Updated Two-Unit
New
For Sale
$849,000
838 SW 14th Street, Fort Lauderdale, FL 33315
Two residential units offer renovated kitchens, private outdoor space, and in-unit laundry facilities.
Property Size2,252 SF
Lot Size0.19 Acres
Days on Market5
Property Features for 838 SW 14th Street
General Information
Standard status
Active
Size
2,252 SF
Lot size
0.19 Acres
Property subtype
Duplex
Occupancy
100%
Financials
Gross Income
$66,600
Average Monthly Rent
$2,775
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$13,309
Amenities
in-unit laundry
private backyard
updated kitchens
granite countertops
full-size dishwasher
Building Details
Building Size
2,252 SF
Year Built
1967
Listing Agency:
Better Homes & Gdns RE Fla 1st
Listed By:
Kelly Ann Huguet · License #3329238
(954) 547-6508
Source:
Tylertuchow
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 13 at 12:03PM
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 Better Homes & Gdns RE Fla 1st
Investment Insights
Based on property information with market context.
Built in 1967, this duplex contains two residential units, each with 3 bedrooms and 2 bathrooms. Interior features include updated kitchens with granite countertops and full-size dishwashers, along with dedicated in-unit laundry areas. Both residences open to a large private backyard suitable for outdoor use and pets. The property sits on an 8,430-square-foot lot and has a roof installed in 2021.
The address is less than half a mile from Broward Health Medical Center and I-95, with Downtown Fort Lauderdale, Fort Lauderdale-Hollywood International Airport, and the beach also within the distances stated. The airport is an 8-minute drive, while the beach is 2.5 miles away.
The address is less than half a mile from Broward Health Medical Center and I-95, with Downtown Fort Lauderdale, Fort Lauderdale-Hollywood International Airport, and the beach also within the distances stated. The airport is an 8-minute drive, while the beach is 2.5 miles away.
Key Highlights
- Duplex with two 3‑bedroom, 2‑bathroom units
- 8,430‑square‑foot lot with a large private backyard
- Roof installed in 2021
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
$37,540
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
4.42%
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%
$750,800
$750.8K
Cap Rate 7%
$536,286
$536.3K
Cap Rate 9%
$417,111
$417.1K
Market Conditions
NOI Build-Up for 2,252 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
$56.8K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$53.6K $23.81/SF
− OpEx
−$16.1K −$7.14/SF
NOI
$37.5K $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%
$750,800
Cap Rate 7%
$536,286
Cap Rate 9%
$417,111
Alternative Uses
Best Use
Multifamily LT 5
$536.3K
$469.3K – $625.7K
NOI $37,540 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$483.1K
$422.7K – $563.6K
NOI $33,817 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$1.51M
$1.32M – $1.77M
NOI $105,934 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 33315, FL
13,555
Population
6,991
Households
1.9
Avg Household Size
43
Median Age
35%
College-Educated
94%
High-School Grad
5.3 sq mi
ZIP Area
2,558
Density / Sq Mi
$90,760
Median Household Income
$43,815
Median Earnings
$1,789
Median Rent
$492,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer renovated kitchens, private outdoor space, and in-unit laundry facilities.
Where is this duplex located?
The property is located at 838 SW 14th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Duplex with two 3‑bedroom, 2‑bathroom units; 8,430‑square‑foot lot with a large private backyard; Roof installed in 2021
