Corner-Lot Duplex with Laundry
For Sale
$480,000
1-2-800 Nw 16th Ave, Fort Lauderdale, FL 33301
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 Market10
Property Features for 1-2-800 Nw 16th Ave
General Information
Standard status
Active
Size
1,567 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,892
Listing Agency:
Allstar Realty Inc
Listed By:
William M McLaren Jr · License #3009266
(954) 530-7118
Source:
Exprealty
Added: Sep 15
Changed: Sep 24
Last Checked: Sep 24 at 1:08PM
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
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 = 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
$26,122
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
5.44%
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%
$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
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
$39.5K $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 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%
$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.
Property Analytics
Current Use
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
