Updated Two-Unit
For Sale
$415,000
429 NW 14th Avenue, Fort Lauderdale, FL 33311
Both residences are updated two-bedroom, one-bath units and are currently occupied.
Property Size1,170 SF
Price / SF$354.70
Days on Market53
Property Features for 429 NW 14th Avenue
General Information
Standard status
Active
Size
1,170 SF
Property subtype
Duplex
Occupancy
100%
Net Operating Income
$27,360
Financials
Asking Price
$415,000
Cap Rate
6.59%
Gross Income
$39,600
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1962
Buildings
1
Listing Agency:
Trustpoint Realty, LLC.
Listed By:
Joseph Ricardo Suarez · License #3366522
(305) 200-0348
Source:
Lehmannflorida
Added: Aug 18
Changed: Oct 7
Last Checked: Oct 7 at 1:28PM
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 Trustpoint Realty, LLC.
Investment Insights
Based on property information with market context.
This 1,170-square-foot duplex contains two updated residences, each configured with two bedrooms and one bathroom. Built in 1962, the property is fully occupied and provides an established in-place rental operation. The current cap rate is 6.59%, while the stated projection reaches 7.46% at market rents.
Located at 429 NW 14th Avenue in Fort Lauderdale’s 33311 submarket, the property carries RS-8 zoning. Its two-unit configuration offers a straightforward multifamily format with separate residential spaces and an existing tenant base.
Located at 429 NW 14th Avenue in Fort Lauderdale’s 33311 submarket, the property carries RS-8 zoning. Its two-unit configuration offers a straightforward multifamily format with separate residential spaces and an existing tenant base.
Key Highlights
- Two‑unit duplex with 1,170 SF of property size
- Each unit offers 2BR/1BA and updated interiors
- Both units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,504
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,080
$390.1K
Cap Rate 7%
$278,629
$278.6K
Cap Rate 9%
$216,711
$216.7K
Market Conditions
NOI Build-Up for 1,170 SF
Gross rent
$29.5K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.9K $23.81/SF
− OpEx
−$8.4K −$7.14/SF
NOI
$19.5K $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%
$390,080
Cap Rate 7%
$278,629
Cap Rate 9%
$216,711
Alternative Uses
Best Use
Multifamily LT 5
$278.6K
$243.8K – $325.1K
NOI $19,504 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$251.0K
$219.6K – $292.8K
NOI $17,569 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$786.2K
$688.0K – $917.3K
NOI $55,037 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
5,695
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are updated two-bedroom, one-bath units and are currently occupied.
Where is this duplex located?
The property is located at 429 NW 14th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,170 SF of property size; Each unit offers 2BR/1BA and updated interiors; Both units are currently occupied
