New Construction Duplex with
For Sale
$1,060,000
1212 NW 6th Ct, Fort Lauderdale, FL 33311
Residential Income, Fort Lauderdale, FL
Property Size3,232 SF
Price / SF$327.97
Days on Market38
Property Features for 1212 NW 6th Ct
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RMM-25
Bedrooms
8
Full bathrooms
6
Rooms
Bedroom 6, Bedroom 8, Bedroom 4, Bathroom 5, Bathroom 6, Bathroom 1, Bedroom 3, Bedroom 7, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1
Parking
4
Subdivision
HOME BEAUTIFUL PARK
Lot features
< 1/4 Acre
Directions
Follow GPS
Standard status
Active
APN
504204040050
Size
3,232 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
HOME BEAUTIFUL PARK 2-47 B LOT 7 BLK A
Tax Annual Amount
15901
Legal Description
HOME BEAUTIFUL PARK 2-47 B LOT 7 BLK A
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
pool
Building Details
Year built
2023
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Flat, Tile
Listing Agency:
Lokation
(954) 545-5583
Listed By:
Tingjun Lei · License #3582986
(786) 683-5367
Added: Jul 18
Changed: Aug 23
Last Checked: Aug 24 at 8:06PM
MLS# A11766041
Copyright © 2026 Miami REALTORS®. 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.
Completed in 2023, this 3,232-square-foot duplex includes two furnished units with open-concept interiors, tile flooring, and contemporary finishes. The layout provides eight bedrooms and six bathrooms across the property, with central air conditioning and electric heating and cooling. A private backyard pool adds outdoor amenity space for residents or guests.
The property is located in Fort Lauderdale near Downtown Fort Lauderdale and the beach. Block construction, a flat tile roof, public water, public sewer, and cable availability are among the property’s documented features. Both units are furnished, providing a ready configuration for an owner-occupant arrangement or separate leasing.
The property is located in Fort Lauderdale near Downtown Fort Lauderdale and the beach. Block construction, a flat tile roof, public water, public sewer, and cable availability are among the property’s documented features. Both units are furnished, providing a ready configuration for an owner-occupant arrangement or separate leasing.
Key Highlights
- 3,232‑square‑foot duplex completed in 2023
- Two furnished units with eight bedrooms and six bathrooms
- Private backyard pool and outdoor entertaining area
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
Lease Details
2
Residential units
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 - Furnished two-unit property with eight bedrooms, six bathrooms, and a private backyard pool.
Where is this duplex located?
The property is located at 1212 NW 6th Ct 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: 3,232‑square‑foot duplex completed in 2023; Two furnished units with eight bedrooms and six bathrooms; Private backyard pool and outdoor entertaining area
