Furnished Duplex with Private
New
For Sale
$790,000
1761-1763 NE 52nd Street, Fort Lauderdale, FL 33334
Two furnished residences operate as a short-term rental with en-suite baths, fenced yards, and in-unit laundry.
Property Size2,028 SF
Price / SF$389.55
Days on Market4
Property Features for 1761-1763 NE 52nd Street
General Information
Standard status
Active
Size
2,028 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
RD-15
Additional Details
Furnished
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,881
Amenities
walk-in closets
private en-suite bathrooms
private screened back patios
individual fenced backyards
in-unit washer/dryer
Building Details
Building Size
2,028 SF
Year Built
1960
Buildings
1
Stories
1
Listing Agency:
Keller Williams Capital Realty
(781) 385-9600
Listed By:
Hudson Santana · License #3433427
(781) 385-9600
Source:
Laerrealty
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 4:43AM
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 Capital Realty
Investment Insights
Based on property information with market context.
This duplex contains two furnished residences with distinct layouts and a combined 2,028 square feet. Each unit includes spacious bedrooms with walk-in closets, a private en-suite bathroom, a screened rear patio, an individually fenced backyard, and its own washer and dryer. The property was built in 1960 and carries RD-15 zoning.
The address is 9 minutes from Lauderdale-by-the-Sea and 20 minutes from downtown Las Olas Boulevard. Fort Lauderdale International Airport is 25 minutes away. The property is currently furnished and operated as a short-term rental, while the separate unit configurations also support residential occupancy.
The address is 9 minutes from Lauderdale-by-the-Sea and 20 minutes from downtown Las Olas Boulevard. Fort Lauderdale International Airport is 25 minutes away. The property is currently furnished and operated as a short-term rental, while the separate unit configurations also support residential occupancy.
Key Highlights
- Two‑unit duplex totaling 2,028 square feet
- Furnished and operating as a short‑term rental
- Each unit has a walk‑in closet and private en‑suite bathroom
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
$33,806
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
4.28%
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%
$676,120
$676.1K
Cap Rate 7%
$482,943
$482.9K
Cap Rate 9%
$375,622
$375.6K
Market Conditions
NOI Build-Up for 2,028 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
$51.1K $25.20/SF
− Vacancy
−$2.8K −$1.39/SF
EGI
$48.3K $23.81/SF
− OpEx
−$14.5K −$7.14/SF
NOI
$33.8K $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%
$676,120
Cap Rate 7%
$482,943
Cap Rate 9%
$375,622
Alternative Uses
Best Use
Multifamily LT 5
$482.9K
$422.6K – $563.4K
NOI $33,806 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$435.0K
$380.7K – $507.6K
NOI $30,453 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,397 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,420
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two furnished residences operate as a short-term rental with en-suite baths, fenced yards, and in-unit laundry.
Where is this duplex located?
The property is located at 1761-1763 NE 52nd Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,028 square feet; Furnished and operating as a short‑term rental; Each unit has a walk‑in closet and private en‑suite bathroom
