New
For Sale
$600,000
537 NW 16th Avenue, Fort Lauderdale, FL 33311
The 1954 property contains 1,425 square feet in Fort Lauderdale’s Dorsey Park neighborhood.
Property Size1,425 SF
Price / SF$421.05
Days on Market5
Property Features for 537 NW 16th Avenue
General Information
Standard status
Active
Size
1,425 SF
Property subtype
Duplex
Site & Location
Neighborhood
Dyrv
Building Details
Year Built
1954
Listing Agency:
Iconic Realty and Associates
(954) 228-8311
Listed By:
Malaynie Aquino · License #3631964
(645) 333-6263
Source:
Lehmannflorida
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 2:37AM
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 Iconic Realty and Associates
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Investment Insights
Based on property information with market context.
This duplex in Fort Lauderdale’s Dorsey Park neighborhood was built in 1954 and contains 1,425 square feet. Its established residential setting places it within the city, with the property address at 537 NW 16th Avenue.
Key Highlights
- 1,425‑square‑foot duplex
- Built in 1954
- Located in Fort Lauderdale’s Dorsey Park neighborhood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,754
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,080
$475.1K
Cap Rate 7%
$339,343
$339.3K
Cap Rate 9%
$263,933
$263.9K
Market Conditions
NOI Build-Up for 1,425 SF
Gross rent
$35.9K $25.20/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$33.9K $23.81/SF
− OpEx
−$10.2K −$7.14/SF
NOI
$23.8K $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 Rate 5%
$475,080
Cap Rate 7%
$339,343
Cap Rate 9%
$263,933
Alternative Uses
Best Use
Multifamily LT 5
$339.3K
$296.9K – $395.9K
NOI $23,754 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$305.7K
$267.5K – $356.6K
NOI $21,398 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$957.6K
$837.9K – $1.12M
NOI $67,032 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,173
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The 1954 property contains 1,425 square feet in Fort Lauderdale’s Dorsey Park neighborhood.
Where is this duplex located?
The property is located at 537 NW 16th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1,425‑square‑foot duplex; Built in 1954; Located in Fort Lauderdale’s Dorsey Park neighborhood
