Packaged Duplex Income
925 W Las Olas Boulevard Unit 1-2 Fort Lauderdale, FL 33312
New
For Sale
$1,485,000
Two income-producing duplexes are offered together, with plans approved for redevelopment on the combined parcels.
Property Size3,212 SF
Price / SF$462.33
Days on Market7
Property Features for 925 W Las Olas Boulevard Unit 1-2
General Information
Standard status
Active
Size
3,212 SF
Property subtype
Duplex
Building Details
Year Built
1955
Listing Agency:
Compass Florida LLC
(610) 295-9127
Listed By:
Dominic Posocco · License #3176578
(610) 295-9127
Source:
Lehmannflorida
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 29 at 5:46AM
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 Compass Florida LLC
Investment Insights
Based on property information with market context.
This offering packages two duplex properties together as one investment: 923 and 925 W Las Olas Boulevard. Each duplex provides in-place rental income, and the combined parcels are fully entitled and approved for redevelopment, including a full set of development plans.
The properties are positioned directly on Las Olas Boulevard in Fort Lauderdale’s Downtown area, specifically within Sailboat Bend. The remarks describe the location as an area poised for continued growth tied to the westward expansion of Las Olas.
For investors seeking flexibility, the package is presented with multiple paths to value, including the ability to hold for longer-term income, pursue renovation, or capitalize on the already-approved redevelopment plans.
The properties are positioned directly on Las Olas Boulevard in Fort Lauderdale’s Downtown area, specifically within Sailboat Bend. The remarks describe the location as an area poised for continued growth tied to the westward expansion of Las Olas.
For investors seeking flexibility, the package is presented with multiple paths to value, including the ability to hold for longer-term income, pursue renovation, or capitalize on the already-approved redevelopment plans.
Key Highlights
- Two income‑producing duplexes offered together: 923 and 925 W Las Olas Blvd
- Year built: 1955
- Combined parcels are fully entitled and approved for redevelopment
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 | $80.9k | $25.20 |
| − Vacancy | −$4.5k | −$1.39 |
| EGI | $76.5k | $23.81 |
| − OpEx | −$22.9k | −$7.14 |
| NOI | $53.5k | $16.67 |
3,212 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$764.9K
$669.3K – $892.4K
NOI $53,543 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$689.0K
$602.9K – $803.9K
NOI $48,232 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,092 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two income-producing duplexes are offered together, with plans approved for redevelopment on the combined parcels.
Where is this duplex located?
The property is located at 925 W Las Olas Boulevard Unit 1-2 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: Two income‑producing duplexes offered together: 923 and 925 W Las Olas Blvd; Year built: 1955; Combined parcels are fully entitled and approved for redevelopment
