Duplex with Covered
2318 N Ocean Boulevard Fort Lauderdale, FL 33305
2318 N Ocean Boulevard, Fort Lauderdale, FL, 33305
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For Sale
Contact for pricing
Two-unit duplex near the ocean and Intracoastal Waterway, with outdoor patios for flexible tenant use.
Property Size2,655 SF
Price / SF$489.64
Days on Market41
Property Features for 2318 N Ocean Boulevard
General Information
- Standard status
- Active
- Size
- 2,655 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1952
Listing agency
Balistreri Real Estate Inc
(754) 235-7012
Listed by
Diana Fairbanks · License #3165158
Source
Crexi
Added: Jun 11 Updated: Jul 10 at 2:01PM Checked: Jul 20 at 4:21AM
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 Balistreri Real Estate Inc
Investment Insights
Based on property information with market context.
This duplex includes two spacious residential units, providing a straightforward setup for owner-occupancy or rental use. The first unit is a 3-bedroom, 2-bath residence with a private backyard and a covered patio, designed for everyday indoor-outdoor living. The second unit offers 2 bedrooms and 2 baths, along with its own patio area and an additional kitchenette, which can support tenant flexibility or accommodate multi-generational arrangements.
Located at 2318 N Ocean Boulevard in Fort Lauderdale, the property is described as being just two blocks from both the ocean and the Intracoastal Waterway. That proximity supports a coastal lifestyle, while the duplex configuration gives owners options if they want to hold and lease the property as residential income.
For tenants, the unit layouts offer separate outdoor spaces and, in the second unit, an added kitchenette that may be useful for different household needs. For buyers, the building presents a manageable duplex structure with two distinct living configurations, whether the goal is to maintain the property as a residential income-producing duplex or consider redevelopment planning, subject to applicable requirements.
Located at 2318 N Ocean Boulevard in Fort Lauderdale, the property is described as being just two blocks from both the ocean and the Intracoastal Waterway. That proximity supports a coastal lifestyle, while the duplex configuration gives owners options if they want to hold and lease the property as residential income.
For tenants, the unit layouts offer separate outdoor spaces and, in the second unit, an added kitchenette that may be useful for different household needs. For buyers, the building presents a manageable duplex structure with two distinct living configurations, whether the goal is to maintain the property as a residential income-producing duplex or consider redevelopment planning, subject to applicable requirements.
Key Highlights
- Two‑unit duplex built in 1952, offered as a duplex or for redevelopment possibilities
- Unit 1: 3 bed, 2 bath with a private backyard and covered patio
- Unit 2: 2 bed, 2 bath with its own patio area and an additional kitchenette
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.9k | $25.20 |
| − Vacancy | −$3.7k | −$1.39 |
| EGI | $63.2k | $23.81 |
| − OpEx | −$19.0k | −$7.14 |
| NOI | $44.3k | $16.67 |
2,655 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$632.3K
$553.2K – $737.6K
NOI $44,258 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$569.5K
$498.4K – $664.5K
NOI $39,868 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,891 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit duplex near the ocean and Intracoastal Waterway, with outdoor patios for flexible tenant use.
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 $1,300,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1952, offered as a duplex or for redevelopment possibilities; Unit 1: 3 bed, 2 bath with a private backyard and covered patio; Unit 2: 2 bed, 2 bath with its own patio area and an additional kitchenette
