Duplex Income
For Sale
$668,000
5401 NE 18th Ave, Fort Lauderdale, FL 33334
For-sale duplex residential income property located at 5401 NE 18th Ave in Fort Lauderdale.
Property Size2,080 SF
Price / SF$321.15
Days on Market61
Property Features for 5401 NE 18th Ave
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Duplex
Amenities
Features: Less Than 1/4 Acre Lot
Roof: Shingle
Sewer: Public Sewer
Parcel Number: 494211071490, Tax Annual Amount: $10,773, Tax Legal Description: CORAL RIDGE ISLES 45-47 B LOT 3 BLK 34, Tax Year: 2025
Flooring: Ceramic Floor
Cooling: Other
Heating: Window/Wall
Rent Includes: None, Standard Status: Active
Parking Total: 8
Living Area: 2080, Architectural Style: Attached, Construction Materials: Concrete Block Construction, Stories: 1, Year Built: 1963, Year Built Details: Resale, Building Name: Coral Ridge Isles 45-47 B, Structure Type: Duplex
County Or Parish: Broward County, MLS Area Major: Coral Ridge Isles 45-47 B, Subdivision Name: Coral Ridge Isles 45-47 B
Leasable Area Units: Square Feet
Units In Community: 1
Possession: Other
Building Details
Year Built
1963
Listing Agency:
Westview Realty
(954) 241-0255
Listed By:
Shun Wong · License #0703266
(305) 303-2828
Source:
Riserealty
Added: Jul 9
Changed: Sep 6
Last Checked: Sep 7 at 7:48AM
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 Westview Realty
Investment Insights
Based on property information with market context.
This duplex residential income property is offered for sale and includes two separate units within a single residential building configuration. It is listed with a total property size of 2,080 square feet.
The property is located at 5401 NE 18th Ave in Fort Lauderdale, Florida 33334. As a duplex, it may be well suited for buyers seeking a multi-unit setup within a single asset.
The listing is classified under duplexes, multifamily properties, and residential income properties, reflecting its use as an income-oriented residential structure.
The property is located at 5401 NE 18th Ave in Fort Lauderdale, Florida 33334. As a duplex, it may be well suited for buyers seeking a multi-unit setup within a single asset.
The listing is classified under duplexes, multifamily properties, and residential income properties, reflecting its use as an income-oriented residential structure.
Key Highlights
- Duplex residential income property for sale
- Year built: 1963
- Located at 5401 NE 18th Ave, Fort Lauderdale
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
$34,673
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
5.19%
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%
$693,460
$693.5K
Cap Rate 7%
$495,329
$495.3K
Cap Rate 9%
$385,256
$385.3K
Market Conditions
NOI Build-Up for 2,080 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
$52.4K $25.20/SF
− Vacancy
−$2.9K −$1.39/SF
EGI
$49.5K $23.81/SF
− OpEx
−$14.9K −$7.14/SF
NOI
$34.7K $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%
$693,460
Cap Rate 7%
$495,329
Cap Rate 9%
$385,256
Alternative Uses
Best Use
Multifamily LT 5
$495.3K
$433.4K – $577.9K
NOI $34,673 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$446.2K
$390.4K – $520.6K
NOI $31,234 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,843 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,899
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
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Frequently Asked Questions
What type of property is this?
Duplex - For-sale duplex residential income property located at 5401 NE 18th Ave in Fort Lauderdale.
Where is this duplex located?
The property is located at 5401 NE 18th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $668,000.
What are key features of this property?
This property features: Duplex residential income property for sale; Year built: 1963; Located at 5401 NE 18th Ave, Fort Lauderdale
