Two-Cottage Duplex
For Sale
$1,395,000
11 SW 11th Avenue, Fort Lauderdale, FL 33312
Residential Income, Fort Lauderdale, FL
Property Size2,480 SF
Lot Size0.36 Acres
Price / SF$562.50
Days on Market422
Property Features for 11 SW 11th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMM-25
Bedrooms
2
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 1
Window features
Storm Window(s)
Subdivision
Waverly Place 2-19 D
Lot features
Corner Lot, Oversized Lot
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
Legal Description
WAVERLY PLACE 2-19 D LOT 1 THRU 5,6 E 5 & S1/2 VAC ALLEY ABUTTING SAID LOT BLK 124
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: Oct 6
Last Checked: Oct 6 at 2:06PM
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.
Two cottages occupy this 2,480-square-foot residential property in Fort Lauderdale. Built in 1922, the buildings sit on a 0.36-acre parcel zoned RMM-25 (Residential Multifamily Medium High Density). Public water and sewer serve the site, and cable is available.
The property is in the Sailboat Bend Historic District, minutes from downtown Fort Lauderdale and the Discovery Center.
The property is in the Sailboat Bend Historic District, minutes from downtown Fort Lauderdale and the Discovery Center.
Key Highlights
- Two existing cottages on a 0.36‑acre parcel
- 2,480 square feet of property area
- RMM‑25 (Residential Multifamily Medium High Density) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,341
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,820
$826.8K
Cap Rate 7%
$590,586
$590.6K
Cap Rate 9%
$459,344
$459.3K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$62.5K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$59.1K $23.81/SF
− OpEx
−$17.7K −$7.14/SF
NOI
$41.3K $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%
$826,820
Cap Rate 7%
$590,586
Cap Rate 9%
$459,344
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,270
Businesses Nearby
Explore this area
Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - The existing residences generate rental income on land zoned RMM-25 for residential multifamily use.
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: Two existing cottages on a 0.36‑acre parcel; 2,480 square feet of property area; RMM‑25 (Residential Multifamily Medium High Density) zoning
