951 SW 29th Street, Fort Lauderdale, FL 33315
For Sale
$755,000
The property offers four bedrooms and two bathrooms in a functional residential layout.
Property Size1,637 SF
Days on Market8
Property Features for 951 SW 29th Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
United Realty Group Inc
Listed By:
Ana L. Silva Saavedra · License FL #3280733
(786) 488-7202
Source:
Tylertuchow
Added: Nov 8
Changed: Nov 14
Last Checked: Nov 14 at 2:08PM
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 United Realty Group Inc
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Investment Insights
Based on property information with market context.
This Fort Lauderdale duplex has a four-bedroom, two-bathroom layout with living areas and bedrooms. Built in 1953, the property is described as close to the airport and has access to shopping, dining, schools, and major roadways.
Key Highlights
- Four‑bedroom, two‑bathroom layout
- Built in 1953
- Close to the Fort Lauderdale airport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,288
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,760
$545.8K
Cap Rate 7%
$389,829
$389.8K
Cap Rate 9%
$303,200
$303.2K
Market Conditions
NOI Build-Up for 1,637 SF
Gross rent
$41.3K $25.20/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$39.0K $23.81/SF
− OpEx
−$11.7K −$7.14/SF
NOI
$27.3K $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 Rate 5%
$545,760
Cap Rate 7%
$389,829
Cap Rate 9%
$303,200
Alternative Uses
Best Use
Multifamily LT 5
$389.8K
$341.1K – $454.8K
NOI $27,288 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$351.2K
$307.3K – $409.7K
NOI $24,582 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$1.10M
$962.6K – $1.28M
NOI $77,004 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,100
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
$492,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Fort Lauderdale, FL
Properties on Market for Duplexes in Fort Lauderdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property offers four bedrooms and two bathrooms in a functional residential layout.
Where is this duplex located?
The property is located at 951 SW 29th Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $755,000.
What are key features of this property?
This property features: Four‑bedroom, two‑bathroom layout; Built in 1953; Close to the Fort Lauderdale airport
