Two-Unit Residential Income
For Sale
Contact for pricing
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
Price / SF$366.75
Days on Market147
Property Features for 1275 NW 27th Avenue # 2 #1-2
General Information
Standard status
Active
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: Aug 8
Last Checked: Aug 18 at 9:58AM
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 = 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
$18,954
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
4.55%
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%
$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
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
$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 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%
$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
Property Profile
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
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 - 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
