One-Story
For Sale
$649,000
1-3-805 Ne 40th St, Oakland Park, FL 33334
Three-unit residential property with a single-level layout in Oakland Park.
Property Size1,590 SF
Price / SF$408.18
Days on Market96
Property Features for 1-3-805 Ne 40th St
General Information
Standard status
Active
Size
1,590 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,287
Building Details
Buildings
1
Stories
1
Listing Agency:
Grandiose Real Estate LLC
(954) 650-0597
Listed By:
Brian J McCarthy · License #3213610
(954) 258-1435
Source:
Exprealty
Added: Jul 4
Changed: Sep 24
Last Checked: Oct 5 at 9:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grandiose Real Estate LLC
Investment Insights
Based on property information with market context.
This one-story triplex contains 1,590 square feet of finished living space and is configured as a three-unit residential property. The single-level design provides a straightforward physical arrangement for the asset.
The property is located at 1-3-805 NE 40th St in Oakland Park, Florida, placing the three-unit residence within the Oakland Park community. Its finished interior area and triplex configuration provide the defining characteristics for evaluating this multifamily property.
The property is located at 1-3-805 NE 40th St in Oakland Park, Florida, placing the three-unit residence within the Oakland Park community. Its finished interior area and triplex configuration provide the defining characteristics for evaluating this multifamily property.
Key Highlights
- Three‑unit triplex configuration
- 1,590 square feet of finished living space
- One‑story residential layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,505
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,100
$530.1K
Cap Rate 7%
$378,643
$378.6K
Cap Rate 9%
$294,500
$294.5K
Market Conditions
NOI Build-Up for 1,590 SF
Gross rent
$40.1K $25.20/SF
− Vacancy
−$2.2K −$1.39/SF
EGI
$37.9K $23.81/SF
− OpEx
−$11.4K −$7.14/SF
NOI
$26.5K $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 Rate 5%
$530,100
Cap Rate 7%
$378,643
Cap Rate 9%
$294,500
Alternative Uses
Best Use
Multifamily LT 5
$378.6K
$331.3K – $441.8K
NOI $26,505 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$349.3K
$305.7K – $407.6K
NOI $24,453 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$806.7K
$705.8K – $941.1K
NOI $56,467 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,775
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with a single-level layout in Oakland Park.
Where is this triplex located?
The property is located at 1-3-805 Ne 40th St Oakland Park, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Three‑unit triplex configuration; 1,590 square feet of finished living space; One‑story residential layout
