Two-Unit Residential Income
5 NE 16th Ct Fort Lauderdale, FL 33305
5 NE 16th Ct, Fort Lauderdale, FL, 33305
Contact for pricing
For Sale
Contact for pricing
Duplex with two 5-bedroom, 2-bath units that are currently rented.
Property Size2,829 SF
Price / SF$360.55
Days on Market153
Property Features for 5 NE 16th Ct
General Information
- Standard status
- Active
- Size
- 2,829 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1975
Listing agency
Home Wiz USA
(305) 644-6600
Listed by
german grudny · License #3092975
Source
Crexi
Added: Feb 20 Updated: Jul 22 at 10:50AM Checked: Jul 22 at 10:50AM
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 Home Wiz USA
Investment Insights
Based on property information with market context.
This residential income duplex consists of two separate 5-bedroom, 2-bath units. Both units are currently rented, supporting an income-producing configuration for an investor buyer.
The property is listed for sale at 5 NE 16th Ct in Fort Lauderdale, Florida. Per the seller, showings will be conducted only once under contract.
The offering is structured as a two-unit package, with each unit laid out as a full 5-bedroom, 2-bath residence.
The property is listed for sale at 5 NE 16th Ct in Fort Lauderdale, Florida. Per the seller, showings will be conducted only once under contract.
The offering is structured as a two-unit package, with each unit laid out as a full 5-bedroom, 2-bath residence.
Key Highlights
- Duplex built in 1975 with two separate 5‑bedroom, 2‑bath units
- Both units are currently rented
- Showings are scheduled only once the buyer is under contract
Local 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 | $71.3k | $25.20 |
| − Vacancy | −$3.9k | −$1.39 |
| EGI | $67.4k | $23.81 |
| − OpEx | −$20.2k | −$7.14 |
| NOI | $47.2k | $16.67 |
2,829 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$673.7K
$589.5K – $786.0K
NOI $47,159 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$606.9K
$531.0K – $708.0K
NOI $42,481 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,076 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two 5-bedroom, 2-bath units that are currently rented.
Where is this duplex located?
The property is located at 5 NE 16th Ct Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,020,000.
What are key features of this property?
This property features: Duplex built in 1975 with two separate 5‑bedroom, 2‑bath units; Both units are currently rented; Showings are scheduled only once the buyer is under contract
