Two-Unit Duplex
For Sale
$560,000
532 Northwest 19th Avenue, Fort Lauderdale, FL 33311
Duplex features two 2-bedroom, 1-bath units with separate meters and impact doors and windows.
Property Size1,490 SF
Price / SF$375.84
Days on Market127
Property Features for 532 Northwest 19th Avenue
General Information
Standard status
Active
Size
1,490 SF
Property subtype
Multi-Family Income / Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,702
Amenities
impact doors and windows
separate meters
Building Details
Year Built
1952
Tenancy
Multi
Listing Agency:
Realty One Group Royal Oaks
(305) 456-6540
Listed By:
Minor Ruiz · License #3464089
(305) 456-6540
Source:
Compass
Added: Apr 20
Changed: Aug 23
Last Checked: Aug 21 at 9:17PM
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 Realty One Group Royal Oaks
Investment Insights
Based on property information with market context.
This for-sale duplex includes two separate units, each configured as a 2-bedroom, 1-bath layout. Both units are currently rented on a month-to-month basis. The property also features impact doors and impact windows, and each unit has its own separate meter.
Located in Fort Lauderdale, the duplex is offered as a residential income property with separate metering between units, supporting independent utility usage for each tenant.
Each unit is set up similarly, with the same bedroom and bathroom configuration, which can simplify leasing and tenant turnover considerations compared with mixed layouts.
Located in Fort Lauderdale, the duplex is offered as a residential income property with separate metering between units, supporting independent utility usage for each tenant.
Each unit is set up similarly, with the same bedroom and bathroom configuration, which can simplify leasing and tenant turnover considerations compared with mixed layouts.
Key Highlights
- Duplex built in 1952 with two 2‑bedroom, 1‑bath units
- Each unit is rented at $2,100 per month with month‑to‑month tenants
- Impact doors and windows installed
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
$24,838
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
4.44%
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%
$496,760
$496.8K
Cap Rate 7%
$354,829
$354.8K
Cap Rate 9%
$275,978
$276.0K
Market Conditions
NOI Build-Up for 1,490 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
$37.5K $25.20/SF
− Vacancy
−$2.1K −$1.39/SF
EGI
$35.5K $23.81/SF
− OpEx
−$10.6K −$7.14/SF
NOI
$24.8K $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%
$496,760
Cap Rate 7%
$354,829
Cap Rate 9%
$275,978
Alternative Uses
Best Use
Multifamily LT 5
$354.8K
$310.5K – $414.0K
NOI $24,838 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$319.6K
$279.7K – $372.9K
NOI $22,374 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.00M
$876.1K – $1.17M
NOI $70,090 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,039
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex features two 2-bedroom, 1-bath units with separate meters and impact doors and windows.
Where is this duplex located?
The property is located at 532 Northwest 19th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Duplex built in 1952 with two 2‑bedroom, 1‑bath units; Each unit is rented at $2,100 per month with month‑to‑month tenants; Impact doors and windows installed
