Single-Story
New
For Sale
$1,350,000
2516 NE 12TH Street #1-2, Fort Lauderdale, FL 33304
Two residential units are arranged within a single-level configuration for flexible occupancy or investment use.
Property Size2,527 SF
Price / SF$534.23
Days on Market4
Property Features for 2516 NE 12TH Street #1-2
General Information
Standard status
Active
Size
2,527 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RS-4.4
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$21,089
Building Details
Building Size
2,527 SF
Year Built
1951
Buildings
1
Stories
1
Listing Agency:
Zenith Realty Group
(954) 557-1171
Listed By:
Dhaima L Lindo
(954) 557-1171
Source:
Laerrealty
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 4:47AM
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 Zenith Realty Group
Investment Insights
Based on property information with market context.
This single-story duplex contains 2,527 square feet of finished living space arranged across two residential units. The one-floor configuration provides a straightforward layout for occupants and ownership, while the property’s duplex format supports its role as a multifamily residential asset. Built in 1951, the property is identified with RS-4.4 zoning.
The duplex is located at 2516 NE 12TH Street, #1-2, in Fort Lauderdale’s Coral Ridge South Add community. Its address places the property within an established residential setting in Fort Lauderdale, Florida.
The duplex is located at 2516 NE 12TH Street, #1-2, in Fort Lauderdale’s Coral Ridge South Add community. Its address places the property within an established residential setting in Fort Lauderdale, Florida.
Key Highlights
- 2,527 square feet of finished living space
- Duplex configuration with two residential units
- Single‑story layout
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
$42,125
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
3.12%
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%
$842,500
$842.5K
Cap Rate 7%
$601,786
$601.8K
Cap Rate 9%
$468,056
$468.1K
Market Conditions
NOI Build-Up for 2,527 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
$63.7K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$60.2K $23.81/SF
− OpEx
−$18.1K −$7.14/SF
NOI
$42.1K $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%
$842,500
Cap Rate 7%
$601,786
Cap Rate 9%
$468,056
Alternative Uses
Best Use
Multifamily LT 5
$601.8K
$526.6K – $702.1K
NOI $42,125 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$542.1K
$474.3K – $632.4K
NOI $37,946 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,870 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,602
Businesses Nearby
Explore this area
Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
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 - Two residential units are arranged within a single-level configuration for flexible occupancy or investment use.
Where is this duplex located?
The property is located at 2516 NE 12TH Street #1-2 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 2,527 square feet of finished living space; Duplex configuration with two residential units; Single‑story layout
