Upgraded Duplex with In-Unit
1511-1513 Northwest 8th Avenue Fort Lauderdale, FL 33311
1511-1513 Northwest 8th Avenue, Fort Lauderdale, FL, 33311
$690,000
For Sale
$690,000
Upgraded duplex offering two 3-bedroom, 2-bath units with in-unit washer/dryer hookups and recent exterior and systems updates.
Property Size2,504 SF
Price / SF$275.56
Days on Market48
Property Features for 1511-1513 Northwest 8th Avenue
General Information
- Standard status
- Active
- Size
- 2,504 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1969
Listing agency
Saylor Group Realty Inc.
(954) 243-5344
Listed by
Reggie Saylor · License #3299220
(954) 243-5344
Source
Compass
Added: Jun 5 Updated: Jul 21 at 8:14PM Checked: Jul 22 at 10:49AM
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 Saylor Group Realty Inc.
Investment Insights
Based on property information with market context.
This upgraded duplex consists of two separate 3-bedroom, 2-bath units. The units include in-unit washer/dryers, and the property has a newly landscaped yard with fresh sod. Recent improvements cited include hurricane windows, doors, electrical panel updates, and underground plumbing completed in 2025.
The report also notes newer AC units (approximately 3–4 years old) and a roof installed in 2015. The property is currently vacant, with easy access.
Located at 1511–1513 Northwest 8th Avenue in Fort Lauderdale, the duplex is described as being convenient to beaches as well as shopping and dining.
The report also notes newer AC units (approximately 3–4 years old) and a roof installed in 2015. The property is currently vacant, with easy access.
Located at 1511–1513 Northwest 8th Avenue in Fort Lauderdale, the duplex is described as being convenient to beaches as well as shopping and dining.
Key Highlights
- Upgraded duplex built in 1969 with two units, each offering 3 bedrooms and 2 bathrooms
- In‑unit washer/dryer hookups in both units
- Recent exterior/system updates include new hurricane windows, doors, electrical panels, and underground plumbing (2025)
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 | $63.1k | $25.20 |
| − Vacancy | −$3.5k | −$1.39 |
| EGI | $59.6k | $23.81 |
| − OpEx | −$17.9k | −$7.14 |
| NOI | $41.7k | $16.67 |
2,504 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$596.3K
$521.8K – $695.7K
NOI $41,741 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$537.2K
$470.0K – $626.7K
NOI $37,601 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,788 @ 7.0% cap · market cap 17.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Upgraded duplex offering two 3-bedroom, 2-bath units with in-unit washer/dryer hookups and recent exterior and systems updates.
Where is this duplex located?
The property is located at 1511-1513 Northwest 8th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Upgraded duplex built in 1969 with two units, each offering 3 bedrooms and 2 bathrooms; In‑unit washer/dryer hookups in both units; Recent exterior/system updates include new hurricane windows, doors, electrical panels, and underground plumbing (2025)
