Two-Unit Duplex with Private
1420 N Andrews Avenue, Fort Lauderdale, FL 33311
For Sale
$515,000
Each residence has a two-bedroom, one-bathroom layout and its own outdoor patio.
Property Size1,080 SF
Price / SF$476.85
Days on Market52
Property Features for 1420 N Andrews Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
separate private patios
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
EC Home
Listed By:
Demy R Cedano · License FL #3444380
(786) 314-2567
Source:
Laerrealty
Added: Sep 24
Changed: Nov 9
Last Checked: Nov 14 at 2:50AM
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
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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 / Yr
$18,003
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,791
Businesses Nearby
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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
$276,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Fort Lauderdale, FL
Properties on Market for Duplexes in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
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
