Two-Unit Duplex with
For Sale
$749,000
1840 SW 24th Street, Fort Lauderdale, FL 33315
Residential Income, Fort Lauderdale, FL
Property Size1,912 SF
Lot Size0.15 Acres
Price / SF$391.74
Days on Market271
Property Features for 1840 SW 24th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
RML-25
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 3
Patio and Porch features
Patio, Deck
Exterior features
Built-in Barbecue, Custom Lighting, Outdoor Shower
Fencing
Fenced
Subdivision
F A BARRETTS SUB OF W1/2
Lot features
Room for Pool
Directions
Located East of I-95 and south of state rd 84 exit marina mile and head east in an area known as River Oaks
Standard status
Active
APN
504221010020
Size
1,912 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
F A BARRETTS SUB OF W1/2 OF 21-50-42 1-46D N 127.30 OF E 50 OF W 100 OF ALL OF THE FOLLOWING DESC PAR,W 70 OF E 110.48 O
Tax Annual Amount
10226
Legal Description
F A BARRETTS SUB OF W1/2 OF 21-50-42 1-46D N 127.30 OF E 50 OF W 100 OF ALL OF THE FOLLOWING DESC PAR,W 70 OF E 110.48 O
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s), Humidity Control, Electric
Water source
Public
Building Details
Year built
1972
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Concrete, Stucco
Roof type
Composition
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Yvonne Plass · License #3402236
(561) 860-7053
Added: Jan 9
Changed: Oct 6
Last Checked: Oct 7 at 8:06AM
MLS# R11152984
Copyright © 2026 BeachesMLS. 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 duplex contains two residences, each configured with 2 bedrooms and 2 bathrooms. The building totals 1,912 square feet on a 0.15-acre lot and was built in 1972. Current condition is listed as under construction. Tile flooring, a deck, a patio, fencing, an outdoor shower, and a built-in barbecue are among the property’s features. Public water and sewer serve the site, and cable is available. Furnishings may be included in a sale.
The property is near I-595 and I-95, with access to Fort Lauderdale-Hollywood International Airport, Port Everglades, marinas, hospitals, and employment centers. It is offered as part of a twin-duplex package, with both properties available for sale.
The property is near I-595 and I-95, with access to Fort Lauderdale-Hollywood International Airport, Port Everglades, marinas, hospitals, and employment centers. It is offered as part of a twin-duplex package, with both properties available for sale.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- 1,912 square feet on a 0.15‑acre lot
- RML‑25 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,873
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,460
$637.5K
Cap Rate 7%
$455,329
$455.3K
Cap Rate 9%
$354,144
$354.1K
Market Conditions
NOI Build-Up for 1,912 SF
Gross rent
$48.2K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$45.5K $23.81/SF
− OpEx
−$13.7K −$7.14/SF
NOI
$31.9K $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 Rate 5%
$637,460
Cap Rate 7%
$455,329
Cap Rate 9%
$354,144
Alternative Uses
Best Use
Multifamily LT 5
$455.3K
$398.4K – $531.2K
NOI $31,873 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$410.2K
$358.9K – $478.5K
NOI $28,711 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,940 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - The residence may be conveyed with its furnishings and is zoned RML-25.
Where is this duplex located?
The property is located at 1840 SW 24th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; 1,912 square feet on a 0.15‑acre lot; RML‑25 zoning
