Turnkey Renovated
For Sale
Contact for pricing
1126 NW 4th Avenue # 2 #1-2, Fort Lauderdale, FL 33311
Fully renovated duplex with central A/C, impact windows and in-unit laundry support for flexible owner-occupant or rental use.
Property Size1,350 SF
Price / SF$448.15
Days on Market242
Property Features for 1126 NW 4th Avenue # 2 #1-2
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Multifamily
Zoning
RD-15
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1988
Units
2
Listing Agency:
Keller Williams Realty - Welli
(561) 856-6441
Listed By:
Teresita Strout · License #3418067
Source:
Crexi
Added: Dec 20, 2025
Changed: Aug 8
Last Checked: Aug 18 at 1:17PM
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 Keller Williams Realty - Welli
Investment Insights
Based on property information with market context.
This fully renovated duplex offers a straightforward two-unit setup with brand-new kitchens and bathrooms in both units. The property includes impact windows and doors, central A/C, and washer & dryer on site, supporting day-to-day comfort and convenience. With everything updated and move-in ready, the building is positioned for immediate occupancy or tenant readiness.
Located at 1126 NW 4th Avenue # 2 #1-2 in Fort Lauderdale, Florida, the duplex provides an owner-occupant option where one unit can be lived in while the other is rented. The configuration also lends itself to an operator who wants to manage both units under one ownership.
For buyers seeking flexibility, the unit mix allows for multiple lifestyle or occupancy strategies, including long-term rentals and short-stay concepts such as Airbnb or PadSplit, as suggested by the property’s marketing materials. The updates throughout, combined with the listed mechanical and lifestyle improvements, help reduce the need for immediate capital work and can simplify the transition to occupancy for either an owner-occupant or an investor managing tenants in both units.
Located at 1126 NW 4th Avenue # 2 #1-2 in Fort Lauderdale, Florida, the duplex provides an owner-occupant option where one unit can be lived in while the other is rented. The configuration also lends itself to an operator who wants to manage both units under one ownership.
For buyers seeking flexibility, the unit mix allows for multiple lifestyle or occupancy strategies, including long-term rentals and short-stay concepts such as Airbnb or PadSplit, as suggested by the property’s marketing materials. The updates throughout, combined with the listed mechanical and lifestyle improvements, help reduce the need for immediate capital work and can simplify the transition to occupancy for either an owner-occupant or an investor managing tenants in both units.
Key Highlights
- Fully renovated duplex built in 1988 with both units move‑in ready
- Brand‑new kitchens and bathrooms in both units
- Impact windows and doors throughout both units
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
$22,504
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
3.72%
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%
$450,080
$450.1K
Cap Rate 7%
$321,486
$321.5K
Cap Rate 9%
$250,044
$250.0K
Market Conditions
NOI Build-Up for 1,350 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
$34.0K $25.20/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$32.1K $23.81/SF
− OpEx
−$9.6K −$7.14/SF
NOI
$22.5K $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%
$450,080
Cap Rate 7%
$321,486
Cap Rate 9%
$250,044
Alternative Uses
Best Use
Multifamily LT 5
$321.5K
$281.3K – $375.1K
NOI $22,504 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$289.6K
$253.4K – $337.9K
NOI $20,272 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$907.2K
$793.8K – $1.06M
NOI $63,504 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,427
Businesses Nearby
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
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 - Fully renovated duplex with central A/C, impact windows and in-unit laundry support for flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 1126 NW 4th Avenue # 2 #1-2 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Fully renovated duplex built in 1988 with both units move‑in ready; Brand‑new kitchens and bathrooms in both units; Impact windows and doors throughout both units
