Duplex with Screened
For Sale
$899,000
1680 NE 34TH Lane, Oakland Park, FL 33334
Residential Income, Oakland Park, FL
Property Size1,984 SF
Lot Size0.19 Acres
Price / SF$453.13
Days on Market48
Property Features for 1680 NE 34TH Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 1
Patio and Porch features
Patio
Pets allowed
No, Yes
Pool private
1
Exterior features
Garden
Fencing
Fenced
Subdivision
OAKLAND PARK SECOND ADD
Elementary school
Oakland Park
Middle school
James S. Rickards
High school
Northeast
Standard status
Active
APN
494223060431
Size
1,984 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
OAKLAND PARK SECOND ADD 2-40 B LOT 19 N 40,20 LESS S 85 & LESS W 5 OF N 20 OF S 105 BLK D
Tax Annual Amount
16100
Legal Description
OAKLAND PARK SECOND ADD 2-40 B LOT 19 N 40,20 LESS S 85 & LESS W 5 OF N 20 OF S 105 BLK D
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
pool
in-unit washer/dryer
fenced backyard
storage
Building Details
Year built
1966
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Laminate
Building materials
CBS
Roof type
Composition
Listing Agency:
Premier Listings
(844) 521-7653
Listed By:
Maria M Acosta · License #3129122
(561) 445-9592
Added: Aug 3
Changed: Sep 18
Last Checked: Sep 19 at 4:06AM
MLS# B26059466
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,984-square-foot duplex contains two 2BR/2BA residences, each with its own entrance, washer and dryer, updated kitchen and bathroom areas, and newer flooring. The property is fully rented and was built in 1966 with CBS construction. Ceramic tile and laminate flooring, central heating, ceiling fans, and central air are among the reported interior features. Unit B also has a new central A/C system and newer appliances.
Outdoor improvements include a screened private pool with marble decking, a cabana bath, patio space, fenced backyards, garden areas, and additional storage. The 0.19-acre property has public water and public sewer, with water available and a composition roof. Located at 1680 NE 34TH Lane in Oakland Park, the duplex is near the Downtown Oakland Park Culinary & Arts District, Funky Buddha Brewery, restaurants, Wilton Manors, shopping, entertainment, and the beach. Zoning is R-2.
Outdoor improvements include a screened private pool with marble decking, a cabana bath, patio space, fenced backyards, garden areas, and additional storage. The 0.19-acre property has public water and public sewer, with water available and a composition roof. Located at 1680 NE 34TH Lane in Oakland Park, the duplex is near the Downtown Oakland Park Culinary & Arts District, Funky Buddha Brewery, restaurants, Wilton Manors, shopping, entertainment, and the beach. Zoning is R-2.
Key Highlights
- Two 2BR/2BA units in a fully rented duplex
- 1,984 square feet on a 0.19‑acre lot
- Screened private pool with marble decking and cabana bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,073
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$661,460
$661.5K
Cap Rate 7%
$472,471
$472.5K
Cap Rate 9%
$367,478
$367.5K
Market Conditions
NOI Build-Up for 1,984 SF
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.
Gross rent
$50.0K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$47.2K $23.81/SF
− OpEx
−$14.2K −$7.14/SF
NOI
$33.1K $16.67/SF
Area
Broward County, 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$661,460
Cap Rate 7%
$472,471
Cap Rate 9%
$367,478
Alternative Uses
Best Use
Multifamily LT 5
$472.5K
$413.4K – $551.2K
NOI $33,073 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$435.9K
$381.4K – $508.6K
NOI $30,513 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$1.01M
$880.8K – $1.17M
NOI $70,460 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,440
Businesses Nearby
Explore this area
Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each two-bedroom residence includes a private entry, in-unit laundry, updated finishes, and access to fenced outdoor space.
Where is this duplex located?
The property is located at 1680 NE 34TH Lane Oakland Park, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two 2BR/2BA units in a fully rented duplex; 1,984 square feet on a 0.19‑acre lot; Screened private pool with marble decking and cabana bath
