBS
Roof type
Composition
Listing Agency:
Dettman Realty Group LLC
(954) 566-2448
Listed By:
Troy E Hanna · License #3372166
(512) 659-7093
Added: Jul 10
Changed: Aug 6
Last Checked: Aug 30 at 3:06AM
MLS# B26050933
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.
Investment Insights
Based on property information with market context.
This duplex at 1720 NE 8th Avenue offers two separate units, each featuring two bedrooms and one bathroom. Unit A is tenant-occupied on a month-to-month lease, with a well-maintained interior and an updated bathroom. Unit B is vacant and move-in ready, with an updated kitchen, bathroom, and flooring. Both units have impact windows and doors, central A/C, dedicated washers and dryers, and modern appliances including a refrigerator, electric range, built-in microwave, and dishwasher.
The property has separate water and electric metering for each unit and includes private outdoor space for both units. Interior finishes include tile and vinyl flooring, and the home is supported by CBS construction with a composition roof. There is a fenced patio area, and the property also includes four off-street parking spaces with newly resurfaced asphalt in 2025.
Additional specifications include central electric heating, public water, and public sewer. Both central HVAC/Air conditioning systems and appliances have been updated since 2020. Zoned RDS-15 and built in 1971, this is positioned as a straightforward owner-occupant or rental investment option.
The property has separate water and electric metering for each unit and includes private outdoor space for both units. Interior finishes include tile and vinyl flooring, and the home is supported by CBS construction with a composition roof. There is a fenced patio area, and the property also includes four off-street parking spaces with newly resurfaced asphalt in 2025.
Additional specifications include central electric heating, public water, and public sewer. Both central HVAC/Air conditioning systems and appliances have been updated since 2020. Zoned RDS-15 and built in 1971, this is positioned as a straightforward owner-occupant or rental investment option.
Key Highlights
- Two‑unit duplex, each with two bedrooms and one bathroom
- Tenant‑occupied Unit A on a month‑to‑month lease; Unit B is vacant and move‑in ready
- Impact windows and doors plus central A/C in both units
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
$26,205
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
3.74%
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%
$524,100
$524.1K
Cap Rate 7%
$374,357
$374.4K
Cap Rate 9%
$291,167
$291.2K
Market Conditions
NOI Build-Up for 1,572 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
$39.6K $25.20/SF
− Vacancy
−$2.2K −$1.39/SF
EGI
$37.4K $23.81/SF
− OpEx
−$11.2K −$7.14/SF
NOI
$26.2K $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%
$524,100
Cap Rate 7%
$374,357
Cap Rate 9%
$291,167
Alternative Uses
Best Use
Multifamily LT 5
$374.4K
$327.6K – $436.8K
NOI $26,205 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$337.2K
$295.1K – $393.4K
NOI $23,606 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.06M
$924.3K – $1.23M
NOI $73,947 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,745
Businesses Nearby
Explore this area
Business Placement
Demographics for 33305, FL
12,044
Population
8,285
Households
1.5
Avg Household Size
52
Median Age
54%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
5,475
Density / Sq Mi
$89,944
Median Household Income
$60,924
Median Earnings
$1,850
Median Rent
$558,200
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 - Duplex in RDS-15 zoning with two 2-bedroom units, impact windows, central A/C, and private patio space.
Where is this duplex located?
The property is located at 1720 NE 8th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $699,950.
What are key features of this property?
This property features: Two‑unit duplex, each with two bedrooms and one bathroom; Tenant‑occupied Unit A on a month‑to‑month lease; Unit B is vacant and move‑in ready; Impact windows and doors plus central A/C in both units
