Updated Duplex with Private
New
For Sale
$799,000
2018-2020 NE 19th St, Fort Lauderdale, FL 33305
Residential Income, Fort Lauderdale, FL
Property Size1,876 SF
Price / SF$425.91
Days on Market3
Property Features for 2018-2020 NE 19th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RMM-25
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2
Parking
4
Subdivision
LAUDER-GATE
Lot features
< 1/4 Acre
Standard status
Active
APN
494236130360
Size
1,876 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
LAUDER-GATE 26-48 B LOT 13 BLK 3
Tax Annual Amount
12056
Legal Description
LAUDER-GATE 26-48 B LOT 13 BLK 3
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
shared laundry
private yard
Building Details
Year built
1953
Floors in Building
1
Flooring type
Vinyl
Building materials
Block
Roof type
Shingle
Listing Agency:
Compass Florida, LLC
(954) 477-7332
Listed By:
Jessie Stier · License #3442064
(954) 649-7890
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 5 at 12:06PM
MLS# A12078489
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 1,876-square-foot duplex, built in 1953, contains two two-bedroom, two-bath residences with updated interiors. Improvements include a shingle roof, impact windows, new flooring, and renovated bathrooms. Unit 2020 is equipped with central AC, while Unit 2018 uses new minisplit systems. Each residence has its own private yard, and the property includes a shared laundry room in the rear yard.
Located at 2018-2020 NE 19th St in Fort Lauderdale, the property is served by public water and public sewer. Both residences are occupied by tenants. Unit 2020 is leased month to month, and the Unit 2018 lease runs through November 14, 2026.
Located at 2018-2020 NE 19th St in Fort Lauderdale, the property is served by public water and public sewer. Both residences are occupied by tenants. Unit 2020 is leased month to month, and the Unit 2018 lease runs through November 14, 2026.
Key Highlights
- 1,876‑square‑foot duplex with two 2BR/2Ba residences
- Updated with impact windows, new flooring, remodeled bathrooms, and a new shingle roof
- Private yard assigned to each residence
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
Property Profile
Current Use
Lease Details
2
Residential units
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 occupied residences include individual outdoor areas and a shared laundry room.
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: 1,876‑square‑foot duplex with two 2BR/2Ba residences; Updated with impact windows, new flooring, remodeled bathrooms, and a new shingle roof; Private yard assigned to each residence
