Two-Story
For Sale
$850,000
205-203 Nw 12th Ave, Fort Lauderdale, FL 33301
Two-story residential property configured as a duplex with two separate units.
Property Size2,617 SF
Price / SF$324.80
Days on Market70
Property Features for 205-203 Nw 12th Ave
General Information
Standard status
Active
Size
2,617 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Bhts
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,646
Building Details
Stories
2
Listing Agency:
Compass Florida LLC
(561) 270-5384
Listed By:
Ernst Toussaint · License #3555597
(561) 713-5679
Source:
Exprealty
Added: Aug 21
Changed: Oct 25
Last Checked: Oct 28 at 10:54AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story duplex contains 2,617 square feet of finished space and is configured with two residential units. The property is located at 205-203 NW 12th Ave in Fort Lauderdale’s Seminole Forest area, providing a defined residential income property format for ownership or portfolio planning.
Key Highlights
- Duplex configuration with two residential units
- 2,617 square feet of finished space
- Two‑story residential income property
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
8,348
Businesses Nearby
Explore this area
Business Placement
Demographics for 33301, FL
19,109
Population
13,955
Households
1.4
Avg Household Size
42
Median Age
62%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
7,644
Density / Sq Mi
$115,421
Median Household Income
$76,365
Median Earnings
$2,341
Median Rent
$751,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story residential property configured as a duplex with two separate units.
Where is this duplex located?
The property is located at 205-203 Nw 12th Ave 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: Duplex configuration with two residential units; 2,617 square feet of finished space; Two‑story residential income property
