Two-Unit Duplex with Private
New
For Sale
$515,000
1420 N Andrews Avenue, Fort Lauderdale, FL 33311
Each residence has a two-bedroom, one-bathroom layout and its own outdoor patio.
Property Size1,080 SF
Price / SF$476.85
Days on Market4
Property Features for 1420 N Andrews Avenue
General Information
Standard status
Active
Size
1,080 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RDS-15
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,004
Amenities
separate private patios
Building Details
Building Size
1,080 SF
Year Built
1959
Buildings
1
Stories
1
Listing Agency:
EC Home
Listed By:
Demy R Cedano · License #3444380
(786) 314-2567
Source:
Laerrealty
Added: Sep 24
Last Checked: Sep 26 at 4:31AM
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 EC Home
Investment Insights
Based on property information with market context.
This 1,080-SF duplex in Fort Lauderdale contains two residences, each arranged with two bedrooms and one bathroom. Separate private patios provide outdoor space for both units. The property was built in 1959 and is zoned RDS-15.
At least one unit is currently rented. The two-unit configuration combines individual living spaces with separate patio areas.
At least one unit is currently rented. The two-unit configuration combines individual living spaces with separate patio areas.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Separate private patio for each unit
- At least one unit is currently rented
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
$18,003
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
3.50%
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%
$360,060
$360.1K
Cap Rate 7%
$257,186
$257.2K
Cap Rate 9%
$200,033
$200.0K
Market Conditions
NOI Build-Up for 1,080 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
$27.2K $25.20/SF
− Vacancy
−$1.5K −$1.39/SF
EGI
$25.7K $23.81/SF
− OpEx
−$7.7K −$7.14/SF
NOI
$18.0K $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%
$360,060
Cap Rate 7%
$257,186
Cap Rate 9%
$200,033
Alternative Uses
Best Use
Multifamily LT 5
$257.2K
$225.0K – $300.1K
NOI $18,003 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$231.7K
$202.7K – $270.3K
NOI $16,218 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$725.8K
$635.0K – $846.7K
NOI $50,803 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,791
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a two-bedroom, one-bathroom layout and its own outdoor patio.
Where is this duplex located?
The property is located at 1420 N Andrews Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Separate private patio for each unit; At least one unit is currently rented
