Duplex with Updated
For Sale
$675,000
11281 NW 39TH Street, Coral Springs, FL 33065
Residential Income, Coral Springs, FL
Property Size1,739 SF
Lot Size0.17 Acres
Price / SF$388.15
Days on Market8
Property Features for 11281 NW 39TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-3,4,5
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 2
Pets allowed
Yes, Call
Exterior features
Storage
Subdivision
GLENWOOD SUBDIVISION
Elementary school
Coral Springs
Middle school
Coral Springs
High school
Coral Glades
Standard status
Active
APN
484117024080
Size
1,739 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GLENWOOD SUBDIVISION 69-33 B LOT 12 BLK R
Tax Annual Amount
6598
Legal Description
GLENWOOD SUBDIVISION 69-33 B LOT 12 BLK R
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private fenced yards
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS
Roof type
Barrel
Additional Structures
Storage
Listing Agency:
Fidelity Real Estate Group LLC
(954) 345-9144
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Added: Sep 14
Changed: Sep 20
Last Checked: Sep 21 at 2:06AM
MLS# B26075936
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 1,739-square-foot duplex in Coral Springs contains two residential units, each with two bedrooms and two bathrooms. The interiors include tile flooring, vaulted ceilings, updated kitchens and bathrooms, newer appliances, fresh paint, and newer A/C systems. Each unit also has a private fenced yard, while exterior storage provides additional utility. The property was built in 1973 and uses CBS construction with a barrel roof.
Set on 0.17 acres at 11281 NW 39TH Street, the property is zoned RS-3,4,5. Public water and sewer serve the site, with cable available. Both units are vacant and ready for leasing, and the location provides access to shopping, schools, dining, and major roadways in Coral Springs.
Set on 0.17 acres at 11281 NW 39TH Street, the property is zoned RS-3,4,5. Public water and sewer serve the site, with cable available. Both units are vacant and ready for leasing, and the location provides access to shopping, schools, dining, and major roadways in Coral Springs.
Key Highlights
- Two 2‑bedroom, 2‑bathroom residential units
- 1,739 square feet on a 0.17‑acre lot
- Updated kitchens and bathrooms with newer appliances
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
$30,065
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
4.45%
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%
$601,300
$601.3K
Cap Rate 7%
$429,500
$429.5K
Cap Rate 9%
$334,056
$334.1K
Market Conditions
NOI Build-Up for 1,739 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
$44.9K $25.80/SF
− Vacancy
−$1.9K −$1.10/SF
EGI
$43.0K $24.70/SF
− OpEx
−$12.9K −$7.41/SF
NOI
$30.1K $17.29/SF
Area
Coral Springs, FL
Vacancy
4.27%
Lease Rate
$25.80 /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%
$601,300
Cap Rate 7%
$429,500
Cap Rate 9%
$334,056
Alternative Uses
Best Use
Multifamily LT 5
$429.5K
$375.8K – $501.1K
NOI $30,065 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$396.2K
$346.6K – $462.2K
NOI $27,731 @ 7.0% cap · market cap 4.11%
Theoretical Best
Specialty Retail
$2.97M
$2.59M – $3.46M
NOI $207,585 @ 7.0% cap · market cap 30.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 33065, FL
59,668
Population
21,416
Households
2.8
Avg Household Size
36
Median Age
31%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
6,938
Density / Sq Mi
$70,435
Median Household Income
$36,255
Median Earnings
$1,833
Median Rent
$416,800
Median Home Value
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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 - Two vacant residential units offer refreshed interiors, private fenced yards, and central cooling.
Where is this duplex located?
The property is located at 11281 NW 39TH Street Coral Springs, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bathroom residential units; 1,739 square feet on a 0.17‑acre lot; Updated kitchens and bathrooms with newer appliances
