Duplex Income
For Sale
$440,000
2930 NW 8th Street, Fort Lauderdale, FL 33311
For sale duplex at 2930 NW 8th St, Fort Lauderdale, offering residential income potential.
Property Size1,190 SF
Price / SF$369.75
Days on Market64
Property Features for 2930 NW 8th Street
General Information
Standard status
Active
Size
1,190 SF
Property subtype
Duplex
Building Details
Year Built
1958
Listing Agency:
Keys to Legacy Realty LLC
(954) 900-8797
Listed By:
Christopher W McAnuff · License #3429242
(954) 818-1539
Source:
Lehmannflorida
Added: Jul 7
Changed: Sep 7
Last Checked: Sep 7 at 8:16AM
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 Keys to Legacy Realty LLC
Investment Insights
Based on property information with market context.
This duplex is offered for sale as a residential income property. The listing is categorized as duplexes, multifamily properties, and residential income properties.
The property is located at 2930 NW 8th St in Fort Lauderdale, Florida. The available information supports the unit type as a duplex and the fact that it is being marketed for sale; no additional interior, condition, or layout details were provided in the source materials.
For a complete picture of income potential and feasibility for your use, review the offering details and any available financials or building information associated with the sale listing.
The property is located at 2930 NW 8th St in Fort Lauderdale, Florida. The available information supports the unit type as a duplex and the fact that it is being marketed for sale; no additional interior, condition, or layout details were provided in the source materials.
For a complete picture of income potential and feasibility for your use, review the offering details and any available financials or building information associated with the sale listing.
Key Highlights
- Duplex for sale at 2930 NW 8th St, Fort Lauderdale
- Built in 1958
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,837
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$396,740
$396.7K
Cap Rate 7%
$283,386
$283.4K
Cap Rate 9%
$220,411
$220.4K
Market Conditions
NOI Build-Up for 1,190 SF
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.
Gross rent
$30.0K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$28.3K $23.81/SF
− OpEx
−$8.5K −$7.14/SF
NOI
$19.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$396,740
Cap Rate 7%
$283,386
Cap Rate 9%
$220,411
Alternative Uses
Best Use
Multifamily LT 5
$283.4K
$248.0K – $330.6K
NOI $19,837 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$255.3K
$223.4K – $297.8K
NOI $17,869 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$799.7K
$699.7K – $933.0K
NOI $55,978 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
754
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - For sale duplex at 2930 NW 8th St, Fort Lauderdale, offering residential income potential.
Where is this duplex located?
The property is located at 2930 NW 8th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Duplex for sale at 2930 NW 8th St, Fort Lauderdale; Built in 1958
