1317 NE 1st Avenue
Fort Lauderdale, FL, 33304
$
625,000
Bedrooms3
Baths2.0
Sq
1,042
Monthly Estimate*
$
3,899
for $625,000 with 3 bedrooms and 2 full baths. This 1,042 square foot home was built in 1966 on a lot size of 0.155188.
Sunrise on 1st presents a rare duplex offering in the heart of Fort Lauderdale, blending versatile living arrangements with strong income potential. Situated less than two miles from the beach and the vibrant Las Olas corridor, the property enjoys a prime location with immediate access to lifestyle amenities, shopping, dining, and major employment centers.Property OverviewThe front residence is a well-appointed two-bedroom, one-bathroom home with open living spaces, while the rear residence is a private one-bedroom, one-bathroom unit featuring a dedicated deck--perfect for enjoying the outdoors. Both units are equipped with in-unit washers and dryers, a highly desirable feature for renters.The grounds include a spacious, landscaped backyard anchored by a tranquil pond and waterfall, creating a private retreat for tenants or an owner-occupant.
Occupancy & Use Flexibility
The property is currently available for lease, offering options for investors and end-users alike. An owner could occupy one unit while generating rental income from the other, or it could serve as a multi-generational home with an in-law suite. For investors, the property's location and layout make it especially well-suited for short-term rental platforms such as Airbnb or VRBO, as well as turnkey furnished rentals aimed at the growing relocation and corporate housing market.
Income Potential
Market rents in the immediate area support approximately $2,800/month for the two-bedroom front unit and $2,100/month for the one-bedroom rear unit, creating a projected combined gross monthly income of $4,900 (or $58,800 annually). Short term rents 3,000 to 4,500 monthly plus. With limited supply of quality duplexes in this submarket, and with demand for both long-term and furnished short-term housing continuing to rise, the property offers strong yield potential.
Key Highlights
Prime location under 2 miles to the beach, Las Olas, and downtown Fort Lauderdale.
Flexible living arrangement: owner-occupied, investment rental, or in-law suite.
Both residences include washer/dryer unitsan uncommon amenity for duplex product.
Expansive backyard with pond and waterfall, ideal for outdoor enjoyment and tenant appeal.
Market rents point toward robust cash-flow opportunities and Airbnb upside.
Disclaimer
All figures are approximate; buyer to verify all data and confirm with MLS and local market research.
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Features
Exterior
Lot Description
< 1/4 Acre
Exterior Amenities
Deck
Open Patio
Waterfront
No
None
Private Pool Y/N
No
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General
Construction
Block
Concrete
Heating
Central
Electric
Cooling
Central
Electric
Utilities
Cable
Public Sewer
Public Water
Possession
Funding
Roof
Metal
Zoning
RDS-15
HOA
None
Status
Pending
Year Built
1966
REO
No
Subdivision
PROGRESSO
View
Other
Stories Count
1.0
Type
Duplex
Property Type
B
Area
3380
Auction
No
Tax Year
2025
Terms Considered
Cash
Conventional
FHA
VA
Gated Community
No
Short Sale
No
Restrict
None
Taxes
5492.26
Adult 55+
No Hopa
HOA/POA/COA (Monthly)
0.00
Virtual Tour
https://www.propertypanorama.com/1317-NE-1st-Avenue-Fort-Lauderdale-FL-33304/unbranded
Geo Area
FTNE
Legal Description
PROGRESSO 2-18 D LOT 8 BLK 82
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Interior
Flooring
Vinyl Floor
SqFt - Living
1042.00
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Internal Only
OriginalMLSID
RX-11123704
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* Excluded Features
List By
Sophia J Willets
Listing Agent
One Sotheby's International Realty
Broker
sophia@gracecre.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $3,899
- Monthly Property Taxes
- $458
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Multi-family listings in Fort Lauderdale, FL
Average List Price
$1,062,600
Percent of Sale Price
70%
About Fort Lauderdale, FL
179,497
Population
6%
Since 2002
$
58,187
Median Income
44.09
Median Age
18%
Households with Children
Trends Information provided by ATTOM Data Solutions.
368239
Elementary School
368240
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
10/20/2025
|
$625,000
|
-3.85%
|
Price Down
|
|
10/6/2025
|
$650,000
|
-3.70%
|
Price Down
|
|
9/23/2025
|
$675,000
|
-2.88%
|
Price Down
|
|
9/14/2025
|
$695,000
|
|
Listed Price
|