Fully Renovated Corner
1344 Northwest 7th Terrace Fort Lauderdale, FL 33311
For Sale
$575,000
A fully renovated, fully leased duplex on a corner lot with new roof, newer A/C units, and private laundry for each side.
Property Size1,485 SF
Price / SF$387.21
Days on Market190
Property Features for 1344 Northwest 7th Terrace
General Information
- Standard status
- Active
- Size
- 1,485 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1955
Listing Agency:
Brokernation Real Estate Doral
(305) 508-9893
Listed By:
Oguz Magden · License #3644924
(305) 508-9893
Source:
Compass
Added: Jan 15
Changed: Jul 23
Last Checked: Jul 23 at 11:54AM
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 Brokernation Real Estate Doral
Investment Insights
Based on property information with market context.
This fully renovated duplex sits on a corner lot and is configured as two separate, fully leased units. Improvements include a new roof installed in 2022, three-year-old A/C units, and a high-quality fence installed in 2025. Inside, both units feature laminate flooring throughout, stainless steel appliances, and private laundry rooms.
The property is positioned for everyday convenience, with proximity to shopping, dining, and major roadways.
With both sides leased and producing cash flow, the duplex is being marketed as an investment opportunity with a stated cap rate of more than 8%.
The property is positioned for everyday convenience, with proximity to shopping, dining, and major roadways.
With both sides leased and producing cash flow, the duplex is being marketed as an investment opportunity with a stated cap rate of more than 8%.
Key Highlights
- Fully renovated duplex on a corner lot with both units fully leased
- New roof installed in 2022
- 3‑year‑old A/C units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.4k | $25.20 |
| − Vacancy | −$2.1k | −$1.39 |
| EGI | $35.4k | $23.81 |
| − OpEx | −$10.6k | −$7.14 |
| NOI | $24.8k | $16.67 |
1,485 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$353.6K
$309.4K – $412.6K
NOI $24,755 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$318.6K
$278.7K – $371.7K
NOI $22,299 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$997.9K
$873.2K – $1.16M
NOI $69,854 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Capois Lab
IT Consulting Firm
FAQs
What type of property is this?
Duplex - A fully renovated, fully leased duplex on a corner lot with new roof, newer A/C units, and private laundry for each side.
Where is this duplex located?
The property is located at 1344 Northwest 7th Terrace Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Fully renovated duplex on a corner lot with both units fully leased; New roof installed in 2022; 3‑year‑old A/C units
