Renovated and Updated
1619-1621 Northwest 8th Avenue Fort Lauderdale, FL 33311
1619-1621 Northwest 8th Avenue, Fort Lauderdale, FL, 33311
$595,000
For Sale
$595,000
Two tenant-occupied units each offer 3 bedrooms and 1.5 baths, with a 2022 roof and one fully renovated residence.
Property Size2,504 SF
Price / SF$237.62
Days on Market101
Property Features for 1619-1621 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
Keller Williams Dedicated Professionals
(954) 533-7443
Listed by
Rene Munoz PA · License #3199775
(954) 533-7443
Source
Compass
Added: Apr 14 Updated: Jul 22 at 8:51PM Checked: Jul 22 at 8:51PM
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 Keller Williams Dedicated Professionals
Investment Insights
Based on property information with market context.
This Fort Lauderdale duplex includes two separate residential units, each offering 3 bedrooms and 1.5 bathrooms. Combined, the property has 2,500+ square feet under air. One unit has been fully renovated with contemporary finishes, a modern kitchen, updated bathrooms, and cohesive flooring throughout, while the second unit has been partially upgraded and offers a buyer the opportunity to complete improvements.
Both units are currently tenant-occupied on annual leases. The property features a newer roof installed in 2022. Located at 1619–1621 Northwest 8th Avenue, the duplex is described as being near the airport, major roadways, and the area’s beaches, as well as shopping, dining, and entertainment.
The units generate rental income of $2,500 and $2,200 per month.
Both units are currently tenant-occupied on annual leases. The property features a newer roof installed in 2022. Located at 1619–1621 Northwest 8th Avenue, the duplex is described as being near the airport, major roadways, and the area’s beaches, as well as shopping, dining, and entertainment.
The units generate rental income of $2,500 and $2,200 per month.
Key Highlights
- 1969‑built Fort Lauderdale duplex with two tenant‑occupied units on annual leases
- Each unit offers 3 bedrooms and 1.5 bathrooms with 2,500+ sq ft under air total
- One residence is fully renovated with updated kitchen, bathrooms, and cohesive flooring
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 7.02%
Second Best
Apartment 5plus
$537.2K
$470.0K – $626.7K
NOI $37,601 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,788 @ 7.0% cap · market cap 19.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two tenant-occupied units each offer 3 bedrooms and 1.5 baths, with a 2022 roof and one fully renovated residence.
Where is this duplex located?
The property is located at 1619-1621 Northwest 8th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1969‑built Fort Lauderdale duplex with two tenant‑occupied units on annual leases; Each unit offers 3 bedrooms and 1.5 bathrooms with 2,500+ sq ft under air total; One residence is fully renovated with updated kitchen, bathrooms, and cohesive flooring
