Leased Duplex Investment
121 NW 56th Court Oakland Park, FL 33309
For Sale
$625,000
MULTI_FAMILY - Oakland Park, FL
Property Size1,660 SF
Lot Size9,331.00 Acres
Price / SF$376.51
Days on Market105
Property Features for 121 NW 56th Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RD-10
Bedrooms
4
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1
Pets allowed
Yes, Dogs OK, Cats OK
Exterior features
Awning(s)
Fencing
Fenced
Standard status
Active
APN
494210010180
Size
1,660 SF
Lot size
9,331.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PATTERSON PARK 39-33 B LOT 9 W 20,10 BLK 2
Tax Annual Amount
9980
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Window Unit(s), Wall/Window Unit(s), Electric, Central Air
Water source
Public
Building Details
Year built
1976
Floors in Building
2
Number of units
2
Flooring type
Tile
Building materials
CBS, Stone, Stucco
Listing Agency:
LPT Realty, LLC
(561) 540-8979
Listed By:
Grisel M Arias · License #3151743
(561) 324-8354
Added: Apr 16
Changed: Jul 24
Last Checked: Jul 29 at 2:06AM
MLS# B26017958
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 1976-built CBS duplex is configured as two separate, income-producing units. Unit A offers 2 bedrooms and 1 bath and includes a laundry room with washer and dryer connections, along with a privacy fence and backyard. Unit B is similarly laid out with 2 bedrooms and 1 bath, also featuring a laundry room with washer and dryer connections plus a privacy fence and backyard. Improvements include HVAC (2019), a water heater (2019), and a new stove. The property is served by a well-water irrigation system with a new pump and motor installed in March 2026.
Both units are leased on a month-to-month basis. The duplex has separate water and electric meters, which can help manage operating costs. Zoning is RD-10.
Each unit measures approximately 800 square feet, and the property totals approximately 1,660 square feet. Utilities are metered separately, and the current leasing setup provides ongoing rental income.
Both units are leased on a month-to-month basis. The duplex has separate water and electric meters, which can help manage operating costs. Zoning is RD-10.
Each unit measures approximately 800 square feet, and the property totals approximately 1,660 square feet. Utilities are metered separately, and the current leasing setup provides ongoing rental income.
Key Highlights
- Income‑producing duplex built in 1976 with both units leased month‑to‑month
- Each unit offers 800 SF with 2 bedrooms, 1 bathroom, and a laundry room with washer/dryer connections
- Separate water and electric meters for Unit A and Unit B
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 | $41.8k | $25.20 |
| − Vacancy | −$2.3k | −$1.39 |
| EGI | $39.5k | $23.81 |
| − OpEx | −$11.9k | −$7.14 |
| NOI | $27.7k | $16.67 |
1,660 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$395.3K
$345.9K – $461.2K
NOI $27,672 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$364.7K
$319.1K – $425.5K
NOI $25,530 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$842.2K
$736.9K – $982.6K
NOI $58,953 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - 1976 CBS duplex with two leased units, each featuring 2 bedrooms, 1 bath, and separate water and electric meters.
Where is this duplex located?
The property is located at 121 NW 56th Court Oakland Park, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Income‑producing duplex built in 1976 with both units leased month‑to‑month; Each unit offers 800 SF with 2 bedrooms, 1 bathroom, and a laundry room with washer/dryer connections; Separate water and electric meters for Unit A and Unit B
