Duplex with Redevelopment
For Sale
$849,900
3900 NE 22nd Avenue, Lighthouse Point, FL 33064
RD-10 zoning, no HOA, and no rental restrictions provide flexibility for an income-producing duplex.
Property Size2,729 SF
Lot Size0.25 Acres
Price / SF$311.43
Days on Market128
Property Features for 3900 NE 22nd Avenue
General Information
Standard status
Active
Size
2,729 SF
Total Parking Spaces
2
Lot size
0.25 Acres
Property subtype
Duplex
Zoning
RD-10
Amenities
fenced backyard
private laundry room
impact windows
Building Details
Building Size
2,729 SF
Year Built
1964
Buildings
1
Tenancy
Multi
Listing Agency:
LoKation
(786) 771-8535
Listed By:
Amanda Viriato · License #3424164
(786) 771-8535
Source:
Pamandtoni
Added: Mar 31
Changed: Jul 31
Last Checked: Aug 4 at 8:45AM
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 existing duplex sits on a 10,828 SF lot and includes a 2 Bedroom plus Den layout, fenced backyard, private laundry room, circular 2-car parking, and impact windows. The property is being sold AS-IS. Photos represent the south unit; the north unit has a similar layout with carpeted rooms.
The property is located in Lighthouse Point, close to beaches, marinas, shopping, and dining. RD-10 zoning allows structures up to 33ft tall, while the absence of an HOA and rental restrictions provides flexibility for continued duplex use or redevelopment. The property was built in 1964.
The property is located in Lighthouse Point, close to beaches, marinas, shopping, and dining. RD-10 zoning allows structures up to 33ft tall, while the absence of an HOA and rental restrictions provides flexibility for continued duplex use or redevelopment. The property was built in 1964.
Key Highlights
- 10,828 SF lot with an existing duplex
- RD‑10 zoning allows structures up to 33ft tall
- No HOA and no rental restrictions
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 | $68.8k | $25.20 |
| − Vacancy | −$3.8k | −$1.39 |
| EGI | $65.0k | $23.81 |
| − OpEx | −$19.5k | −$7.14 |
| NOI | $45.5k | $16.67 |
2,729 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$649.9K
$568.7K – $758.2K
NOI $45,492 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$599.6K
$524.6K – $699.5K
NOI $41,970 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.38M
$1.21M – $1.62M
NOI $96,918 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Explore this area
Business Placement
Demographics for 33064, FL
62,429
Population
26,641
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
82%
High-School Grad
10.2 sq mi
ZIP Area
6,120
Density / Sq Mi
$66,269
Median Household Income
$35,090
Median Earnings
$1,689
Median Rent
$293,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - RD-10 zoning, no HOA, and no rental restrictions provide flexibility for an income-producing duplex.
Where is this duplex located?
The property is located at 3900 NE 22nd Avenue Lighthouse Point, FL.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 10,828 SF lot with an existing duplex; RD‑10 zoning allows structures up to 33ft tall; No HOA and no rental restrictions
