Updated Duplex with Guest
1645 NE 16th Avenue Fort Lauderdale, FL 33305
1645 NE 16th Avenue, Fort Lauderdale, FL, 33305
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For Sale
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Updated duplex on a corner lot with impact windows and doors, featuring a detached 1-bedroom guest cottage.
Property Size1,742 SF
Price / SF$412.74
Days on Market64
Property Features for 1645 NE 16th Avenue
General Information
- Standard status
- Active
- Size
- 1,742 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1951
Listing agency
Coldwell Banker Realty
Listed by
Derrick Buford · License #3015731
Source
Crexi
Added: May 21 Updated: Jul 22 at 2:57PM Checked: Jul 22 at 2:57PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This updated duplex offers two separate living areas with updated kitchens and baths, along with impact windows and doors. The main residence provides three bedrooms and two bathrooms with abundant natural light, while the detached one-bedroom, one-bath guest cottage includes an additional finished room suitable for flexible use.
The property is situated on a generous corner lot in a central area of Poinsettia Heights, with convenient access to Fort Lauderdale Beach, Wilton Manors, Las Olas, and nearby shopping, dining, and entertainment.
Offered for sale, the configuration supports owner-occupancy with rental income, multigenerational living, or investment ownership.
The property is situated on a generous corner lot in a central area of Poinsettia Heights, with convenient access to Fort Lauderdale Beach, Wilton Manors, Las Olas, and nearby shopping, dining, and entertainment.
Offered for sale, the configuration supports owner-occupancy with rental income, multigenerational living, or investment ownership.
Key Highlights
- Year built 1951 updated duplex with a spacious 3‑bedroom, 2‑bath main residence
- Detached 1‑bedroom, 1‑bath guest cottage plus an additional finished room for an office, studio, or den
- Updated kitchens and baths throughout
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 | $43.9k | $25.20 |
| − Vacancy | −$2.4k | −$1.39 |
| EGI | $41.5k | $23.81 |
| − OpEx | −$12.4k | −$7.14 |
| NOI | $29.0k | $16.67 |
1,742 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$414.8K
$363.0K – $484.0K
NOI $29,039 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$373.7K
$327.0K – $436.0K
NOI $26,158 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,944 @ 7.0% cap · market cap 11.40%
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 - Updated duplex on a corner lot with impact windows and doors, featuring a detached 1-bedroom guest cottage.
Where is this duplex located?
The property is located at 1645 NE 16th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Year built 1951 updated duplex with a spacious 3‑bedroom, 2‑bath main residence; Detached 1‑bedroom, 1‑bath guest cottage plus an additional finished room for an office, studio, or den; Updated kitchens and baths throughout
