Two-Story Duplex
For Sale
$850,000
203 NW 12TH Avenue #205, Fort Lauderdale, FL 33311
Residential income property with two separate units and finished living area.
Property Size2,617 SF
Price / SF$324.80
Days on Market55
Property Features for 203 NW 12TH Avenue #205
General Information
Standard status
Active
Size
2,617 SF
Property subtype
Duplex
Site & Location
Neighborhood
Dyrv
Additional Details
Multifamily Units
2
Building Details
Year Built
2009
Stories
2
Listing Agency:
Compass Florida LLC
(561) 270-5384
Listed By:
Ernst Toussaint · License #3555597
(561) 713-5679
Source:
Lehmannflorida
Added: Sep 5
Changed: Oct 27
Last Checked: Oct 28 at 7:03AM
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
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Investment Insights
Based on property information with market context.
Built in 2009, this two-story duplex contains 2,617 square feet of finished area arranged across two residential units. The dual-unit configuration supports separate occupancy within one residential income property.
The property is located at 203 NW 12TH Avenue Unit 205 in Fort Lauderdale, Florida 33311, within the Seminole Forest area.
The property is located at 203 NW 12TH Avenue Unit 205 in Fort Lauderdale, Florida 33311, within the Seminole Forest area.
Key Highlights
- 2,617 square feet of finished area
- Two‑story duplex with two residential units
- Built in 2009
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,625
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,500
$872.5K
Cap Rate 7%
$623,214
$623.2K
Cap Rate 9%
$484,722
$484.7K
Market Conditions
NOI Build-Up for 2,617 SF
Gross rent
$65.9K $25.20/SF
− Vacancy
−$3.6K −$1.39/SF
EGI
$62.3K $23.81/SF
− OpEx
−$18.7K −$7.14/SF
NOI
$43.6K $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%
$872,500
Cap Rate 7%
$623,214
Cap Rate 9%
$484,722
Alternative Uses
Best Use
Multifamily LT 5
$623.2K
$545.3K – $727.1K
NOI $43,625 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$561.4K
$491.2K – $655.0K
NOI $39,298 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,104 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,427
Businesses Nearby
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Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with two separate units and finished living area.
Where is this duplex located?
The property is located at 203 NW 12TH Avenue #205 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,617 square feet of finished area; Two‑story duplex with two residential units; Built in 2009
