Turnkey Duplex with Hurricane Impact
For Sale
$849,950
1425 NE 55th Street, Fort Lauderdale, FL 33334
MULTI_FAMILY - Fort Lauderdale, FL
Property Size2,665 SF
Price / SF$318.93
Days on Market801
Property Features for 1425 NE 55th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RD-15
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 3
Window features
Blinds
Patio and Porch features
Porch
Fencing
Fenced
Subdivision
Coral Ridge Isles 45-47 B
Directions
From US1 & E Commercial Blvd. Head NE On US-1. Turn left onto NE 56th St. Turn left onto NE 15th Ave. Turn right onto NE 55th St. Destination will be on the right
Standard status
Active
APN
494211073330
Size
2,665 SF
Taxes and HOA fees
Tax Year
2023
Tax Description
CORAL RIDGE ISLES 45-47 B LOT 24 BLK 43
Tax Annual Amount
18677
Legal Description
CORAL RIDGE ISLES 45-47 B LOT 24 BLK 43
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
private screened patios
full size washer/dryer
stainless steel appliances
Building Details
Year built
1966
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block
Roof type
Composition, Shingle
Additional Structures
Outbuilding
Listing Agency:
Fidelity Real Estate Group LLC
(954) 345-9144
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Added: May 29, 2024
Changed: Aug 5
Last Checked: Aug 7 at 10:06AM
MLS# F10442160
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.
This turnkey duplex offers two separate 2-bedroom, 2-bath units in a block construction building. The property has hurricane impact windows and includes tile flooring. Each unit features an open layout with split bedrooms, a full-size washer/dryer, updated kitchens with stainless steel appliances, and a private screened patio. Central heating and central A/C are provided, along with ceiling fans.
The building was constructed in 1966. Utility services include public water and public sewer, with cable available. The roof is described as shingle/composition. Outdoor space includes a porch and fenced areas for added privacy.
Zoned RD-15, the duplex totals 2,665 square feet. Rooming in both units includes bedrooms and bathrooms identified in the available information, supporting a straightforward two-unit residential income or owner-occupant setup.
The building was constructed in 1966. Utility services include public water and public sewer, with cable available. The roof is described as shingle/composition. Outdoor space includes a porch and fenced areas for added privacy.
Zoned RD-15, the duplex totals 2,665 square feet. Rooming in both units includes bedrooms and bathrooms identified in the available information, supporting a straightforward two-unit residential income or owner-occupant setup.
Key Highlights
- Block‑built turnkey duplex with hurricane impact windows
- Two 2‑bedroom, 2‑bath units; 1391+/- SF per unit
- Private screened patios plus porch and fenced areas
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
$44,425
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
5.23%
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%
$888,500
$888.5K
Cap Rate 7%
$634,643
$634.6K
Cap Rate 9%
$493,611
$493.6K
Market Conditions
NOI Build-Up for 2,665 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
$67.2K $25.20/SF
− Vacancy
−$3.7K −$1.39/SF
EGI
$63.5K $23.81/SF
− OpEx
−$19.0K −$7.14/SF
NOI
$44.4K $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 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%
$888,500
Cap Rate 7%
$634,643
Cap Rate 9%
$493,611
Alternative Uses
Best Use
Multifamily LT 5
$634.6K
$555.3K – $740.4K
NOI $44,425 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$571.7K
$500.2K – $667.0K
NOI $40,018 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,362 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,272
Businesses Nearby
Explore this area
Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
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 - Turnkey duplex in a block-built structure with hurricane impact windows, central A/C, fenced privacy, and private screened patios.
Where is this duplex located?
The property is located at 1425 NE 55th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $849,950.
What are key features of this property?
This property features: Block‑built turnkey duplex with hurricane impact windows; Two 2‑bedroom, 2‑bath units; 1391+/- SF per unit; Private screened patios plus porch and fenced areas
