Tenant-Occupied
510 NW 13th Street, Fort Lauderdale, FL 33311
For Sale
$484,990
Both residences are leased to tenants who are current on their obligations.
Property Size1,742 SF
Price / SF$278.41
Days on Market90
Property Features for 510 NW 13th Street
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Homeinc Realty LLC
Listed By:
Evan L Forero · License FL #3563386
(954) 770-0794
Source:
Redpinrealty
Added: Aug 13
Changed: Nov 7
Last Checked: Nov 9 at 3:49PM
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 Homeinc Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two occupied residences, with tenants described as performing. The building dates to 1965 and contains 1,742 square feet.
The property is located on NW 13th Street in Fort Lauderdale, Florida.
The property is located on NW 13th Street in Fort Lauderdale, Florida.
Key Highlights
- Two occupied units with performing tenants
- 1,742‑square‑foot duplex built in 1965
- Located on NW 13th Street in Fort Lauderdale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,039
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,780
$580.8K
Cap Rate 7%
$414,843
$414.8K
Cap Rate 9%
$322,656
$322.7K
Market Conditions
NOI Build-Up for 1,742 SF
Gross rent
$43.9K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$41.5K $23.81/SF
− OpEx
−$12.4K −$7.14/SF
NOI
$29.0K $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%
$580,780
Cap Rate 7%
$414,843
Cap Rate 9%
$322,656
Alternative Uses
Best Use
Multifamily LT 5
$414.8K
$363.0K – $484.0K
NOI $29,039 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$373.7K
$327.0K – $436.0K
NOI $26,158 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,944 @ 7.0% cap · market cap 16.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,904
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
$276,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Fort Lauderdale, FL
Properties on Market for Duplexes in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased to tenants who are current on their obligations.
Where is this duplex located?
The property is located at 510 NW 13th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $484,990.
What are key features of this property?
This property features: Two occupied units with performing tenants; 1,742‑square‑foot duplex built in 1965; Located on NW 13th Street in Fort Lauderdale
