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 Market71
Property Features for 1477 NE 55th St
General Information
Standard status
Active
Size
2,819 SF
Property subtype
Duplex
Site & Location
Neighborhood
Cria
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: Oct 17
Last Checked: Oct 21 at 6:22AM
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
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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 / Yr
$46,992
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,868
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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
