New Construction Duplex Near
For Sale
$1,060,000
1212 Northwest 6th Court, Fort Lauderdale, FL 33311
New construction duplex near downtown Fort Lauderdale with pool.
Property Size3,232 SF
Price / SF$327.97
Days on Market530
Property Features for 1212 Northwest 6th Court
General Information
Standard status
Active
Size
3,232 SF
Property subtype
Multi-Family Income / Duplex
Taxes and HOA fees
Annual Taxes
$15,901
Building Details
Year Built
2023
Listing Agency:
Lokation
(954) 545-5583
Listed By:
Tingjun Lei · License #3582986
(954) 545-5583
Source:
Compass
Added: Mar 18, 2025
Changed: Aug 25
Last Checked: Aug 29 at 2:47PM
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 Lokation
Investment Insights
Based on property information with market context.
This new construction duplex is located minutes from Downtown Fort Lauderdale and the beach. It features modern, open-concept living spaces with high-end finishes and spacious layouts. The property includes a private backyard with a pool. The duplex offers flexibility for owner-occupants or investors, with the option to live in one unit and rent the other, or lease both units for rental income. Each unit is fully furnished and suitable for use as a short term rental. The property is positioned to generate rental income, with each unit potentially renting for $4,500 to $5,000 per month, or over $12,000 per month as a short term rental. The property size is 3,232 square feet.
Key Highlights
- New construction duplex (built in 2023) located minutes from Downtown Fort Lauderdale and the beach.
- Potential for high rental income: $4,500-$5,000 per unit per month or over $12,000 per month via Airbnb.
- Option for owner‑occupancy with rental income from the second unit.
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
$53,877
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
5.08%
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%
$1,077,540
$1.1M
Cap Rate 7%
$769,671
$769.7K
Cap Rate 9%
$598,633
$598.6K
Market Conditions
NOI Build-Up for 3,232 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
$81.4K $25.20/SF
− Vacancy
−$4.5K −$1.39/SF
EGI
$77.0K $23.81/SF
− OpEx
−$23.1K −$7.14/SF
NOI
$53.9K $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%
$1,077,540
Cap Rate 7%
$769,671
Cap Rate 9%
$598,633
Alternative Uses
Best Use
Multifamily LT 5
$769.7K
$673.5K – $898.0K
NOI $53,877 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$693.3K
$606.7K – $808.9K
NOI $48,533 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $152,033 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,653
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 - New construction duplex near downtown Fort Lauderdale with pool.
Where is this duplex located?
The property is located at 1212 Northwest 6th Court Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: New construction duplex (built in 2023) located minutes from Downtown Fort Lauderdale and the beach.; Potential for high rental income: $4,500-$5,000 per unit per month or over $12,000 per month via Airbnb.; Option for owner‑occupancy with rental income from the second unit.
