Legal Duplex on Corner
500 NE 14TH Street Fort Lauderdale, FL 33304
500 NE 14TH Street, Fort Lauderdale, FL, 33304
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For Sale
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Impeccably maintained legal duplex with two electric meters, two addresses, and three paved parking spaces.
Property Size1,416 SF
Price / SF$420.20
Days on Market8
Property Features for 500 NE 14TH Street
General Information
- Standard status
- Active
- Size
- 1,416 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1958
Listing agency
Team Effort Real Estate Inc
(954) 612-1400
Listed by
Peter Orenchuk · License #3051307
Source
Crexi
Added: Jul 16 Updated: Jul 20 at 2:40AM Checked: Jul 22 at 5:24PM
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 Team Effort Real Estate Inc
Investment Insights
Based on property information with market context.
Impeccably maintained legal duplex currently occupied as a single-family home. The property is set up with 2 electric meters, 2 addresses, and 2 hot water heaters, providing a practical foundation for separate living arrangements. With configuration flexibility, it can operate as a 1/1 plus 2/2 layout with 2 kitchens and 3 full bathrooms. A washer/dryer is excluded.
Outside, the duplex sits on a corner lot and features mature exotic foliage, a fountain with aquatic plants, and 2 large storage sheds. The perimeter is enclosed with a complete decorative wood privacy fence with 3 gates, and there are 3 paved parking spaces.
Outside, the duplex sits on a corner lot and features mature exotic foliage, a fountain with aquatic plants, and 2 large storage sheds. The perimeter is enclosed with a complete decorative wood privacy fence with 3 gates, and there are 3 paved parking spaces.
Key Highlights
- Impeccably maintained legal duplex (built 1958) currently occupied as a single‑family home
- 2 electric meters and 2 addresses; has 2 hot water heaters
- Flexible layout: can operate as a 1/1 + 2/2 with 2 kitchens and 3 full bathrooms
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 | $35.7k | $25.20 |
| − Vacancy | −$2.0k | −$1.39 |
| EGI | $33.7k | $23.81 |
| − OpEx | −$10.1k | −$7.14 |
| NOI | $23.6k | $16.67 |
1,416 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$337.2K
$295.1K – $393.4K
NOI $23,604 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$303.8K
$265.8K – $354.4K
NOI $21,263 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$951.6K
$832.6K – $1.11M
NOI $66,609 @ 7.0% cap · market cap 11.19%
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 - Impeccably maintained legal duplex with two electric meters, two addresses, and three paved parking spaces.
Where is this duplex located?
The property is located at 500 NE 14TH Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Impeccably maintained legal duplex (built 1958) currently occupied as a single‑family home; 2 electric meters and 2 addresses; has 2 hot water heaters; Flexible layout: can operate as a 1/1 + 2/2 with 2 kitchens and 3 full bathrooms
