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1118-1120 NW 2nd Ave, Fort Lauderdale, FL, 33311

2beds
2baths
1,368sqft
$640,000
$468price/sqft
$4,798/moest. monthly cost
$191,920/yrincome needed

About This Home

Excellent investment opportunity in an unbeatable location. This duplex is strategically located near US-1, Las Olas Boulevard, and just minutes from the beach. The property features two independent 1-bedroom, 1-bathroom apartments, both currently rented, guaranteeing immediate income. It includes new appliances and a large private yard with great potential for expansion or further development. This is an ideal property for investors seeking profitability and appreciation in one of the most desirable areas.

Getting Around

83
WalkingVery Walkable
48
TransitSome Transit
70
BikeVery Bikeable

Schools

8/10
6/10
Sunrise Middle SchoolGrades 6-81.5 mi
4/10
Dillard High SchoolGrades 6-121.9 mi

Construction

Condition

  • Year built: 1961

Materials

  • Roof: Wood Shingle Roof
  • Construction materials: Concrete Block Construction

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2

Features

  • Flooring: Ceramic Tile

Heating & Cooling

  • Heating features: Window/Wall
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,368
  • Total interior livable area: 1,368 sqft

Property

Details

  • Parcel number: 494234039010
  • Zoning: RD-15

Features

  • Stories: 1
  • Patio & porch: Patio

Lot

  • Features: 1/4 To Less Than 1/2 Acre Lot

Parking

  • Total spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Inland Flooding
Lightning
Heat Wave
Tsunami

FEMA Declared Disasters in Broward County and Florida

Flood
Hurricane
Severe Storm
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,236$38,832
Home Insurance *$854$10,248
Property Taxes $511$6,132
Electricity $197$2,366
Total$4,798$57,576
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$164,502/yr
40% on housing$143,940/yr
45% on housing$127,946/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.8%
11.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 4.5%
4.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$468This listing

vs Other Active Listings

Avg $/sqft

ZIP 33311$227
Broward County$319

vs Homes Sold Last Month

Median $/sqft

ZIP 33311$327
Broward County$352

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-01-28Listed for sale$640,000
2024-08-14Sold$484,000
2024-01-08Listed for sale$495,000
2005-12-28Sold$239,000
2003-12-11Sold$129,000
1996-03-21Sold$51,000
1995-12-27Sold$37,000

For Sale by Agent

AgentBeatriz Misas Restrepo
BrokeragePotential Property Group

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