Fort Lauderdale Multifamily Development
11 SW 11th Avenue Fort Lauderdale, FL 33312
For Sale
$1,395,000
MULTI_FAMILY - Fort Lauderdale, FL
Property Size2,480 SF
Lot Size0.36 Acres
Price / SF$562.50
Days on Market349
Property Features for 11 SW 11th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RMM-25
- Bedrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2
- Window features
- Storm Window(s)
- Pets allowed
- No
- Standard status
- Active
- APN
- 504209092420
- Size
- 2,480 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- WAVERLY PLACE 2-19 D LOT 1 THRU 5,6 E 5 & S1/2 VAC ALLEY ABUTTING SAID LOT BLK 124
- Tax Annual Amount
- 10524
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Ceiling Fan(s), Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1922
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Tile
- Building materials
- Frame
- Roof type
- Metal
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Lisa P Stephenson · License #0651548
(954) 818-2936
Added: Aug 11, 2025
Changed: Jul 25
Last Checked: Jul 25 at 8:06PM
MLS# F10519002
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.
Located in the Sailboat Bend Historic District, this property presents an investment opportunity near downtown Fort Lauderdale and the Discovery Center. The site, approximately 0.36 acres, is zoned RMM-25 (Residential Multifamily Medium High Density), offering expansion possibilities. Currently, the property includes two income-producing cottages generating $3,600 per month in rental income. There is potential to add 5 or more multi-level units, making it suitable for a boutique multifamily development. The property size is 2480 square feet.
Key Highlights
- Located in the Sailboat Bend Historic District in Fort Lauderdale, minutes from downtown and the Discovery Center
- Approximately 1/3‑acre lot zoned RMM‑25 (Residential Multifamily Medium High Density)
- Income‑producing property with two cottages generating $3,600/month in rental income
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 | $62.5k | $25.20 |
| − Vacancy | −$3.4k | −$1.39 |
| EGI | $59.1k | $23.81 |
| − OpEx | −$17.7k | −$7.14 |
| NOI | $41.3k | $16.67 |
2,480 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$590.6K
$516.8K – $689.0K
NOI $41,341 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$532.0K
$465.5K – $620.7K
NOI $37,240 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,659 @ 7.0% cap · market cap 8.36%
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 - Income-producing property with expansion potential in historic Sailboat Bend.
Where is this duplex located?
The property is located at 11 SW 11th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Located in the Sailboat Bend Historic District in Fort Lauderdale, minutes from downtown and the Discovery Center; Approximately 1/3‑acre lot zoned RMM‑25 (Residential Multifamily Medium High Density); Income‑producing property with two cottages generating $3,600/month in rental income
