Individually Metered
844 Northwest 18th Avenue Fort Lauderdale, FL 33311
For Sale
$440,000
Two-bedroom, one-bath duplex with separate meters and monthly rental income, with investor reporting available.
Property Size1,290 SF
Price / SF$341.09
Days on Market206
Property Features for 844 Northwest 18th Avenue
General Information
- Standard status
- Active
- Size
- 1,290 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1965
Listing Agency:
Bagroup Realty
(954) 854-8556
Listed By:
Alejandro Bespalko · License #3242070
(954) 854-8556
Source:
Compass
Added: Dec 30, 2025
Changed: Jul 23
Last Checked: Jul 23 at 4:18PM
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 Bagroup Realty
Investment Insights
Based on property information with market context.
This individually metered duplex provides a residential income setup with 2 bedrooms and 1 bathroom. Each unit is separately metered, supporting straightforward utility allocation. Investor income reports are available for review.
The property is located in Fort Lauderdale, with access to I-95 and multiple nearby destinations, including downtown, beaches, and Las Olas. Showings are limited to Monday through Friday from 6:00 PM to 8:00 PM, and on Sundays for all-day access.
The current reported monthly rent is $3,150, offering an immediately income-producing configuration for qualified buyers.
The property is located in Fort Lauderdale, with access to I-95 and multiple nearby destinations, including downtown, beaches, and Las Olas. Showings are limited to Monday through Friday from 6:00 PM to 8:00 PM, and on Sundays for all-day access.
The current reported monthly rent is $3,150, offering an immediately income-producing configuration for qualified buyers.
Key Highlights
- 1965‑built 2‑bedroom, 1‑bath duplex with separately metered units
- Individually metered duplex (public remarks) with investor reporting available
- Current reported rental income of $3,150 per month
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 | $32.5k | $25.20 |
| − Vacancy | −$1.8k | −$1.39 |
| EGI | $30.7k | $23.81 |
| − OpEx | −$9.2k | −$7.14 |
| NOI | $21.5k | $16.67 |
1,290 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$307.2K
$268.8K – $358.4K
NOI $21,504 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$276.7K
$242.1K – $322.9K
NOI $19,371 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$866.9K
$758.5K – $1.01M
NOI $60,682 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-bedroom, one-bath duplex with separate meters and monthly rental income, with investor reporting available.
Where is this duplex located?
The property is located at 844 Northwest 18th Avenue Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 1965‑built 2‑bedroom, 1‑bath duplex with separately metered units; Individually metered duplex (public remarks) with investor reporting available; Current reported rental income of $3,150 per month
