Duplex with Separate Utility
For Sale
$608,000
2500 Franklin Dr, Fort Lauderdale, FL 33311
Residential Income, Fort Lauderdale, FL
Property Size1,697 SF
Price / SF$358.28
Days on Market52
Property Features for 2500 Franklin Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RD-5
Bedrooms
4
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 4
Parking
5
Subdivision
FRANKLIN PARK
Lot features
Flood Zone, < 1/4 Acre
Standard status
Active
APN
504205081061
Size
1,697 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
FRANKLIN PARK 21-3 B LOT 44 BLK 14
Tax Annual Amount
7707
Legal Description
FRANKLIN PARK 21-3 B LOT 44 BLK 14
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
hurricane impact windows
separate utility meters
washer and dryer
Building Details
Year built
1989
Floors in Building
1
Flooring type
Wood, Hardwood
Building materials
Block
Roof type
Shingle
Listing Agency:
Dalton Wade Inc
(888) 668-8283
Listed By:
Watson Frage · License #3386107
(786) 278-1094
Added: Aug 23
Changed: Oct 13
Last Checked: Oct 13 at 6:06PM
MLS# A12076246
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1989, this 1,697-square-foot duplex has block construction, hardwood flooring, a shingle roof, central heating and air conditioning, and public sewer service. Impact windows and separate utility meters serve the property. The floor plan is described as a 3-bedroom, 2-bathroom layout, currently arranged as a 2-bedroom, 1-bathroom unit and an efficiency; a washer and dryer are included.
Sunrise Boulevard, major roads, downtown Fort Lauderdale, and the beaches are accessible from the property. Nearby neighborhood features include parks, shopping centers, restaurants, and public transportation.
Sunrise Boulevard, major roads, downtown Fort Lauderdale, and the beaches are accessible from the property. Nearby neighborhood features include parks, shopping centers, restaurants, and public transportation.
Key Highlights
- 1,697‑square‑foot duplex built in 1989
- Currently arranged as a 2‑bedroom, 1‑bathroom unit and an efficiency
- Impact windows and separate utility meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,289
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,780
$565.8K
Cap Rate 7%
$404,129
$404.1K
Cap Rate 9%
$314,322
$314.3K
Market Conditions
NOI Build-Up for 1,697 SF
Gross rent
$42.8K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$40.4K $23.81/SF
− OpEx
−$12.1K −$7.14/SF
NOI
$28.3K $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%
$565,780
Cap Rate 7%
$404,129
Cap Rate 9%
$314,322
Alternative Uses
Best Use
Multifamily LT 5
$404.1K
$353.6K – $471.5K
NOI $28,289 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$364.0K
$318.5K – $424.7K
NOI $25,483 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.14M
$997.8K – $1.33M
NOI $79,827 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
816
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two rental configurations share a property equipped with impact-rated windows and in-unit laundry.
Where is this duplex located?
The property is located at 2500 Franklin Dr Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $608,000.
What are key features of this property?
This property features: 1,697‑square‑foot duplex built in 1989; Currently arranged as a 2‑bedroom, 1‑bathroom unit and an efficiency; Impact windows and separate utility meters
