Updated Duplex with Private
New
For Sale
$799,000
2018-2020 NE 19th St, Fort Lauderdale, FL 33305
Two two-bedroom, two-bath residences provide individual outdoor space and shared laundry facilities.
Property Size1,876 SF
Days on Market7
Property Features for 2018-2020 NE 19th St
General Information
Standard status
Active
Size
1,876 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,056
Amenities
private yard
laundry room
Building Details
Building Size
1,876 SF
Year Built
1953
Tenancy
Multi
Listing Agency:
Compass Florida, LLC
Listed By:
Jessie Stier · License #3442064
(954) 649-7890
Source:
Relinkre
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 7 at 6:37AM
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 Compass Florida, LLC
Investment Insights
Based on property information with market context.
This duplex at 2018-2020 NE 19th Street includes two residences, each configured with 2BR/2Ba. Recent improvements include a new roof, impact windows, updated flooring, and remodeled bathrooms. Unit 2020 is equipped with central AC, while Unit 2018 has new minisplits. Each residence also has its own private yard, and the property includes a shared laundry room in the backyard.
Both units are currently tenant-occupied. Unit 2020 is leased month to month, while Unit 2018 has a lease ending November 14, 2026. The property was built in 1953 and is zoned RMM-25.
Both units are currently tenant-occupied. Unit 2020 is leased month to month, while Unit 2018 has a lease ending November 14, 2026. The property was built in 1953 and is zoned RMM-25.
Key Highlights
- Two 2BR/2Ba units
- New roof, impact windows, flooring, and remodeled bathrooms
- Private yard for each unit
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
$31,273
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
3.91%
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%
$625,460
$625.5K
Cap Rate 7%
$446,757
$446.8K
Cap Rate 9%
$347,478
$347.5K
Market Conditions
NOI Build-Up for 1,876 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
$47.3K $25.20/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$44.7K $23.81/SF
− OpEx
−$13.4K −$7.14/SF
NOI
$31.3K $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%
$625,460
Cap Rate 7%
$446,757
Cap Rate 9%
$347,478
Alternative Uses
Best Use
Multifamily LT 5
$446.8K
$390.9K – $521.2K
NOI $31,273 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$402.4K
$352.1K – $469.5K
NOI $28,171 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,247 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,412
Businesses Nearby
Explore this area
Business Placement
Demographics for 33305, FL
12,044
Population
8,285
Households
1.5
Avg Household Size
52
Median Age
54%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
5,475
Density / Sq Mi
$89,944
Median Household Income
$60,924
Median Earnings
$1,850
Median Rent
$558,200
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 two-bedroom, two-bath residences provide individual outdoor space and shared laundry facilities.
Where is this duplex located?
The property is located at 2018-2020 NE 19th St 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: Two 2BR/2Ba units; New roof, impact windows, flooring, and remodeled bathrooms; Private yard for each unit
