Turnkey Fourplex with In-Unit
2620 NW 18th TER Oakland Park, FL 33311
2620 NW 18th TER, Oakland Park, FL, 33311
$929,000
For Sale
$929,000
MULTI_FAMILY - Other - Oakland Park, FL
Property Size2,976 SF
Price / SF$312.16
Days on Market23
Property Features for 2620 NW 18th TER
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 8
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 3, Bedroom 8, Bedroom 5
- Parking
- 8
- Standard status
- Active
- APN
- 494228000360
- Size
- 2,976 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 28-49-42 S 85 OF N 405 OF E1/2 OF E1/2 OF SE1/4 OF SW1/4 OF NW1/4 LESS W 25 FOR RD
- Tax Annual Amount
- 20035
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1964
- Floors in Building
- 1
- Flooring type
- Vinyl
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
Elite Sales Group
(305) 554-1544
Listed by
Daniel Echague · License #3280149
(305) 283-9594
Added: Jul 1 Updated: Jul 18 at 1:39AM Checked: Jul 23 at 11:06AM
MLS# A12018901
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 turnkey fourplex offers four fully renovated residential units with spacious 2-bedroom, 1-bath layouts. Each unit features in-unit washer and dryer, assigned parking, and modern interior finishes. Renovations include updated kitchens and bathrooms, new flooring, upgraded appliances, and impact windows. The property also includes separate electric and water meters, providing dedicated utilities per unit.
The property is located in Oakland Park, Florida, and is described as being minutes from Downtown Fort Lauderdale, Wilton Manors, I-95, Las Olas, beaches, shopping, dining, and major employment hubs.
For buyers seeking a move-in-ready rental property, this configuration supports straightforward operations with four separate residential units, private in-unit laundry, and separate metering. The recent updates to major finishes and fixtures may help reduce near-term capital concerns relative to a non-renovated property. Assigned parking and impact windows are practical features for tenant comfort and day-to-day durability.
The property is located in Oakland Park, Florida, and is described as being minutes from Downtown Fort Lauderdale, Wilton Manors, I-95, Las Olas, beaches, shopping, dining, and major employment hubs.
For buyers seeking a move-in-ready rental property, this configuration supports straightforward operations with four separate residential units, private in-unit laundry, and separate metering. The recent updates to major finishes and fixtures may help reduce near-term capital concerns relative to a non-renovated property. Assigned parking and impact windows are practical features for tenant comfort and day-to-day durability.
Key Highlights
- 4‑unit block construction property built in 1964
- 2BD/1BA unit layout with in‑unit washer and dryer
- Separate electric and water meters for each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.0k | $25.20 |
| − Vacancy | −$4.1k | −$1.39 |
| EGI | $70.9k | $23.81 |
| − OpEx | −$21.3k | −$7.14 |
| NOI | $49.6k | $16.67 |
2,976 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$708.7K
$620.1K – $826.8K
NOI $49,609 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$653.8K
$572.1K – $762.8K
NOI $45,769 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,690 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully renovated fourplex with 2-bedroom units, in-unit washer/dryer, impact windows, and separate utility meters.
Where is this quadplex located?
The property is located at 2620 NW 18th TER Oakland Park, FL.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: 4‑unit block construction property built in 1964; 2BD/1BA unit layout with in‑unit washer and dryer; Separate electric and water meters for each unit
