Two-Unit Duplex with New
New
For Sale
$449,900
5620 NW 14th Ct, Lauderhill, FL 33313
Residential Income, Lauderhill, FL
Property Size1,851 SF
Price / SF$243.06
Days on Market2
Property Features for 5620 NW 14th Ct
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RM-8
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1
Parking
2
Subdivision
FERN SUB NO ONE
Directions
Please Use GPS.
Standard status
Active
APN
494135061810
Size
1,851 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
FERN SUB NO ONE 55-5 B LOT 3 BLK 9
Tax Annual Amount
6486
Legal Description
FERN SUB NO ONE 55-5 B LOT 3 BLK 9
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Amenities
laundry room
private patio
backyard
Building Details
Year built
1967
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
EXP Realty, LLC.
Listed By:
Damon Penn PA · License #3207423
(954) 281-9543
Added: Sep 8
Last Checked: Sep 9 at 12:06AM
MLS# A11896458
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 1,851-square-foot duplex, built in 1967, contains two residences with matching layouts of two bedrooms and one bathroom. Both units offer open interiors, tile flooring, natural light, and laundry rooms with washer and dryer connections. Central air conditioning and electric heating serve the property, while block construction and a shingle roof provide the primary building envelope.
A new roof was installed in 2025, and the electrical panel has been replaced. Each residence includes a private patio, with the patios overlooking an open backyard. The property is connected to public sewer, and cable service is available. Located in Lauderhill, the duplex is near schools, shopping, and major highways.
A new roof was installed in 2025, and the electrical panel has been replaced. Each residence includes a private patio, with the patios overlooking an open backyard. The property is connected to public sewer, and cable service is available. Located in Lauderhill, the duplex is near schools, shopping, and major highways.
Key Highlights
- Two‑unit duplex totaling 1,851 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- New roof installed in 2025
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
$30,856
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
6.86%
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%
$617,120
$617.1K
Cap Rate 7%
$440,800
$440.8K
Cap Rate 9%
$342,844
$342.8K
Market Conditions
NOI Build-Up for 1,851 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
$46.6K $25.20/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$44.1K $23.81/SF
− OpEx
−$13.2K −$7.14/SF
NOI
$30.9K $16.67/SF
Area
Broward County, 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%
$617,120
Cap Rate 7%
$440,800
Cap Rate 9%
$342,844
Alternative Uses
Best Use
Multifamily LT 5
$440.8K
$385.7K – $514.3K
NOI $30,856 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$406.7K
$355.8K – $474.5K
NOI $28,467 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$939.1K
$821.7K – $1.10M
NOI $65,736 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
Explore this area
Business Placement
Demographics for 33313, FL
63,284
Population
25,312
Households
2.5
Avg Household Size
36
Median Age
15%
College-Educated
85%
High-School Grad
6.3 sq mi
ZIP Area
10,045
Density / Sq Mi
$45,408
Median Household Income
$30,872
Median Earnings
$1,608
Median Rent
$236,300
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 - Updated electrical service, private patios, and open backyard space complement the two residences.
Where is this duplex located?
The property is located at 5620 NW 14th Ct Lauderhill, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,851 square feet; Each unit includes 2 bedrooms and 1 bathroom; New roof installed in 2025
