Duplex with Pool in Oakland
For Sale
$565,000
2343 NW 28th St, Oakland Park, FL 33311
MULTI_FAMILY - Oakland Park, FL
Property Size2,221 SF
Price / SF$254.39
Days on Market30
Property Features for 2343 NW 28th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-1
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Parking
4
Security features
Security
Window features
Blinds
Exterior features
Fence, Security/High Impact Doors, Lighting, Shed
Fencing
Fenced
Subdivision
ZILADEN PROPERTIES
Lot features
Sprinkler System, < 1/4 Acre
Standard status
Active
APN
494229020401
Size
2,221 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
ZILADEN PROPERTIES TAX ASSESSORS MAP MISC PB 2 PG 20 LOT 52 LESS W 10 BLK A
Tax Annual Amount
8174
Legal Description
ZILADEN PROPERTIES TAX ASSESSORS MAP MISC PB 2 PG 20 LOT 52 LESS W 10 BLK A
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
pool
Building Details
Year built
1960
Flooring type
Tile, Laminate
Building materials
Block
Roof type
Shingle
Listing Agency:
EXP Realty LLC
(954) 488-3835
Listed By:
Chloe Crosby · License #3541126
(507) 884-7339
Added: Jul 18
Changed: Aug 3
Last Checked: Aug 16 at 9:06AM
MLS# A12037928
Copyright © 2026 Miami REALTORS®. 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 duplex on a block exterior includes two separately metered units and a shared pool. Unit 1 is a 1-bedroom, 1-bath unit that is currently leased. Unit 2 is a 3-bedroom, 3-bath residence that has been renovated and is ready for a new tenant or owner-occupant.
The entire property includes new impact windows. Exterior features include fencing, security/high-impact doors, lighting, and a shed. Interior finishes include laminate and tile flooring throughout, with a wall furnace providing heating and window unit(s) and wall/window unit(s) providing cooling.
Served by public water and public sewer, the property is supported by additional utilities such as cable availability. Built in 1960 with a shingle roof, the duplex offers a practical two-unit configuration with distinct metering and separate unit layouts.
The entire property includes new impact windows. Exterior features include fencing, security/high-impact doors, lighting, and a shed. Interior finishes include laminate and tile flooring throughout, with a wall furnace providing heating and window unit(s) and wall/window unit(s) providing cooling.
Served by public water and public sewer, the property is supported by additional utilities such as cable availability. Built in 1960 with a shingle roof, the duplex offers a practical two-unit configuration with distinct metering and separate unit layouts.
Key Highlights
- Two separately metered units with shared duplex layout
- Unit 1: 1 bed, 1 bath currently leased
- Unit 2: 3 bed, 3 bath renovated and ready for occupancy
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
$37,024
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
6.55%
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%
$740,480
$740.5K
Cap Rate 7%
$528,914
$528.9K
Cap Rate 9%
$411,378
$411.4K
Market Conditions
NOI Build-Up for 2,221 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
$56.0K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$52.9K $23.81/SF
− OpEx
−$15.9K −$7.14/SF
NOI
$37.0K $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%
$740,480
Cap Rate 7%
$528,914
Cap Rate 9%
$411,378
Alternative Uses
Best Use
Multifamily LT 5
$528.9K
$462.8K – $617.1K
NOI $37,024 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$488.0K
$427.0K – $569.3K
NOI $34,157 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.13M
$986.0K – $1.31M
NOI $78,876 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with a pool featuring two separately metered units, public utilities, and high-impact exterior features.
Where is this duplex located?
The property is located at 2343 NW 28th St Oakland Park, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two separately metered units with shared duplex layout; Unit 1: 1 bed, 1 bath currently leased; Unit 2: 3 bed, 3 bath renovated and ready for occupancy
