Two-Unit Duplex with Updated
615 SW 14th Avenue 1-2, Fort Lauderdale, FL 33312
For Sale
$734,000
Two separate residences share one parcel, offering a flexible setup for extended household use or rental income.
Property Size1,462 SF
Price / SF$502.05
Days on Market217
Property Features for 615 SW 14th Avenue 1-2
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
SELLSTATE 360 REALTY
Listed By:
Robert P Ernst · License FL #3136131
(954) 765-0700
Source:
Waltzerrealty
Added: Apr 9
Changed: Nov 7
Last Checked: Nov 10 at 5:14PM
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 SELLSTATE 360 REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes two updated single-family homes on a shared lot. Each residence has two bedrooms and one bathroom, with 1,462 square feet reported for the property. The homes were built in 1931.
Riverside Park is nearby, with a sports park and playground a couple of blocks away. Abiaka Park, on the New River, is around the corner and offers access to paddle boarding and other water activities.
Riverside Park is nearby, with a sports park and playground a couple of blocks away. Abiaka Park, on the New River, is around the corner and offers access to paddle boarding and other water activities.
Key Highlights
- Two updated single‑family homes on one lot
- Each home has 2 bedrooms and 1 bathroom
- 1,462 square feet; built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,371
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,420
$487.4K
Cap Rate 7%
$348,157
$348.2K
Cap Rate 9%
$270,789
$270.8K
Market Conditions
NOI Build-Up for 1,462 SF
Gross rent
$36.8K $25.20/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$34.8K $23.81/SF
− OpEx
−$10.4K −$7.14/SF
NOI
$24.4K $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%
$487,420
Cap Rate 7%
$348,157
Cap Rate 9%
$270,789
Alternative Uses
Best Use
Multifamily LT 5
$348.2K
$304.6K – $406.2K
NOI $24,371 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$313.6K
$274.4K – $365.9K
NOI $21,954 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$982.5K
$859.7K – $1.15M
NOI $68,772 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
Median Home Value
Market
Average Price Trend$/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 - Two separate residences share one parcel, offering a flexible setup for extended household use or rental income.
Where is this duplex located?
The property is located at 615 SW 14th Avenue 1-2 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $734,000.
What are key features of this property?
This property features: Two updated single‑family homes on one lot; Each home has 2 bedrooms and 1 bathroom; 1,462 square feet; built in 1931
