Packaged Duplex
923 W Las Olas Boulevard Fort Lauderdale, FL 33312
New
For Sale
$1,485,000
MULTI_FAMILY - Fort Lauderdale, FL
Property Size3,212 SF
Lot Size0.30 Acres
Price / SF$462.33
Days on Market3
Property Features for 923 W Las Olas Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RML-25
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 3
- Patio and Porch features
- Porch, Patio
- Pets allowed
- Call, Yes
- Exterior features
- Courtyard, Garden
- Standard status
- Active
- APN
- 504209091430
- Size
- 3,212 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WAVERLY PLACE 2-19 D LOTS 11,12 & S1/2 VAC ALLEY LYING N OF SAID LOTS BLK 113
- Tax Annual Amount
- 12145
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1972
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- CBS
- Roof type
- Composition, Shingle
Listing Agency:
Compass Florida LLC
(561) 285-4794
Listed By:
Dominic Posocco · License #3441361
(610) 295-9127
Added: Jul 23
Changed: Jul 25
Last Checked: Jul 25 at 9:06AM
MLS# B26056173
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 offering presents two duplex properties packaged together as one for sale: 923 W Las Olas Boulevard and 925 W Las Olas Boulevard. The combined property size is 3,212 square feet, situated on approximately 0.3 acres. The parcels are described as fully entitled and approved for redevelopment, with a full set of development plans provided.
The properties are located in Fort Lauderdale, Florida 33312 and are identified under zoning RML-25.
For buyers seeking an income-producing multifamily asset with redevelopment optionality, this package provides the ability to evaluate holding existing units versus pursuing the approved redevelopment path tied to the provided plans.
The properties are located in Fort Lauderdale, Florida 33312 and are identified under zoning RML-25.
For buyers seeking an income-producing multifamily asset with redevelopment optionality, this package provides the ability to evaluate holding existing units versus pursuing the approved redevelopment path tied to the provided plans.
Key Highlights
- Two duplex multifamily properties packaged together: 923 & 925 W Las Olas Blvd
- Fully entitled and approved for redevelopment, with development plans included
- Central heating with central air cooling, plus ceiling fans
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 | $80.9k | $25.20 |
| − Vacancy | −$4.5k | −$1.39 |
| EGI | $76.5k | $23.81 |
| − OpEx | −$22.9k | −$7.14 |
| NOI | $53.5k | $16.67 |
3,212 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$764.9K
$669.3K – $892.4K
NOI $53,543 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$689.0K
$602.9K – $803.9K
NOI $48,232 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,092 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two duplex parcels are offered together at 923 and 925 W Las Olas Boulevard in Fort Lauderdale, FL.
Where is this duplex located?
The property is located at 923 W Las Olas Boulevard Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: Two duplex multifamily properties packaged together: 923 & 925 W Las Olas Blvd; Fully entitled and approved for redevelopment, with development plans included; Central heating with central air cooling, plus ceiling fans
