Furnished 2024
For Sale
$1,200,000
1820 SW 9th St, Fort Lauderdale, FL 33312
Residential Income, Fort Lauderdale, FL
Property Size2,576 SF
Price / SF$465.84
Days on Market48
Property Features for 1820 SW 9th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RD-15
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1
Parking
4
Security features
Security
Exterior features
Security/High Impact Doors
Subdivision
RIVERSIDE PARK
Lot features
< 1/4 Acre
Standard status
Active
APN
504209120830
Size
2,576 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
RIVERSIDE PARK 7-24 B LOT 13 BLK 6
Tax Annual Amount
19890
Legal Description
RIVERSIDE PARK 7-24 B LOT 13 BLK 6
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
in-unit washer/dryer
private fenced patios
artificial turf
outdoor seating
charcoal BBQ grill
dedicated parking
Building Details
Year built
2024
Floors in Building
2
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
Avanti Way Realty LLC
(305) 229-1146
Listed By:
Juan Lopez Corredor · License #3605477
(786) 973-8914
Added: Jul 13
Changed: Aug 27
Last Checked: Aug 29 at 10:06AM
MLS# A12052294
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,576-square-foot duplex was completed in 2024 and includes two furnished residences, each with three bedrooms and two bathrooms. Both units offer open living areas, quartz countertops, stainless steel appliances, tile flooring, central heating and cooling, and in-unit washers and dryers. Block construction, shingle roofing, public sewer, and high-impact security doors are also included.
Each residence opens to a private fenced patio with artificial turf, outdoor seating, and a charcoal BBQ grill. Dedicated parking serves the property, and the duplex carries an STR license. Both units are currently operating on Airbnb, providing an established short-term rental setup. The property is located in Fort Lauderdale near FLL Airport, Las Olas Boulevard, downtown Fort Lauderdale, and the beach.
Each residence opens to a private fenced patio with artificial turf, outdoor seating, and a charcoal BBQ grill. Dedicated parking serves the property, and the duplex carries an STR license. Both units are currently operating on Airbnb, providing an established short-term rental setup. The property is located in Fort Lauderdale near FLL Airport, Las Olas Boulevard, downtown Fort Lauderdale, and the beach.
Key Highlights
- 2,576‑square‑foot duplex completed in 2024
- Two 3‑bedroom, 2‑bathroom furnished residences
- STR licensed with both units operating on Airbnb
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
3.58%
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 3.58%
Second Best
Apartment 5plus
$552.6K
$483.5K – $644.7K
NOI $38,682 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,175 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
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 feature three bedrooms, two baths, private patios, and dedicated parking.
Where is this duplex located?
The property is located at 1820 SW 9th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,576‑square‑foot duplex completed in 2024; Two 3‑bedroom, 2‑bathroom furnished residences; STR licensed with both units operating on Airbnb
