Corner Duplex with
For Sale
$915,000
1477 NE 55th St, Fort Lauderdale, FL 33334
Two-unit property with separate carport parking and a circular driveway.
Property Size2,819 SF
Days on Market26
Property Features for 1477 NE 55th St
General Information
Standard status
Active
Size
2,819 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,910
Building Details
Building Size
2,819 SF
Year Built
1966
Buildings
1
Listing Agency:
Realty 100
Listed By:
Pierre Denis · License #3080712
(954) 592-4251
Source:
Relinkre
Added: Aug 14
Changed: Sep 3
Last Checked: Sep 7 at 10:00AM
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 Realty 100
Investment Insights
Based on property information with market context.
This duplex contains 2,819 square feet and was built in 1966. The property is configured as two separate residential units, with a dedicated carport and circular driveway providing on-site parking. Existing occupants are on month-to-month arrangements and have expressed interest in remaining.
The corner property is situated in Coral Ridge Isles in Fort Lauderdale, with the beach, shopping, restaurants, and nightlife described as a short distance away. Its location and two-unit layout support continued residential income use.
The corner property is situated in Coral Ridge Isles in Fort Lauderdale, with the beach, shopping, restaurants, and nightlife described as a short distance away. Its location and two-unit layout support continued residential income use.
Key Highlights
- 2,819‑square‑foot duplex built in 1966
- Separate carport and circular driveway
- Two‑unit residential configuration
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
$46,992
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
5.14%
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%
$939,840
$939.8K
Cap Rate 7%
$671,314
$671.3K
Cap Rate 9%
$522,133
$522.1K
Market Conditions
NOI Build-Up for 2,819 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
$71.0K $25.20/SF
− Vacancy
−$3.9K −$1.39/SF
EGI
$67.1K $23.81/SF
− OpEx
−$20.1K −$7.14/SF
NOI
$47.0K $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 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%
$939,840
Cap Rate 7%
$671,314
Cap Rate 9%
$522,133
Alternative Uses
Best Use
Multifamily LT 5
$671.3K
$587.4K – $783.2K
NOI $46,992 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$604.7K
$529.1K – $705.5K
NOI $42,331 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,606 @ 7.0% cap · market cap 14.49%
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
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
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 - Two-unit property with separate carport parking and a circular driveway.
Where is this duplex located?
The property is located at 1477 NE 55th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: 2,819‑square‑foot duplex built in 1966; Separate carport and circular driveway; Two‑unit residential configuration
