Duplex with Impact
New
For Sale
$519,000
1223 NW 6th Avenue, Fort Lauderdale, FL 33311
Two separate residences offer a three-bedroom layout and a two-bedroom layout, with RD-15 zoning.
Property Size1,756 SF
Days on Market6
Property Features for 1223 NW 6th Avenue
General Information
Standard status
Active
Size
1,756 SF
Property subtype
Duplex
Zoning
RD-15
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,969
Amenities
fully fenced yard
Building Details
Building Size
1,756 SF
Year Built
1950
Listing Agency:
The Keyes Company
Listed By:
Carlos Brown · License #3257719
(305) 778-8257
Source:
Tylertuchow
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 8:10PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This 2,555-square-foot duplex, built in 1950, contains two separate units: a 3-bedroom, 1-bath residence and a 2-bedroom, 1-bath residence. Improvements include luxury vinyl plank flooring, fresh exterior paint, and new appliances in the 2-bedroom unit. Hurricane-rated impact windows and doors are installed throughout, and the yard is fully fenced.
The property is at 1223 NW 6th Avenue in Fort Lauderdale’s Progresso Village, with Flagler Village, downtown Fort Lauderdale, and Wilton Manors described as minutes away. RD-15 zoning applies. The duplex will be delivered vacant at closing.
The property is at 1223 NW 6th Avenue in Fort Lauderdale’s Progresso Village, with Flagler Village, downtown Fort Lauderdale, and Wilton Manors described as minutes away. RD-15 zoning applies. The duplex will be delivered vacant at closing.
Key Highlights
- Two units: one 3‑bedroom, 1‑bath and one 2‑bedroom, 1‑bath
- 2,555 square feet; built in 1950
- Hurricane‑rated impact windows and doors throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,272
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,440
$585.4K
Cap Rate 7%
$418,171
$418.2K
Cap Rate 9%
$325,244
$325.2K
Market Conditions
NOI Build-Up for 1,756 SF
Gross rent
$44.3K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$41.8K $23.81/SF
− OpEx
−$12.5K −$7.14/SF
NOI
$29.3K $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%
$585,440
Cap Rate 7%
$418,171
Cap Rate 9%
$325,244
Alternative Uses
Best Use
Multifamily LT 5
$418.2K
$365.9K – $487.9K
NOI $29,272 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$376.7K
$329.6K – $439.5K
NOI $26,369 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,602 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,118
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a three-bedroom layout and a two-bedroom layout, with RD-15 zoning.
Where is this duplex located?
The property is located at 1223 NW 6th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Two units: one 3‑bedroom, 1‑bath and one 2‑bedroom, 1‑bath; 2,555 square feet; built in 1950; Hurricane‑rated impact windows and doors throughout
