Fort Lauderdale Income-Producing
1390 Riverland Road Fort Lauderdale, FL 33312
1390 Riverland Road, Fort Lauderdale, FL, 33312
$649,900
For Sale
Under Contract
$649,900
MULTI_FAMILY - Fort Lauderdale, FL
Property Size2,262 SF
Price / SF$287.31
Days on Market141
Property Features for 1390 Riverland Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- res
- Bedrooms
- 5
- Rooms
- Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 4, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 3
- Patio and Porch features
- Porch
- Exterior features
- Balcony
- Standard status
- Active Under Contract
- APN
- 504217110350
- Size
- 2,262 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- RELLAND PARK 22-47 B LOT 8 BLK E
- Tax Annual Amount
- 10328
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s), Ceiling Fan(s), Electric
Building Details
- Year built
- 1958
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Vinyl, Laminate
- Building materials
- Block
- Roof type
- Tar/Gravel
Listing Agency
Mayfair Real Estate LLC
(954) 779-6053
500 NE 13th Street, FORT LAUDERDALE, FL
Listed by
Chris M Kennedy · License #3256715
(954) 260-2923
Added: Feb 27 Checked: Jul 18 at 4:06 am
MLS# F10555271
Listing URL
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the Riverland area of Fort Lauderdale, this fully renovated duplex presents a turnkey, income-producing investment opportunity. The property features spacious units that are currently rented for just under $5,000 per month in total. Renovations, completed with permits, include water-resistant laminate floors, stainless steel appliances, and open-concept kitchens with modern updated finishes and abundant storage space. The duplex has separate electric meters. Unit 2 includes his-and-hers walk-in closets. The property includes a large yard with outdoor space suitable for entertaining or relaxing. The location provides easy access to major roads, shopping, dining, and schools. This property is suitable for investors or owner-occupants looking to offset their mortgage.
Key Highlights
- Fully renovated duplex built in 1958, offering separate units with separate electric meters.
- Duplex interior features water‑resistant laminate floors plus vinyl and tile flooring.
- Each unit includes updated kitchens with stainless steel appliances and open‑concept layouts.
Local 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 | $57.0k | $25.20 |
| − Vacancy | −$3.1k | −$1.39 |
| EGI | $53.9k | $23.81 |
| − OpEx | −$16.2k | −$7.14 |
| NOI | $37.7k | $16.67 |
2,262 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$538.7K
$471.3K – $628.5K
NOI $37,707 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$485.2K
$424.6K – $566.1K
NOI $33,967 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,404 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey duplex in Riverland, Fort Lauderdale. Fully renovated, income-producing.
Where is this duplex located?
The property is located at 1390 Riverland Road Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Fully renovated duplex built in 1958, offering separate units with separate electric meters.; Duplex interior features water‑resistant laminate floors plus vinyl and tile flooring.; Each unit includes updated kitchens with stainless steel appliances and open‑concept layouts.
