Renovated Duplex with Separate
For Sale
$679,000
1827 SW 21st St, Fort Lauderdale, FL 33315
Residential Income, Fort Lauderdale, FL
Property Size1,570 SF
Price / SF$432.48
Days on Market65
Property Features for 1827 SW 21st St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RD-15
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2
Parking
4
Security features
Security
Patio and Porch features
Patio
Exterior features
Fence, Fruit Trees, Security/High Impact Doors, Patio
Fencing
Fenced
Subdivision
OSCEOLA PARK
Lot features
< 1/4 Acre
Standard status
Active
APN
504216100041
Size
1,570 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
OSCEOLA PARK 9-46 B LOT 17 BLK 1
Tax Annual Amount
9228
Legal Description
OSCEOLA PARK 9-46 B LOT 17 BLK 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1959
Floors in Building
1
Flooring type
Laminate, Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Caba Real Estate
(305) 776-8323
Listed By:
Antulio Montiel · License #3241567
(786) 255-5673
Added: Jul 18
Changed: Sep 17
Last Checked: Sep 20 at 8:06AM
MLS# A12026298
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 1,570-square-foot duplex contains two units, each configured with 2 bedrooms and 1 bathroom. A complete 2024-2025 renovation updated the kitchens, bathrooms, plumbing, electrical systems, impact windows and doors, and roof. The block-built property also includes terrazzo flooring, central air conditioning, a fenced yard, patio space, and a shingle roof. Each residence has separate electric and water metering, while the property is served by public water and sewer.
The property is located at 1827 SW 21st St in Fort Lauderdale, one block from Safe Harbour Lauderdale Marina and five blocks from I-95. Fort Lauderdale-Hollywood International Airport is approximately 10 minutes away, and the beach is approximately 15 minutes away. Both units are leased; the second unit has a lease running through September 2027.
The property is located at 1827 SW 21st St in Fort Lauderdale, one block from Safe Harbour Lauderdale Marina and five blocks from I-95. Fort Lauderdale-Hollywood International Airport is approximately 10 minutes away, and the beach is approximately 15 minutes away. Both units are leased; the second unit has a lease running through September 2027.
Key Highlights
- 1,570 SF duplex with 2 bed/1 bath per unit
- Complete 2024‑2025 renovation of kitchens, baths, plumbing, electrical, windows, doors, and roof
- Separate electric and water meters for each unit
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
$26,172
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
3.85%
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%
$523,440
$523.4K
Cap Rate 7%
$373,886
$373.9K
Cap Rate 9%
$290,800
$290.8K
Market Conditions
NOI Build-Up for 1,570 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%
$523,440
Cap Rate 7%
$373,886
Cap Rate 9%
$290,800
Alternative Uses
Best Use
Multifamily LT 5
$373.9K
$327.2K – $436.2K
NOI $26,172 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$336.8K
$294.7K – $392.9K
NOI $23,576 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.06M
$923.2K – $1.23M
NOI $73,853 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
Business Placement
Demographics for 33315, FL
13,555
Population
6,991
Households
1.9
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
2,558
Density / Sq Mi
$90,760
Median Household Income
$43,815
Median Earnings
$1,789
Median Rent
$492,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 leased units feature updated interiors, individual electric and water meters, and public water and sewer service.
Where is this duplex located?
The property is located at 1827 SW 21st St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 1,570 SF duplex with 2 bed/1 bath per unit; Complete 2024‑2025 renovation of kitchens, baths, plumbing, electrical, windows, doors, and roof; Separate electric and water meters for each unit
