8-Unit Apartment
For Sale
$2,250,000
11676 NW 45th Street, Coral Springs, FL 33065
Residential Income, Coral Springs, FL
Property Size8,154 SF
Lot Size0.51 Acres
Price / SF$275.94
Days on Market138
Property Features for 11676 NW 45th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM-15
Bedrooms
8
Full bathrooms
8
Rooms
Bedroom 4, Bathroom 4, Bedroom 8, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 3, Bathroom 8, Bedroom 7, Bathroom 5, Bedroom 1, Bedroom 3, Bathroom 6, Bedroom 6, Bathroom 7
Patio and Porch features
Patio, Porch
Pets allowed
Yes, Size Limit, Number Limit
Exterior features
Balcony, Courtyard
Fencing
Fenced
Subdivision
GLENWOOD SUBDIVISION
Lot features
Corner Lot
Elementary school
Coral Springs
Middle school
Coral Springs
High school
Coral Glades
Standard status
Active
APN
484117020280
Size
8,154 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GLENWOOD SUBDIVISION 69-33 B LOT 1 BLK B
Tax Annual Amount
35758
Legal Description
GLENWOOD SUBDIVISION 69-33 B LOT 1 BLK B
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
laundry rooms
Building Details
Year built
1984
Floors in Building
2
Number of units
4
Flooring type
Tile
Building materials
Aluminum Siding, CBS, Stucco
Roof type
Tile, Barrel
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Chantal Levy · License #3483991
(954) 849-2135
Added: Jun 7
Changed: Oct 13
Last Checked: Oct 22 at 11:06AM
MLS# B26038008
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.
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Investment Insights
Based on property information with market context.
Built in 1984, this two-story apartment property contains 8 units across 8,154 square feet. The residences provide 16 bedrooms and 16 bathrooms, and all units are occupied. A roof was installed in 2021. The 0.51-acre parcel includes 17 dedicated parking spaces, two laundry rooms, balconies, a courtyard, and patio and porch areas. Zoning is RM-15.
The property is in Coral Springs, near shopping, dining, everyday services, and major highways. Public water and sewer serve the site.
The property is in Coral Springs, near shopping, dining, everyday services, and major highways. Public water and sewer serve the site.
Key Highlights
- 8 occupied apartment units with 16 bedrooms and 16 bathrooms
- 8,154‑square‑foot building on a 0.51‑acre parcel
- Roof installed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,028
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,600,560
$2.6M
Cap Rate 7%
$1,857,543
$1.9M
Cap Rate 9%
$1,444,756
$1.4M
Market Conditions
NOI Build-Up for 8,154 SF
Gross rent
$247.6K $30.36/SF
− Vacancy
−$11.1K −$1.37/SF
EGI
$236.4K $28.99/SF
− OpEx
−$106.4K −$13.05/SF
NOI
$130.0K $15.95/SF
Area
Coral Springs, FL
Vacancy
4.50%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,600,560
Cap Rate 7%
$1,857,543
Cap Rate 9%
$1,444,756
Alternative Uses
Best Use
Apartment 5plus
$1.86M
$1.63M – $2.17M
NOI $130,028 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.90M
$12.17M – $16.22M
NOI $973,345 @ 7.0% cap · market cap 43.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
878
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two levels contain 16 bedrooms and 16 bathrooms, with all residences occupied.
Where is this apartment building located?
The property is located at 11676 NW 45th Street Coral Springs, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 8 occupied apartment units with 16 bedrooms and 16 bathrooms; 8,154‑square‑foot building on a 0.51‑acre parcel; Roof installed in 2021
