Updated Duplex with Private Back
736 NW 2nd Avenue Fort Lauderdale, FL 33311
736 NW 2nd Avenue, Fort Lauderdale, FL, 33311
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For Sale
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Each updated unit offers in-unit washer and dryer plus private back yard on a large downtown lot.
Property Size1,943 SF
Lot Size0.31 Acres
Price / SF$419.45
Days on Market175
Property Features for 736 NW 2nd Avenue
General Information
- Standard status
- Active
- Size
- 1,943 SF
- Lot size
- 0.31 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1956
Listing agency
Florida Elite Homes Inc.
Listed by
Rinat Hen · License #B26002770
Source
Crexi
Added: Jan 28 Updated: Jul 21 at 7:37PM Checked: Jul 21 at 7:37PM
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 Florida Elite Homes Inc.
Investment Insights
Based on property information with market context.
This very large duplex features two updated units, each with its own private back yard. The first unit has 3 bedrooms and 2 bathrooms and includes a washer and dryer, currently rented for $2,495 per month. The second unit has 2 bedrooms and 1 bathroom, also with a washer and dryer, currently rented for $2,100 per month.
The property is located in the Downtown Fort Lauderdale area at 736 NW 2nd Avenue, about one block from Andrews Ave and one block from Sunrise Blvd. The lot is oversized at 100x135 (13,500 square feet).
Zoned RMM25 high density, the lot provides an opportunity to redevelop up to 7 units.
The property is located in the Downtown Fort Lauderdale area at 736 NW 2nd Avenue, about one block from Andrews Ave and one block from Sunrise Blvd. The lot is oversized at 100x135 (13,500 square feet).
Zoned RMM25 high density, the lot provides an opportunity to redevelop up to 7 units.
Key Highlights
- Year built 1956 duplex with updated units and in‑unit washer/dryer
- 3‑bedroom, 2‑bath unit rented for $2,495/month
- 2‑bedroom, 1‑bath unit rented for $2,100/month
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.0k | $25.20 |
| − Vacancy | −$2.7k | −$1.39 |
| EGI | $46.3k | $23.81 |
| − OpEx | −$13.9k | −$7.14 |
| NOI | $32.4k | $16.67 |
1,943 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$462.7K
$404.9K – $539.8K
NOI $32,389 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$416.8K
$364.7K – $486.3K
NOI $29,177 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,399 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Each updated unit offers in-unit washer and dryer plus private back yard on a large downtown lot.
Where is this duplex located?
The property is located at 736 NW 2nd Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Year built 1956 duplex with updated units and in‑unit washer/dryer; 3‑bedroom, 2‑bath unit rented for $2,495/month; 2‑bedroom, 1‑bath unit rented for $2,100/month
