Duplex with Private
2318 N Ocean Boulevard, Fort Lauderdale, FL 33305
For Sale
$1,145,000
Residential Income, Fort Lauderdale, FL
Property Size2,423 SF
Lot Size0.15 Acres
Price / SF$472.55
Days on Market150
Property Features for 2318 N Ocean Boulevard
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Pets allowed
Exterior features
Fencing
Subdivision
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Additional Structures
Buildings
Listing Agency:
Balistreri Real Estate Inc
(954) 489-3100
Listed By:
Diana L Fairbanks · License #3165158
(954) 600-4003
Added: Jun 11
Changed: Nov 2
Last Checked: Nov 7 at 9:06PM
MLS# B26041062
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,423-square-foot duplex on a 0.15-acre lot contains two residences: one with 3 bedrooms and 2 bathrooms, and another with 2 bedrooms and 2 bathrooms. Each has a full kitchen and patio; the larger residence also includes a private backyard and covered patio. The property is furnished and was built in 1952. Exterior features include a garden, outdoor shower, storage and fencing. Propane serves the two gas ranges and gas water heaters.
The property is approximately two blocks from the ocean, described as a 2–5-minute walk. Nearby homes include new construction, renovated properties and older residences. Zoning is RS-8. Public water and sewer serve the property.
The roof was replaced in 2020 and includes a 10-year warranty. Shutters date to 2019. The property is presented with options that include continued rental use, renovation or replacement construction.
The property is approximately two blocks from the ocean, described as a 2–5-minute walk. Nearby homes include new construction, renovated properties and older residences. Zoning is RS-8. Public water and sewer serve the property.
The roof was replaced in 2020 and includes a 10-year warranty. Shutters date to 2019. The property is presented with options that include continued rental use, renovation or replacement construction.
Key Highlights
- Two residences: 3 bedrooms and 2 bathrooms in one; 2 bedrooms and 2 bathrooms in the other
- 2,423 square feet on a 0.15‑acre lot
- Approximately two blocks from the ocean; described as a 2–5‑minute walk
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,391
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,820
$807.8K
Cap Rate 7%
$577,014
$577.0K
Cap Rate 9%
$448,789
$448.8K
Market Conditions
NOI Build-Up for 2,423 SF
Gross rent
$61.1K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$57.7K $23.81/SF
− OpEx
−$17.3K −$7.14/SF
NOI
$40.4K $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%
$807,820
Cap Rate 7%
$577,014
Cap Rate 9%
$448,789
Alternative Uses
Best Use
Multifamily LT 5
$577.0K
$504.9K – $673.2K
NOI $40,391 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$519.8K
$454.8K – $606.4K
NOI $36,385 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,978 @ 7.0% cap · market cap 9.95%
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
504
Businesses Nearby
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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
$558,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Fort Lauderdale, FL
Properties on Market for Duplexes in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences feature full kitchens, outdoor space and a furnished interior.
Where is this duplex located?
The property is located at 2318 N Ocean Boulevard Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,145,000.
What are key features of this property?
This property features: Two residences: 3 bedrooms and 2 bathrooms in one; 2 bedrooms and 2 bathrooms in the other; 2,423 square feet on a 0.15‑acre lot; Approximately two blocks from the ocean; described as a 2–5‑minute walk
