Renovated Duplex with
For Sale
$929,000
Pending
5210 NE 14th Way, Fort Lauderdale, FL 33334
Two-unit property with updated kitchens, impact windows, and an outdoor pool.
Property Size2,907 SF
Days on Market61
Property Features for 5210 NE 14th Way
General Information
Standard status
Pending
Size
2,907 SF
Property subtype
Residential Income
Zoning
RMM-25
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,633
Amenities
pool
backyard
Building Details
Building Size
2,907 SF
Year Built
1967
Buildings
1
Stories
1
Listing Agency:
Plus Realty
Listed By:
Leonardo A Hatzihidiris · License #3041042
(561) 376-6501
Source:
Laerrealty
Added: Jul 6
Changed: Aug 30
Last Checked: Aug 30 at 9:29PM
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 Plus Realty
Investment Insights
Based on property information with market context.
This duplex at 5210 NE 14th Way offers 2,813 square feet across two updated units. Improvements include commercial-grade vinyl flooring, impact windows, remodeled bathrooms, and new 4-ton AC units. Each unit has a kitchen with an island and stainless steel appliances, along with refreshed interior finishes.
The property includes a backyard and pool, adding outdoor amenity space for occupants or guests. It is located 5 minutes from the sand and within walking distance of schools, dining, and shops. RMM-25 zoning and a 1967 construction date provide additional context for the asset.
The property includes a backyard and pool, adding outdoor amenity space for occupants or guests. It is located 5 minutes from the sand and within walking distance of schools, dining, and shops. RMM-25 zoning and a 1967 construction date provide additional context for the asset.
Key Highlights
- 2,813‑square‑foot duplex at 5210 NE 14th Way
- RMM‑25 zoning; built in 1967
- New 4‑ton AC units serving the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,892
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$937,840
$937.8K
Cap Rate 7%
$669,886
$669.9K
Cap Rate 9%
$521,022
$521.0K
Market Conditions
NOI Build-Up for 2,813 SF
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.
Gross rent
$70.9K $25.20/SF
− Vacancy
−$3.9K −$1.39/SF
EGI
$67.0K $23.81/SF
− OpEx
−$20.1K −$7.14/SF
NOI
$46.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$937,840
Cap Rate 7%
$669,886
Cap Rate 9%
$521,022
Alternative Uses
Best Use
Multifamily LT 5
$669.9K
$586.2K – $781.5K
NOI $46,892 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$603.4K
$528.0K – $704.0K
NOI $42,241 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.89M
$1.65M – $2.21M
NOI $132,324 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,759
Businesses Nearby
Explore this area
Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with updated kitchens, impact windows, and an outdoor pool.
Where is this duplex located?
The property is located at 5210 NE 14th Way Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: 2,813‑square‑foot duplex at 5210 NE 14th Way; RMM‑25 zoning; built in 1967; New 4‑ton AC units serving the property
