Renovated Duplex With Two
For Sale
Contact for pricing
1730 NE 56th Court # 1732 #1730-1732, Fort Lauderdale, FL 33334
Renovated duplex offers two spacious open-concept apartments with updated kitchens, private laundry, and hurricane-impact protection.
Property Size2,576 SF
Price / SF$347.44
Days on Market67
Property Features for 1730 NE 56th Court # 1732 #1730-1732
General Information
Standard status
Active
Size
2,576 SF
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
RD-15
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1964
Units
3
Tenancy
Multi
Listing Agency:
NuConcept Realty
(305) 710-8915
Listed By:
Osbourne Mowatt · License #FL 0644844
Source:
Crexi
Added: Jun 13
Changed: Aug 8
Last Checked: Jul 17 at 7:46AM
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 NuConcept Realty
Investment Insights
Based on property information with market context.
This renovated duplex is situated on a lushly landscaped lot and includes two separate apartments. Each unit features a spacious open-concept layout with porcelain wood plank tile flooring throughout. Kitchens are updated with quartz countertops, stainless steel appliances, and shaker cabinetry, and both baths are customized with tile finishes. Bedrooms are generously sized with walk-in closets and ceiling fans, and each apartment includes an in-unit washer and dryer. Hurricane-impact windows and doors, LED lighting, and a large fenced yard add to the durability and comfort of the homes. The property also includes an attached two-car garage and offers a split floorplan with two primary suites and an additional Florida room, based on the described 3/3 configuration. A 1/1 apartment includes a private east-side entrance. Electrical panel and water heater were replaced in 2021, and there are separate electric meters.
The duplex is located in Coral Ridge Isles, with access to nearby shopping, I-95, and the beach. The property is also described as being close to top-rated schools.
For buyers seeking a renovated residential income property, the two-unit setup with separate electric meters can support independent tenant living. The combination of updated finishes, in-unit laundry, impact protection, and a fenced yard are practical improvements for tenant comfort and day-to-day usability, while the garage and flexible Florida room layout may appeal to residents looking for additional space.
The duplex is located in Coral Ridge Isles, with access to nearby shopping, I-95, and the beach. The property is also described as being close to top-rated schools.
For buyers seeking a renovated residential income property, the two-unit setup with separate electric meters can support independent tenant living. The combination of updated finishes, in-unit laundry, impact protection, and a fenced yard are practical improvements for tenant comfort and day-to-day usability, while the garage and flexible Florida room layout may appeal to residents looking for additional space.
Key Highlights
- Renovated duplex built in 1964 with 2 apartments offering open‑concept layouts
- Updated kitchens with quartz counters, stainless steel appliances, and shaker cabinetry
- Porcelain wood plank tile throughout, custom tiled baths, and LED lighting
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,941
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$858,820
$858.8K
Cap Rate 7%
$613,443
$613.4K
Cap Rate 9%
$477,122
$477.1K
Market Conditions
NOI Build-Up for 2,576 SF
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.
Gross rent
$64.9K $25.20/SF
− Vacancy
−$3.6K −$1.39/SF
EGI
$61.3K $23.81/SF
− OpEx
−$18.4K −$7.14/SF
NOI
$42.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$858,820
Cap Rate 7%
$613,443
Cap Rate 9%
$477,122
Alternative Uses
Best Use
Multifamily LT 5
$613.4K
$536.8K – $715.7K
NOI $42,941 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$552.6K
$483.5K – $644.7K
NOI $38,682 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,175 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,272
Businesses Nearby
Explore this area
Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex offers two spacious open-concept apartments with updated kitchens, private laundry, and hurricane-impact protection.
Where is this duplex located?
The property is located at 1730 NE 56th Court # 1732 #1730-1732 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Renovated duplex built in 1964 with 2 apartments offering open‑concept layouts; Updated kitchens with quartz counters, stainless steel appliances, and shaker cabinetry; Porcelain wood plank tile throughout, custom tiled baths, and LED lighting
