Updated Two-Unit
New
For Sale
$519,000
1223 NW 6th Ave, Fort Lauderdale, FL 33311
Residential Income, Fort Lauderdale, FL
Property Size1,756 SF
Price / SF$295.56
Days on Market3
Property Features for 1223 NW 6th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RD-15
Bedrooms
5
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
Parking
4
Security features
Security
Window features
Blinds
Patio and Porch features
Porch
Exterior features
Fence, Lighting, Porch, Shed, Security/High Impact Doors
Fencing
Fenced
Subdivision
PROGRESSO
Lot features
Flood Zone, < 1/4 Acre
Directions
From W Sunrise Blvd, go north on N Andrews Ave, turn west on NW 13th St, then south on NW 6th Ave to the property.
Standard status
Active
APN
494234035320
Size
1,756 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
PROGRESSO 2-18 D LOT 10 LESS N 19,11,12 BLK 126
Tax Annual Amount
5969
Legal Description
PROGRESSO 2-18 D LOT 10 LESS N 19,11,12 BLK 126
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
fully fenced yard
Building Details
Year built
1950
Floors in Building
1
Flooring type
Vinyl
Building materials
CBSConcreteBlockStructure, Block
Roof type
Shingle
Listing Agency:
The Keyes Company
(305) 931-8920
Listed By:
Carlos Brown · License #3257719
(305) 778-8257
Added: Oct 11
Changed: Oct 12
Last Checked: Oct 13 at 5:06PM
MLS# A12104624
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.
This 1,756-square-foot duplex contains two residences: one with three bedrooms and one bathroom, and another with two bedrooms and one bathroom. Built in 1950, the property has vinyl plank flooring, impact-rated windows and doors throughout, and a fenced yard. The two-bedroom unit has new appliances, and the exterior has been repainted. A porch and shed provide additional on-site features. Heating and air conditioning are central; ceiling fans are also present.
The property is in Fort Lauderdale’s Progresso Village area, with Flagler Village, downtown Fort Lauderdale, and Wilton Manors described as minutes away. It is zoned RD-15 and has public water and sewer service. The duplex will be delivered vacant at closing.
The property is in Fort Lauderdale’s Progresso Village area, with Flagler Village, downtown Fort Lauderdale, and Wilton Manors described as minutes away. It is zoned RD-15 and has public water and sewer service. The duplex will be delivered vacant at closing.
Key Highlights
- Two units: one with 3 bedrooms and 1 bathroom; the other with 2 bedrooms and 1 bathroom
- 1,756 square feet; built in 1950
- Impact‑rated 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
1,613
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 - Distinct residences include a three-bedroom layout and a separate two-bedroom unit.
Where is this duplex located?
The property is located at 1223 NW 6th Ave 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 with 3 bedrooms and 1 bathroom; the other with 2 bedrooms and 1 bathroom; 1,756 square feet; built in 1950; Impact‑rated windows and doors throughout
