Corner-Lot Duplex with Laundry
1-2-800 Nw 16th Ave, Fort Lauderdale, FL 33301
For Sale
$480,000
Both two-bedroom residences are occupied under month-to-month leases and include access to a separate laundry room.
Property Size1,567 SF
Price / SF$306.32
Days on Market57
Property Features for 1-2-800 Nw 16th Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Listing Agency:
Allstar Realty Inc
Listed By:
William M McLaren Jr · License FL #3009266
(954) 530-7118
Source:
Exprealty
Added: Sep 15
Changed: Oct 25
Last Checked: Nov 8 at 6:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Allstar Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,567-square-foot duplex contains two residential units, each configured with two bedrooms. A separate laundry room serves the property, and both residences are currently occupied by long-term tenants on month-to-month leases.
The property is positioned on a corner lot at 1-2-800 NW 16th Ave in Fort Lauderdale. New construction is taking place in the surrounding area, providing current development context for the asset.
The property is positioned on a corner lot at 1-2-800 NW 16th Ave in Fort Lauderdale. New construction is taking place in the surrounding area, providing current development context for the asset.
Key Highlights
- Two‑unit duplex with 1,567 square feet
- Each unit includes 2 bedrooms
- Both units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,122
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,440
$522.4K
Cap Rate 7%
$373,171
$373.2K
Cap Rate 9%
$290,244
$290.2K
Market Conditions
NOI Build-Up for 1,567 SF
Gross rent
$39.5K $25.20/SF
− Vacancy
−$2.2K −$1.39/SF
EGI
$37.3K $23.81/SF
− OpEx
−$11.2K −$7.14/SF
NOI
$26.1K $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 Rate 5%
$522,440
Cap Rate 7%
$373,171
Cap Rate 9%
$290,244
Alternative Uses
Best Use
Multifamily LT 5
$373.2K
$326.5K – $435.4K
NOI $26,122 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$336.2K
$294.1K – $392.2K
NOI $23,531 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$1.05M
$921.4K – $1.23M
NOI $73,712 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
5,583
Businesses Nearby
Explore this area
Business Placement
Demographics for 33301, FL
19,109
Population
13,955
Households
1.4
Avg Household Size
42
Median Age
62%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
7,644
Density / Sq Mi
$115,421
Median Household Income
$76,365
Median Earnings
$2,341
Median Rent
$751,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Fort Lauderdale, FL
Properties on Market for Duplexes in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both two-bedroom residences are occupied under month-to-month leases and include access to a separate laundry room.
Where is this duplex located?
The property is located at 1-2-800 Nw 16th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,567 square feet; Each unit includes 2 bedrooms; Both units are currently rented
