Duplex Residential Income
1850 SW 24th Street Fort Lauderdale, FL 33315
For Sale
$799,000
MULTI_FAMILY - Fort Lauderdale, FL
Property Size1,912 SF
Lot Size0.15 Acres
Price / SF$417.89
Days on Market379
Property Features for 1850 SW 24th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RML-25
Bedrooms
4
Bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 3
Patio and Porch features
Patio
Exterior features
Barbecue
Standard status
Active
APN
504221010026
Size
1,912 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
F A BARRETTS SUB OF W1/2 OF 21-50-42 1-46 D N 127.30 OF W 50 OF ALL OF THE FOLLOWING DESC PAR,W 70 OF E 110.48 OF LOT 1
Tax Annual Amount
9983
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block, Concrete
Roof type
Composition
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Yvonne Plass · License #3402236
(561) 860-7053
Added: Jul 17, 2025
Changed: Jul 29
Last Checked: Jul 30 at 10:06AM
MLS# R11109179
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 residential income property offers a two-unit configuration within a single site, totaling 1,912 square feet. It is listed for sale on an approximately 0.15-acre lot and is governed by RML-25 zoning.
The property is located at 1850 SW 24th Street in Fort Lauderdale, FL 33315, in Broward County. The listing includes the site size and total building size, supporting straightforward evaluation for buyers focused on residential income use.
For investors or owner-occupants seeking a duplex structure, the existing two-unit setup and RML-25 zoning profile can help align the asset with residential income objectives. Buyers can review the property’s total square footage and lot size as part of their underwriting, including planning for occupancy and any updates needed to support their specific operating plan. As presented, the listing provides key fundamentals for due diligence on a residential income duplex in Fort Lauderdale.
The property is located at 1850 SW 24th Street in Fort Lauderdale, FL 33315, in Broward County. The listing includes the site size and total building size, supporting straightforward evaluation for buyers focused on residential income use.
For investors or owner-occupants seeking a duplex structure, the existing two-unit setup and RML-25 zoning profile can help align the asset with residential income objectives. Buyers can review the property’s total square footage and lot size as part of their underwriting, including planning for occupancy and any updates needed to support their specific operating plan. As presented, the listing provides key fundamentals for due diligence on a residential income duplex in Fort Lauderdale.
Key Highlights
- Block and concrete construction with tile flooring and central heating
- Central air cooling with electric HVAC
- Public water and public sewer available
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.2k | $25.20 |
| − Vacancy | −$2.7k | −$1.39 |
| EGI | $45.5k | $23.81 |
| − OpEx | −$13.7k | −$7.14 |
| NOI | $31.9k | $16.67 |
1,912 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$455.3K
$398.4K – $531.2K
NOI $31,873 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$410.2K
$358.9K – $478.5K
NOI $28,711 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,940 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property offered for sale with RML-25 zoning in Fort Lauderdale.
Where is this duplex located?
The property is located at 1850 SW 24th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Block and concrete construction with tile flooring and central heating; Central air cooling with electric HVAC; Public water and public sewer available
