Duplex with Private Outdoor
New
For Sale
$749,000
1211 NE 2nd Avenue, Fort Lauderdale, FL 33304
Two matching residences are leased through March 2027, with separate outdoor areas for each unit.
Property Size1,847 SF
Lot Size0.16 Acres
Days on Market6
Property Features for 1211 NE 2nd Avenue
General Information
Standard status
Active
Size
1,847 SF
Total Parking Spaces
4
Lot size
0.16 Acres
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
Smlr
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$12,685
Amenities
separate laundry room
private outdoor space
Building Details
Building Size
1,847 SF
Year Built
1985
Buildings
1
Construction
CBS
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Santiago Sosa · License #3555385
(305) 206-3550
Source:
Tylertuchow
Added: Oct 27
Changed: Oct 31
Last Checked: Oct 31 at 3:32AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This duplex contains two matching 2-bedroom, 2-bath residences, each with an en-suite primary bath and private outdoor area. Impact-resistant windows and doors are installed throughout, and a dedicated laundry room serves the property. The fenced parcel measures 6,751 square feet and includes four parking spaces.
The property is at 1211 NE 2nd Avenue in Fort Lauderdale’s Progresso neighborhood. Both residences are leased through March 2027, providing rental income under existing leases.
The property is at 1211 NE 2nd Avenue in Fort Lauderdale’s Progresso neighborhood. Both residences are leased through March 2027, providing rental income under existing leases.
Key Highlights
- Two matching units, each with 2 bedrooms and 2 bathrooms
- Both residences leased through March 2027
- Impact windows and doors throughout the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,789
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,780
$615.8K
Cap Rate 7%
$439,843
$439.8K
Cap Rate 9%
$342,100
$342.1K
Market Conditions
NOI Build-Up for 1,847 SF
Gross rent
$46.5K $25.20/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$44.0K $23.81/SF
− OpEx
−$13.2K −$7.14/SF
NOI
$30.8K $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%
$615,780
Cap Rate 7%
$439,843
Cap Rate 9%
$342,100
Alternative Uses
Best Use
Multifamily LT 5
$439.8K
$384.9K – $513.2K
NOI $30,789 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$396.2K
$346.7K – $462.3K
NOI $27,735 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,883 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,058
Businesses Nearby
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Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences are leased through March 2027, with separate outdoor areas for each unit.
Where is this duplex located?
The property is located at 1211 NE 2nd Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two matching units, each with 2 bedrooms and 2 bathrooms; Both residences leased through March 2027; Impact windows and doors throughout the building
