Occupied Duplex with Private
For Sale
Contact for pricing
2301 NW 23RD Lane # 2 #1-2, Fort Lauderdale, FL 33311
Two two-bedroom units offer private backyards and separate utility metering.
Property Size1,232 SF
Price / SF$353.08
Days on Market63
Property Features for 2301 NW 23RD Lane # 2 #1-2
General Information
Standard status
Active
Size
1,232 SF
Property subtype
Multifamily
Zoning
RD-10
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,700
Amenities
tile floors
newer split AC units
washer and dryer
private backyards
Building Details
Year Built
1965
Units
2
Tenancy
Multi
Listing Agency:
Bex Realty, LLC
Listed By:
Ofir Rajoan · License #3361325
(954) 822-0658
Source:
Crexi
Added: Aug 6
Changed: Sep 23
Last Checked: Oct 7 at 12:48PM
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 Bex Realty, LLC
Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 1-bathroom residences within 1,232 square feet. Both units have tile flooring, newer split AC systems, and in-unit washer and dryer equipment. Each residence also includes a private backyard, providing dedicated outdoor space for occupants.
The property is fully occupied and uses separate water and electric meters, with tenants responsible for all utilities. Built in 1965, the duplex is zoned RD-10 and is located at 2301 NW 23RD Lane in Fort Lauderdale, Florida.
The property is fully occupied and uses separate water and electric meters, with tenants responsible for all utilities. Built in 1965, the duplex is zoned RD-10 and is located at 2301 NW 23RD Lane in Fort Lauderdale, Florida.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- 1,232 SF duplex built in 1965
- Fully occupied property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,537
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,740
$410.7K
Cap Rate 7%
$293,386
$293.4K
Cap Rate 9%
$228,189
$228.2K
Market Conditions
NOI Build-Up for 1,232 SF
Gross rent
$31.0K $25.20/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$29.3K $23.81/SF
− OpEx
−$8.8K −$7.14/SF
NOI
$20.5K $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%
$410,740
Cap Rate 7%
$293,386
Cap Rate 9%
$228,189
Alternative Uses
Best Use
Multifamily LT 5
$293.4K
$256.7K – $342.3K
NOI $20,537 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$264.3K
$231.3K – $308.3K
NOI $18,500 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$827.9K
$724.4K – $965.9K
NOI $57,953 @ 7.0% cap · market cap 13.32%
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
715
Businesses Nearby
Explore this area
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
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 units offer private backyards and separate utility metering.
Where is this duplex located?
The property is located at 2301 NW 23RD Lane # 2 #1-2 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; 1,232 SF duplex built in 1965; Fully occupied property
