Two-Unit
For Sale
$1,020,000
5 Ne 16th Ct, Fort Lauderdale, FL 33305
Each residence offers five bedrooms and two bathrooms, and both units are currently rented.
Property Size2,829 SF
Price / SF$360.55
Days on Market10
Property Features for 5 Ne 16th Ct
General Information
Standard status
Active
Size
2,829 SF
Property subtype
ResidentialIncome
Zoning
RDS-15
Site & Location
Neighborhood
Smlr
Units
Unit Mix
2 x 5BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11,570
Amenities
CeramicTile,Laminate
true
5
LessThanQuarterAcre
false
2829
Building Details
Building Size
2,829 SF
Year Built
1975
Stories
2
Listing Agency:
Home Wiz USA
(786) 744-4615
Listed By:
Dariel Paula
Source:
Lacostahomesrealty
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 12:42PM
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
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Investment Insights
Based on property information with market context.
This Fort Lauderdale duplex contains two residences, each configured with five bedrooms and two bathrooms. The 2,829-square-foot property was built in 1975, and interior finishes include ceramic tile and laminate flooring.
The property is zoned RDS-15 and is currently rented.
The property is zoned RDS-15 and is currently rented.
Key Highlights
- Two units, each with 5 bedrooms and 2 bathrooms
- 2,829 square feet
- RDS‑15 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,159
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,180
$943.2K
Cap Rate 7%
$673,700
$673.7K
Cap Rate 9%
$523,989
$524.0K
Market Conditions
NOI Build-Up for 2,829 SF
Gross rent
$71.3K $25.20/SF
− Vacancy
−$3.9K −$1.39/SF
EGI
$67.4K $23.81/SF
− OpEx
−$20.2K −$7.14/SF
NOI
$47.2K $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%
$943,180
Cap Rate 7%
$673,700
Cap Rate 9%
$523,989
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 authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 33305, FL
12,044
Population
8,285
Households
1.5
Avg Household Size
52
Median Age
54%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
5,475
Density / Sq Mi
$89,944
Median Household Income
$60,924
Median Earnings
$1,850
Median Rent
$558,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers five bedrooms and two bathrooms, and both units 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: Two units, each with 5 bedrooms and 2 bathrooms; 2,829 square feet; RDS‑15 zoning
