Legal Duplex with Separate
2703 Northwest 13th Street Fort Lauderdale, FL 33311
For Sale
$454,900
Legal duplex with separate water and electric meters, with AC replaced in 2025 and a roof in good condition.
Property Size1,241 SF
Price / SF$366.56
Days on Market72
Property Features for 2703 Northwest 13th Street
General Information
- Standard status
- Active
- Size
- 1,241 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1983
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Aixa Skinner · License #3284825
(954) 545-5583
Source:
Compass
Added: May 14
Changed: Jul 20
Last Checked: Jul 23 at 8:58AM
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 LoKation
Investment Insights
Based on property information with market context.
This legal duplex is configured with separate water and electric meters for each unit. The property’s air conditioning was replaced in 2025, and the roof is reported to be in good condition. The listing notes that tenants are currently in place and asks that they not be disturbed.
According to the public remarks, the investment is presented for sale with an indicated 9% cap rate. The property is located at 2703 Northwest 13th Street in Fort Lauderdale, Florida.
According to the public remarks, the investment is presented for sale with an indicated 9% cap rate. The property is located at 2703 Northwest 13th Street in Fort Lauderdale, Florida.
Key Highlights
- Legal duplex built in 1983
- Separate water and electric meters for each unit
- AC replaced in 2025
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 | $31.3k | $25.20 |
| − Vacancy | −$1.7k | −$1.39 |
| EGI | $29.6k | $23.81 |
| − OpEx | −$8.9k | −$7.14 |
| NOI | $20.7k | $16.67 |
1,241 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$295.5K
$258.6K – $344.8K
NOI $20,687 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$266.2K
$232.9K – $310.6K
NOI $18,635 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$834.0K
$729.7K – $973.0K
NOI $58,377 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Legal duplex with separate water and electric meters, with AC replaced in 2025 and a roof in good condition.
Where is this duplex located?
The property is located at 2703 Northwest 13th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $454,900.
What are key features of this property?
This property features: Legal duplex built in 1983; Separate water and electric meters for each unit; AC replaced in 2025
