Duplex with
New
For Sale
$1,200,000
2908 Middle River Drive, Fort Lauderdale, FL 33306
Two residences have distinct bedroom and bathroom layouts, with a pool, patio, and fenced yard.
Property Size3,813 SF
Price / SF$314.71
Days on Market3
Property Features for 2908 Middle River Drive
General Information
Standard status
Active
Size
3,813 SF
Total Parking Spaces
7
Property subtype
Residential Income
Zoning
RD-15
Taxes and HOA fees
Annual Taxes
$6,324
Building Details
Building Size
3,813 SF
Year Built
1954
Stories
1
Listing Agency:
Century 21 Hansen Realty Inc
Listed By:
Nancy A Cumella
(203) 417-9320
Source:
Laerrealty
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 8 at 2:17AM
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 Century 21 Hansen Realty Inc
Investment Insights
Based on property information with market context.
This Fort Lauderdale duplex contains two residences with a combined 3,813 square feet of living area. One unit has 3 bedrooms and 3 baths; the other has 2 bedrooms and 2.5 baths. Outdoor features include a pool, patio, and fenced yard. Impact windows are installed throughout, and the property also has two A/C systems, a circular driveway, and additional parking.
The property occupies a 12,039-square-foot corner lot in the Coral Ridge Country Club area. Nearby destinations noted include the beach, Target, Coral Ridge Mall, restaurants, shopping, and major roadways. The property is zoned RD-15 and was built in 1954.
The property occupies a 12,039-square-foot corner lot in the Coral Ridge Country Club area. Nearby destinations noted include the beach, Target, Coral Ridge Mall, restaurants, shopping, and major roadways. The property is zoned RD-15 and was built in 1954.
Key Highlights
- Two‑unit duplex with 3,813 square feet of living area
- 12,039‑square‑foot corner lot in the Coral Ridge Country Club area
- Unit 1: 3 bedrooms and 3 baths; Unit 2: 2 bedrooms and 2.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,562
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,271,240
$1.3M
Cap Rate 7%
$908,029
$908.0K
Cap Rate 9%
$706,244
$706.2K
Market Conditions
NOI Build-Up for 3,813 SF
Gross rent
$96.1K $25.20/SF
− Vacancy
−$5.3K −$1.39/SF
EGI
$90.8K $23.81/SF
− OpEx
−$27.2K −$7.14/SF
NOI
$63.6K $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%
$1,271,240
Cap Rate 7%
$908,029
Cap Rate 9%
$706,244
Alternative Uses
Best Use
Multifamily LT 5
$908.0K
$794.5K – $1.06M
NOI $63,562 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$818.0K
$715.7K – $954.3K
NOI $57,257 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,364 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,153
Businesses Nearby
Explore this area
Business Placement
Demographics for 33306, FL
3,526
Population
2,109
Households
1.7
Avg Household Size
53
Median Age
44%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
3,918
Density / Sq Mi
$82,375
Median Household Income
$77,118
Median Earnings
$1,369
Median Rent
$469,800
Median Home Value
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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 residences have distinct bedroom and bathroom layouts, with a pool, patio, and fenced yard.
Where is this duplex located?
The property is located at 2908 Middle River Drive Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,813 square feet of living area; 12,039‑square‑foot corner lot in the Coral Ridge Country Club area; Unit 1: 3 bedrooms and 3 baths; Unit 2: 2 bedrooms and 2.5 baths
