Three-Bedroom Half
For Sale
$429,999
837 NW 14th Way, Fort Lauderdale, FL 33311
Open-concept living with quartz counters, impact openings, and a fully fenced backyard.
Property Size1,158 SF
Days on Market30
Property Features for 837 NW 14th Way
General Information
Standard status
Active
Size
1,158 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$8,022
Building Details
Building Size
1,158 SF
Year Built
2021
Listing Agency:
LoKation
Listed By:
Jose Antonio Bolivar · License #3546316
(754) 215-0222
Source:
Tylertuchow
Added: Aug 6
Changed: Sep 2
Last Checked: Sep 2 at 1:09AM
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 LoKation
Investment Insights
Based on property information with market context.
Built in 2021, this half duplex combines a three-bedroom, two-bath layout with tile flooring throughout and an open interior arrangement. The kitchen includes quartz countertops, stainless steel appliances, and substantial cabinet storage. The primary suite features a large walk-in shower, while hurricane impact windows and doors, a tankless water heater, and energy-efficient construction add practical features. A fully fenced backyard provides enclosed outdoor space, and the property has no HOA or rental restrictions.
The home is located at 837 NW 14th Way in Fort Lauderdale, near Downtown Fort Lauderdale, Las Olas, the beach, shopping, dining, and major highways. Its residential configuration and stated rental flexibility support both owner occupancy and investment use, including short-term rental potential.
The home is located at 837 NW 14th Way in Fort Lauderdale, near Downtown Fort Lauderdale, Las Olas, the beach, shopping, dining, and major highways. Its residential configuration and stated rental flexibility support both owner occupancy and investment use, including short-term rental potential.
Key Highlights
- 2021‑built half duplex with 3 bedrooms and 2 baths
- Quartz kitchen countertops, stainless steel appliances, and ample cabinet space
- Hurricane impact windows and doors plus a tankless water heater
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
$17,389
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
4.04%
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%
$347,780
$347.8K
Cap Rate 7%
$248,414
$248.4K
Cap Rate 9%
$193,211
$193.2K
Market Conditions
NOI Build-Up for 1,158 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
$33.4K $28.80/SF
− Vacancy
−$1.7K −$1.50/SF
EGI
$31.6K $27.30/SF
− OpEx
−$14.2K −$12.29/SF
NOI
$17.4K $15.02/SF
Area
Fort Lauderdale, FL
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
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%
$347,780
Cap Rate 7%
$248,414
Cap Rate 9%
$193,211
Alternative Uses
Best Use
Apartment 5plus
$248.4K
$217.4K – $289.8K
NOI $17,389 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$778.2K
$680.9K – $907.9K
NOI $54,472 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,189
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept living with quartz counters, impact openings, and a fully fenced backyard.
Where is this residential income property located?
The property is located at 837 NW 14th Way Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $429,999.
What are key features of this property?
This property features: 2021‑built half duplex with 3 bedrooms and 2 baths; Quartz kitchen countertops, stainless steel appliances, and ample cabinet space; Hurricane impact windows and doors plus a tankless water heater
