Duplex with Central Air
New
For Sale
$565,000
1490 NW 20TH Street #1-2, Fort Lauderdale, FL 33311
One of the two units is tenant-occupied, and the property is zoned RM-15.
Property Size2,016 SF
Price / SF$280.26
Days on Market5
Property Features for 1490 NW 20TH Street #1-2
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Duplex
Site & Location
Neighborhood
Lfmn
Additional Details
Multifamily Units
2
Amenities
central air conditioning
Building Details
Year Built
1974
Listing Agency:
Three Palms Realty
(561) 316-8711
Listed By:
Sandro Marcel Herrera · License #3285502
(561) 316-9691
Source:
Lehmannflorida
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 7:13AM
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 Three Palms Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two separate units within 2,016 square feet. Central air conditioning serves the property, which was built in 1974. RM-15 zoning applies, and one unit is currently occupied by a tenant, providing an existing rental stream.
The property is at 1490 NW 20TH Street in Fort Lauderdale, with access to major roadways and nearby shopping, dining, and everyday amenities.
The property is at 1490 NW 20TH Street in Fort Lauderdale, with access to major roadways and nearby shopping, dining, and everyday amenities.
Key Highlights
- Two separate units
- 2,016 square feet; built in 1974
- One unit currently tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,606
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,120
$672.1K
Cap Rate 7%
$480,086
$480.1K
Cap Rate 9%
$373,400
$373.4K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$50.8K $25.20/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$48.0K $23.81/SF
− OpEx
−$14.4K −$7.14/SF
NOI
$33.6K $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%
$672,120
Cap Rate 7%
$480,086
Cap Rate 9%
$373,400
Alternative Uses
Best Use
Multifamily LT 5
$480.1K
$420.1K – $560.1K
NOI $33,606 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$432.5K
$378.4K – $504.6K
NOI $30,273 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$1.35M
$1.19M – $1.58M
NOI $94,833 @ 7.0% cap · market cap 16.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One of the two units is tenant-occupied, and the property is zoned RM-15.
Where is this duplex located?
The property is located at 1490 NW 20TH Street #1-2 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two separate units; 2,016 square feet; built in 1974; One unit currently tenant‑occupied
