Fully Renovated Corner
For Sale
$575,000
1344 Northwest 7th Terrace, Fort Lauderdale, FL 33311
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 Market204
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 24 at 1:56PM
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
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
$24,755
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
4.31%
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%
$495,100
$495.1K
Cap Rate 7%
$353,643
$353.6K
Cap Rate 9%
$275,056
$275.1K
Market Conditions
NOI Build-Up for 1,485 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
$37.4K $25.20/SF
− Vacancy
−$2.1K −$1.39/SF
EGI
$35.4K $23.81/SF
− OpEx
−$10.6K −$7.14/SF
NOI
$24.8K $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%
$495,100
Cap Rate 7%
$353,643
Cap Rate 9%
$275,056
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,787
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 - 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
