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Updated Corner Duplex with Screened Porches

1500 NW 5th Avenue # w #E-w Fort Lauderdale, FL 33311

1500 NW 5th Avenue # w #E-w, Fort Lauderdale, FL, 33311
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Maintained duplex with two 1-bedroom units, private screened porches, impact windows, and fenced yard plus shared laundry.

Property Size1,477 SF
Price / SF$362.22
AddedMay 11
Days on Market66
Last RefreshJun 20 at 10:03 am

Property Features for 1500 NW 5th Avenue # w #E-w

General Information

Standard status
Active
Size
1,477 SF
Property subtype
Multifamily

Building Details

Year Built
1952

Listing office Compass Florida LLC

Listing date May 11, 2026

Source Crexi

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 Compass Florida LLC


Investment Insights

Based on property information with market context.

This maintained duplex offers two spacious 1-bedroom, 1-bathroom units, each with full impact windows and doors. Interior finishes include tile flooring throughout both units, and every unit has its own private, screened-in porch. Outside, the property includes a fully fenced backyard with tropical landscaping, providing a shared outdoor space for residents. For day-to-day convenience, there is an on-site shared laundry facility, along with ample off-street parking for up to four vehicles.

The duplex sits on a spacious corner lot in the South Middle River community, giving the property an established residential setting and convenient access to parking. The corner-lot configuration supports both practical tenant use of outdoor space and straightforward day-to-day logistics for tenants and guests.

For tenants or owner-occupants, the layout provides two separate 1-bedroom residences within one property, with private screened porches for each unit and shared laundry on site. For buyers seeking a straightforward income-producing residential property, the combination of updated impact-rated openings, individual outdoor space, and off-street parking supports long-term livability for both units.

Key Highlights

  • Maintained duplex built in 1952 with two 1‑bedroom, 1‑bathroom units
  • Each unit has full impact windows and doors
  • Each unit features tile flooring and a private screened‑in porch

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $37.2k $25.20
− Vacancy −$2.0k −$1.39
EGI $35.2k $23.81
− OpEx −$10.6k −$7.14
NOI $24.6k $16.67
1,477 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$351.7K
$307.8K – $410.4K (±1% cap)
NOI $24,621 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$316.8K
$277.2K – $369.7K (±1% cap)
NOI $22,179 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$992.5K
$868.5K – $1.16M (±1% cap)
NOI $69,478 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher (Bike/Boat/Book/etc) Store Barber Shop Clothing & Fashion Store Daycare Center Restaurant (Bike/Boat/Book/etc) Store Mobile Phone Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Maintained duplex with two 1-bedroom units, private screened porches, impact windows, and fenced yard plus shared laundry.
Where is this duplex located?
The property is located at 1500 NW 5th Avenue # w #E-w Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Maintained duplex built in 1952 with two 1‑bedroom, 1‑bathroom units; Each unit has full impact windows and doors; Each unit features tile flooring and a private screened‑in porch
Contact an agent
(305) 942-5592 Call to check price and availability
More about this property
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