Two-Unit Residential Income
For Sale
Contact for pricing
Pending
1275 NW 27th Avenue # 2 #1-2, Fort Lauderdale, FL 33311
For sale multifamily duplex featuring two units, offering a straightforward two-rental income setup.
Property Size1,137 SF
Days on Market198
Property Features for 1275 NW 27th Avenue # 2 #1-2
General Information
Standard status
Pending
Size
1,137 SF
Property subtype
Multifamily
Zoning
RD-10
Additional Details
Multifamily Units
2
Building Details
Year Built
1954
Units
2
Tenancy
Multi
Listing Agency:
Galt Ocean Realty Inc
Listed By:
Dominic Abbadi · License #3413815
Source:
Crexi
Added: Mar 26
Changed: Oct 7
Last Checked: Oct 7 at 9:52AM
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 Galt Ocean Realty Inc
Investment Insights
Based on property information with market context.
This listing is a two-unit residential income property, offered for sale as a duplex/multifamily arrangement with two separate units. The property totals 1,137 square feet, providing a compact footprint designed for a straightforward rental configuration.
Located at 1275 NW 27th Avenue # 2 #1-2 in Fort Lauderdale, Florida 33311, the building is positioned as a small-scale income asset within a residential market. The offering is specifically marketed as “Multifamily | 2 Units,” aligning with tenants and owners looking for a manageable number of units under one roof.
As a duplex-style investment, this property may appeal to buyers seeking a two-unit setup rather than a larger multifamily building. It can also be considered by owner-occupants who want the option to live in one unit while renting the other, provided their financing and leasing plans align with the property’s configuration. If you’re looking for a clear, two-unit residential income opportunity in Fort Lauderdale, this offering provides that exact structure.
Located at 1275 NW 27th Avenue # 2 #1-2 in Fort Lauderdale, Florida 33311, the building is positioned as a small-scale income asset within a residential market. The offering is specifically marketed as “Multifamily | 2 Units,” aligning with tenants and owners looking for a manageable number of units under one roof.
As a duplex-style investment, this property may appeal to buyers seeking a two-unit setup rather than a larger multifamily building. It can also be considered by owner-occupants who want the option to live in one unit while renting the other, provided their financing and leasing plans align with the property’s configuration. If you’re looking for a clear, two-unit residential income opportunity in Fort Lauderdale, this offering provides that exact structure.
Key Highlights
- Duplex multifamily property with 2 units
- Year built: 1954
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,954
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,080
$379.1K
Cap Rate 7%
$270,771
$270.8K
Cap Rate 9%
$210,600
$210.6K
Market Conditions
NOI Build-Up for 1,137 SF
Gross rent
$28.7K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.1K $23.81/SF
− OpEx
−$8.1K −$7.14/SF
NOI
$19.0K $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%
$379,080
Cap Rate 7%
$270,771
Cap Rate 9%
$210,600
Alternative Uses
Best Use
Multifamily LT 5
$270.8K
$236.9K – $315.9K
NOI $18,954 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$243.9K
$213.4K – $284.6K
NOI $17,074 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$764.1K
$668.6K – $891.4K
NOI $53,484 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,709
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - For sale multifamily duplex featuring two units, offering a straightforward two-rental income setup.
Where is this duplex located?
The property is located at 1275 NW 27th Avenue # 2 #1-2 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $417,000.
What are key features of this property?
This property features: Duplex multifamily property with 2 units; Year built: 1954
