Duplex
For Sale
$1,160,000
1247 SW 4th Avenue, Fort Lauderdale, FL 33315
Tenant-occupied duplex built in 1953, with exterior-only viewing requested.
Property Size2,428 SF
Days on Market40
Property Features for 1247 SW 4th Avenue
General Information
Standard status
Active
Size
2,428 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$11,393
Building Details
Building Size
2,428 SF
Year Built
1953
Listing Agency:
Jonathan Solomon Realty
(954) 707-3316
Listed By:
Anthea A Strnad · License #3031515
(954) 707-3316
Source:
Tylertuchow
Added: Jul 11
Changed: Aug 16
Last Checked: Aug 19 at 4:09PM
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 Jonathan Solomon Realty
Investment Insights
Based on property information with market context.
This duplex property at 1247 SW 4th Avenue in Fort Lauderdale, Florida, was built in 1953. The property is occupied by tenants, and prospective parties are asked not to disturb them.
Viewing is limited to a drive-by inspection only.
Viewing is limited to a drive-by inspection only.
Key Highlights
- Duplex property built in 1953
- Located at 1247 SW 4th Avenue, Fort Lauderdale, FL 33315
- Tenant‑occupied property
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
$40,474
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
3.49%
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%
$809,480
$809.5K
Cap Rate 7%
$578,200
$578.2K
Cap Rate 9%
$449,711
$449.7K
Market Conditions
NOI Build-Up for 2,428 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
$61.2K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$57.8K $23.81/SF
− OpEx
−$17.3K −$7.14/SF
NOI
$40.5K $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%
$809,480
Cap Rate 7%
$578,200
Cap Rate 9%
$449,711
Alternative Uses
Best Use
Multifamily LT 5
$578.2K
$505.9K – $674.6K
NOI $40,474 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$520.9K
$455.8K – $607.7K
NOI $36,460 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,213 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,167
Businesses Nearby
Explore this area
Business Placement
Demographics for 33315, FL
13,555
Population
6,991
Households
1.9
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
2,558
Density / Sq Mi
$90,760
Median Household Income
$43,815
Median Earnings
$1,789
Median Rent
$492,400
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 - Tenant-occupied duplex built in 1953, with exterior-only viewing requested.
Where is this duplex located?
The property is located at 1247 SW 4th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,160,000.
What are key features of this property?
This property features: Duplex property built in 1953; Located at 1247 SW 4th Avenue, Fort Lauderdale, FL 33315; Tenant‑occupied property
