Renovated True Duplex with
For Sale
Contact for pricing
Pending
1324 NE 14th Ave, Fort Lauderdale, FL 33304
Renovated duplex with two electric meters, impact windows, new systems, solar panels, and a heated pool—fully furnished.
Property Size1,892 SF
Days on Market123
Property Features for 1324 NE 14th Ave
General Information
Standard status
Pending
Size
1,892 SF
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
RM-15
Net Operating Income
$99,000
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1951
Tenancy
Multi
Listing Agency:
DCH Real Estate
Listed By:
David Chavarria · License #BK3549289
Source:
Crexi
Added: May 8
Changed: Aug 7
Last Checked: Jul 24 at 1:28PM
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 DCH Real Estate
Investment Insights
Based on property information with market context.
This renovated true duplex is configured as two separate residences with two electric meters. The front home offers 2 bedrooms and 2 bathrooms, and the private rear unit provides 1 bedroom and 1 bathroom. Improvements include impact windows, all-new electrical and plumbing systems, brand-new appliances, and modern AC units throughout. The property also features solar panels, a heated pool, and a dual-type EV charger. Sold fully professionally furnished and turnkey, with furniture included in the sale.
Located at 1324 NE 14th Ave in Fort Lauderdale, the property has been professionally managed on Airbnb for the past two years, generating approximately $100,000 annually in revenue. Bookings are secured for upcoming months, and full rental performance reports are available upon request.
Located at 1324 NE 14th Ave in Fort Lauderdale, the property has been professionally managed on Airbnb for the past two years, generating approximately $100,000 annually in revenue. Bookings are secured for upcoming months, and full rental performance reports are available upon request.
Key Highlights
- Renovated 1951 duplex with two separate electric meters for individual unit utility control
- 2 bed/2 bath main home plus a private rear 1 bed/1 bath unit
- Upgrades include impact windows and new electrical and plumbing systems
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
$31,539
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
3.15%
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%
$630,780
$630.8K
Cap Rate 7%
$450,557
$450.6K
Cap Rate 9%
$350,433
$350.4K
Market Conditions
NOI Build-Up for 1,892 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
$47.7K $25.20/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$45.1K $23.81/SF
− OpEx
−$13.5K −$7.14/SF
NOI
$31.5K $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%
$630,780
Cap Rate 7%
$450,557
Cap Rate 9%
$350,433
Alternative Uses
Best Use
Multifamily LT 5
$450.6K
$394.2K – $525.7K
NOI $31,539 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$405.9K
$355.1K – $473.5K
NOI $28,411 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,000 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,531
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 - Renovated duplex with two electric meters, impact windows, new systems, solar panels, and a heated pool—fully furnished.
Where is this duplex located?
The property is located at 1324 NE 14th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Renovated 1951 duplex with two separate electric meters for individual unit utility control; 2 bed/2 bath main home plus a private rear 1 bed/1 bath unit; Upgrades include impact windows and new electrical and plumbing systems
