Duplex with Separate Rear
312 SW 12th Avenue, Fort Lauderdale, FL 33312
For Sale
$889,000
Two residences have distinct entrances and outdoor areas, with private parking serving the property.
Property Size1,611 SF
Price / SF$551.83
Days on Market168
Property Features for 312 SW 12th Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fenced patio
dedicated laundry room
expansive fenced yard
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty
Listed By:
Timothy J Singer · License FL #504788
(954) 463-1373
Source:
Waltzerrealty
Added: May 28
Changed: Nov 8
Last Checked: Nov 10 at 4:00PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 1949 duplex in Fort Lauderdale pairs a front residence with a detached-style rear cottage. The front home has 3 bedrooms and 2 bathrooms, plus a fenced patio. At the rear, the renovated cottage offers 2 bedrooms, 1 bathroom, a separate entrance, and a dedicated laundry room. A fenced yard provides outdoor space for the cottage, and private parking is included. The property totals 1,611 square feet.
The property is in Sailboat Bend, near Las Olas, Downtown, the Riverwalk, and Brightline service. The Broward Center for the Performing Arts, restaurants, coffee shops, and major roadways are also nearby. Fort Lauderdale Beach is within reach.
The property is in Sailboat Bend, near Las Olas, Downtown, the Riverwalk, and Brightline service. The Broward Center for the Performing Arts, restaurants, coffee shops, and major roadways are also nearby. Fort Lauderdale Beach is within reach.
Key Highlights
- Two residences: front home with 3 bedrooms and 2 bathrooms; rear cottage with 2 bedrooms and 1 bathroom
- Property totals 1,611 square feet; built in 1949
- Rear cottage is fully renovated and has its own entrance and dedicated laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,855
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,100
$537.1K
Cap Rate 7%
$383,643
$383.6K
Cap Rate 9%
$298,389
$298.4K
Market Conditions
NOI Build-Up for 1,611 SF
Gross rent
$40.6K $25.20/SF
− Vacancy
−$2.2K −$1.39/SF
EGI
$38.4K $23.81/SF
− OpEx
−$11.5K −$7.14/SF
NOI
$26.9K $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%
$537,100
Cap Rate 7%
$383,643
Cap Rate 9%
$298,389
Alternative Uses
Best Use
Multifamily LT 5
$383.6K
$335.7K – $447.6K
NOI $26,855 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$345.6K
$302.4K – $403.2K
NOI $24,191 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$1.08M
$947.3K – $1.26M
NOI $75,781 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7,662
Businesses Nearby
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Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Fort Lauderdale, FL
Properties on Market for Duplexes in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences have distinct entrances and outdoor areas, with private parking serving the property.
Where is this duplex located?
The property is located at 312 SW 12th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Two residences: front home with 3 bedrooms and 2 bathrooms; rear cottage with 2 bedrooms and 1 bathroom; Property totals 1,611 square feet; built in 1949; Rear cottage is fully renovated and has its own entrance and dedicated laundry room
