Duplex With Impact
For Sale
$849,950
1425 NE 55th Street, Fort Lauderdale, FL 33334
Residential Income, Fort Lauderdale, FL
Property Size2,665 SF
Price / SF$318.93
Days on Market851
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
Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 2, 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
hurricane impact windows
full size washer dryer
updated kitchens
stainless steel appliances
private screened patios
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: Sep 20
Last Checked: Sep 26 at 6:06PM
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 duplex contains two residences, each arranged with two bedrooms and two bathrooms. The interiors include open split-bedroom layouts, tile flooring, updated kitchens with stainless steel appliances, and full-size washer and dryer setups. Each unit also has a private screened patio. Hurricane-impact windows, a new roof, and newer air-conditioning units are among the property improvements. The building was constructed in 1966 with block construction and includes central heating and cooling, ceiling fans, fencing, public water, and public sewer.
Located in Fort Lauderdale near the beach, the property is within the Coral Ridge Isles neighborhood and carries RD-15 zoning. Its address is 1425 NE 55th Street, Fort Lauderdale, Florida 33334.
Located in Fort Lauderdale near the beach, the property is within the Coral Ridge Isles neighborhood and carries RD-15 zoning. Its address is 1425 NE 55th Street, Fort Lauderdale, Florida 33334.
Key Highlights
- Two‑unit duplex with two bedrooms and two bathrooms per residence
- Hurricane‑impact windows throughout the building
- New roof and newer A/C units
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
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,868
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
Check the figures for this property
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 - Two-bedroom, two-bath residences feature updated kitchens, screened patios, and in-unit laundry connections.
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: Two‑unit duplex with two bedrooms and two bathrooms per residence; Hurricane‑impact windows throughout the building; New roof and newer A/C units
