Turn-Key Income Duplex with New
920 SW 28th St 1-2 Fort Lauderdale, FL 33315
920 SW 28th St 1-2, Fort Lauderdale, FL, 33315
$759,900
For Sale
$759,900
MULTI_FAMILY - Fort Lauderdale, FL
Property Size2,153 SF
Price / SF$352.95
Days on Market75
Property Features for 920 SW 28th St 1-2
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Rooms
- Bathroom 3, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
- Parking
- 4
- Security features
- Security
- Patio and Porch features
- Porch
- Exterior features
- Fence, Security/High Impact Doors, Lighting, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 504221161670
- Size
- 2,153 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- OAK GROVE 27-16 B LOT 6 BLK 5
- Tax Annual Amount
- 10581
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Electric, Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1973
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Block
- Roof type
- Shingle
Listing Agency
Better Homes & Gdns RE Fla 1st
(954) 525-2200
777 S Federal Hwy, Fort Lauderdale, FL
Listed by
Nicholas Trotz · License #3292568
(954) 661-2838
Added: May 6 Checked: Jul 19 at 5:06 am
MLS# A11962597
Listing URL
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.
Turn-key duplex offers two nearly identical units designed for comfortable day-to-day living. Each unit features open kitchens with new cabinetry, granite countertops, dishwashers, microwaves, electric ranges/ovens, and garbage disposals; note that one unit does not include kitchen appliances. Neutral porcelain tile floors run throughout, complemented by all impact windows. Both units include generous closet space and central air conditioning. The property also includes four deeded parking spaces and a new roof installed in 2023, along with a large backyard.
Located in southwest Fort Lauderdale, the property is described as a short drive to The Fort Pickleball Park and within biking distance of area recreation. The remarks also note access to major roadways including I-95, I-595, and the Turnpike, with Fort Lauderdale-Hollywood International Airport about 5 minutes away.
Each unit follows a similar layout and finishes package, including updated kitchen features and impact windows, making the duplex well-suited for consistent occupancy and straightforward management.
Located in southwest Fort Lauderdale, the property is described as a short drive to The Fort Pickleball Park and within biking distance of area recreation. The remarks also note access to major roadways including I-95, I-595, and the Turnpike, with Fort Lauderdale-Hollywood International Airport about 5 minutes away.
Each unit follows a similar layout and finishes package, including updated kitchen features and impact windows, making the duplex well-suited for consistent occupancy and straightforward management.
Key Highlights
- Turn‑key income‑producing duplex built in 1973 with two nearly identical units
- New roof installed in 2023
- Both units feature open kitchens with new cabinetry, granite countertops, dishwashers, microwaves, electric ranges/ovens, and garbage disposals (one unit does not include kitchen appliances)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.3k | $25.20 |
| − Vacancy | −$3.0k | −$1.39 |
| EGI | $51.3k | $23.81 |
| − OpEx | −$15.4k | −$7.14 |
| NOI | $35.9k | $16.67 |
2,153 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$512.7K
$448.6K – $598.2K
NOI $35,890 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$461.9K
$404.1K – $538.8K
NOI $32,330 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,277 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two nearly identical units with central A/C, impact windows, and updated kitchens, plus four deeded parking spaces and a 2023 roof.
Where is this duplex located?
The property is located at 920 SW 28th St 1-2 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $759,900.
What are key features of this property?
This property features: Turn‑key income‑producing duplex built in 1973 with two nearly identical units; New roof installed in 2023; Both units feature open kitchens with new cabinetry, granite countertops, dishwashers, microwaves, electric ranges/ovens, and garbage disposals (one unit does not include kitchen appliances)
