Duplex with Private
For Sale
$1,199,995
1707 SW 24th Street 1-2, Fort Lauderdale, FL 33315
Two residences feature updated kitchens and private outdoor areas, with no homeowners association.
Property Size2,177 SF
Price / SF$551.21
Days on Market294
Property Features for 1707 SW 24th Street 1-2
General Information
Standard status
Active
Size
2,177 SF
Property subtype
Duplex
Site & Location
Neighborhood
Roca
Highway Access
Yes
Additional Details
Furnished
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,192
Amenities
private backyard patios with pergolas
Building Details
Building Size
2,177 SF
Year Built
1983
Year Renovated
2024
Buildings
1
Listing Agency:
LoKation
Listed By:
Vitaliy Nikolaenko · License #3410367
(561) 303-6030
Source:
Dietzelber
Added: Jan 8
Changed: Oct 27
Last Checked: Oct 26 at 3:58PM
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 LoKation
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Investment Insights
Based on property information with market context.
Built in 1983, this 2,177-square-foot duplex has two units and private backyard patios with pergolas. Improvements completed during 2023–2024 include a replacement roof, impact windows, a new driveway, two kitchens, four renovated bathrooms, tile flooring, two HVAC systems, and two water heaters. Furnishings are included, and the property has no HOA.
The property is in Fort Lauderdale near I-95, the airport, beaches, parks, shopping, dining, medical services, entertainment, and nightlife.
The property is in Fort Lauderdale near I-95, the airport, beaches, parks, shopping, dining, medical services, entertainment, and nightlife.
Key Highlights
- 2,177‑square‑foot duplex built in 1983
- Two units with private backyard patios and pergolas
- 2023–2024 improvements include a new roof, impact windows, and driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,290
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,800
$725.8K
Cap Rate 7%
$518,429
$518.4K
Cap Rate 9%
$403,222
$403.2K
Market Conditions
NOI Build-Up for 2,177 SF
Gross rent
$54.9K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$51.8K $23.81/SF
− OpEx
−$15.6K −$7.14/SF
NOI
$36.3K $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%
$725,800
Cap Rate 7%
$518,429
Cap Rate 9%
$403,222
Alternative Uses
Best Use
Multifamily LT 5
$518.4K
$453.6K – $604.8K
NOI $36,290 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$467.0K
$408.6K – $544.9K
NOI $32,691 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,406 @ 7.0% cap · market cap 8.53%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
Explore this area
Business Placement
Demographics for 33315, FL
13,555
Population
6,991
Households
1.9
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
2,558
Density / Sq Mi
$90,760
Median Household Income
$43,815
Median Earnings
$1,789
Median Rent
$492,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature updated kitchens and private outdoor areas, with no homeowners association.
Where is this duplex located?
The property is located at 1707 SW 24th Street 1-2 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,199,995.
What are key features of this property?
This property features: 2,177‑square‑foot duplex built in 1983; Two units with private backyard patios and pergolas; 2023–2024 improvements include a new roof, impact windows, and driveway
