Renovated Duplex with
For Sale
$750,000
1409 NE 1st Avenue, Fort Lauderdale, FL 33304
Two distinct unit layouts include in-unit laundry, with separate FPL meters serving the property.
Property Size1,525 SF
Days on Market12
Property Features for 1409 NE 1st Avenue
General Information
Standard status
Active
Size
1,525 SF
Property subtype
Duplex
Site & Location
Neighborhood
Cpca
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA loft
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,485
Amenities
pool
sauna
washer/dryer in each unit
Building Details
Building Size
1,525 SF
Year Built
1959
Buildings
1
Listing Agency:
Stratton Real Estate
Listed By:
Sebastian Giraldo · License #3379585
(786) 444-8006
Source:
Tylertuchow
Added: Oct 12
Changed: Oct 16
Last Checked: Oct 23 at 1:24PM
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 Stratton Real Estate
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Investment Insights
Based on property information with market context.
This renovated Fort Lauderdale duplex pairs a two-bedroom, one-bath unit with a two-story loft offering one bedroom and one bath. Each residence has its own washer and dryer. The property also includes a pool, sauna, landscaped grounds, an updated electrical system and wiring, two FPL meters, and municipal sewer service. Built in 1959, it offers a two-unit configuration with varied layouts.
Downtown Fort Lauderdale, Las Olas, Wilton Manors, and the beaches are among the nearby destinations.
Downtown Fort Lauderdale, Las Olas, Wilton Manors, and the beaches are among the nearby destinations.
Key Highlights
- Two units: a 2BR/1BA residence and a two‑story 1BR/1BA loft
- Pool and sauna on landscaped grounds
- Washer and dryer in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,421
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,420
$508.4K
Cap Rate 7%
$363,157
$363.2K
Cap Rate 9%
$282,456
$282.5K
Market Conditions
NOI Build-Up for 1,525 SF
Gross rent
$38.4K $25.20/SF
− Vacancy
−$2.1K −$1.39/SF
EGI
$36.3K $23.81/SF
− OpEx
−$10.9K −$7.14/SF
NOI
$25.4K $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 Rate 5%
$508,420
Cap Rate 7%
$363,157
Cap Rate 9%
$282,456
Alternative Uses
Best Use
Multifamily LT 5
$363.2K
$317.8K – $423.7K
NOI $25,421 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$327.1K
$286.3K – $381.7K
NOI $22,900 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$1.02M
$896.7K – $1.20M
NOI $71,736 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,949
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct unit layouts include in-unit laundry, with separate FPL meters serving the property.
Where is this duplex located?
The property is located at 1409 NE 1st Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two units: a 2BR/1BA residence and a two‑story 1BR/1BA loft; Pool and sauna on landscaped grounds; Washer and dryer in each unit
