Duplex with Separate
New
For Sale
$568,000
1316 NW 8th Avenue, Fort Lauderdale, FL 33311
Two residential units offer separate utilities, private yards, laundry rooms, and on-site parking.
Property Size2,480 SF
Price / SF$250.44
Days on Market5
Property Features for 1316 NW 8th Avenue
General Information
Standard status
Active
Size
2,480 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RDS-15
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,312
Amenities
walk-in closets
central AC
laundry room with washer and dryer
front and back yards
Building Details
Building Size
2,480 SF
Year Built
1968
Buildings
2
Stories
1
Listing Agency:
Sola Realty & Investments LLC
(954) 822-0658
Listed By:
Ofir Rajoan · License #B26058008
(954) 822-0658
Source:
Laerrealty
Added: Aug 8
Changed: Aug 11
Last Checked: Aug 12 at 3:33AM
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 Sola Realty & Investments LLC
Investment Insights
Based on property information with market context.
This duplex is offered together with the neighboring property at 1314 NW 8th Ave, creating a combined 2,268 square feet of living space. The residences have separate water and electric meters, central AC, walk-in closets, and dedicated laundry rooms equipped with washers and dryers. Each unit also includes three bedrooms, one-and-a-half bathrooms, front and back yards, and access to four parking spaces.
Built in 1968, the property carries RDS-15 zoning and is located at 1316 NW 8th Avenue in Fort Lauderdale. The two-property offering is being sold with the adjacent parcel identified by Folio # 494234BG0020.
Built in 1968, the property carries RDS-15 zoning and is located at 1316 NW 8th Avenue in Fort Lauderdale. The two-property offering is being sold with the adjacent parcel identified by Folio # 494234BG0020.
Key Highlights
- Combined offering with 1314 NW 8th Ave
- 2,268 square feet of combined living space
- Each unit includes 3 bedrooms and 1.5 bathrooms
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
$37,807
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
6.66%
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%
$756,140
$756.1K
Cap Rate 7%
$540,100
$540.1K
Cap Rate 9%
$420,078
$420.1K
Market Conditions
NOI Build-Up for 2,268 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
$57.2K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$54.0K $23.81/SF
− OpEx
−$16.2K −$7.14/SF
NOI
$37.8K $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%
$756,140
Cap Rate 7%
$540,100
Cap Rate 9%
$420,078
Alternative Uses
Best Use
Multifamily LT 5
$540.1K
$472.6K – $630.1K
NOI $37,807 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$486.5K
$425.7K – $567.6K
NOI $34,057 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,687 @ 7.0% cap · market cap 18.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
875
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 - Two residential units offer separate utilities, private yards, laundry rooms, and on-site parking.
Where is this duplex located?
The property is located at 1316 NW 8th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $568,000.
What are key features of this property?
This property features: Combined offering with 1314 NW 8th Ave; 2,268 square feet of combined living space; Each unit includes 3 bedrooms and 1.5 bathrooms
