Duplex with Private
1401 NE 33rd St, Oakland Park, FL 33334
For Sale
$650,000
Two separate living areas can also function as a home with an in-law suite, alongside a fenced backyard pool.
Property Size1,360 SF
Price / SF$477.94
Days on Market134
Property Features for 1401 NE 33rd St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
Building Details
Building Size
Year Built
Listing Agency:
Compass Florida, LLC
Listed By:
Robert Mac Killigan · License #0679090
(954) 234-8759
Source:
Debuirerealty
Added: Jun 29
Changed: Nov 7
Last Checked: Nov 8 at 1:44PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This 1,360-square-foot duplex, built in 1942, contains a 2-bedroom, 1-bathroom unit and a 1-bedroom, 1-bathroom non-conforming unit. The layout can also serve as a single-family home with an in-law suite. A pool sits within the fully fenced backyard. Improvements include impact windows and doors, plus newer air conditioning, roof, electrical, and plumbing systems. Flooring materials include bamboo, terrazzo, and stamped concrete.
The property is located in Oakland Park. The Culinary and Art District is within walking distance, Fort Lauderdale Beach is accessible by bike, and Wilton Drive is reachable by rideshare. The listing also describes nearby restaurants and nightlife.
The property is located in Oakland Park. The Culinary and Art District is within walking distance, Fort Lauderdale Beach is accessible by bike, and Wilton Drive is reachable by rideshare. The listing also describes nearby restaurants and nightlife.
Key Highlights
- Two units: 2 bedrooms and 1 bathroom; 1 bedroom and 1 bathroom in a non‑conforming unit
- 1,360 square feet; built in 1942
- Backyard pool within a fully fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,782
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,640
$415.6K
Cap Rate 7%
$296,886
$296.9K
Cap Rate 9%
$230,911
$230.9K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$40.0K $29.40/SF
− Vacancy
−$2.2K −$1.62/SF
EGI
$37.8K $27.78/SF
− OpEx
−$17.0K −$12.50/SF
NOI
$20.8K $15.28/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,640
Cap Rate 7%
$296,886
Cap Rate 9%
$230,911
Alternative Uses
Best Use
Apartment 5plus
$296.9K
$259.8K – $346.4K
NOI $20,782 @ 7.0% cap · market cap 3.20%
Second Best
Multifamily LT 5
$228.1K
$199.6K – $266.1K
NOI $15,967 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$690.0K
$603.7K – $805.0K
NOI $48,299 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
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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
$430,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Oakland Park, FL
Properties on Market for Duplexes in Oakland Park
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living areas can also function as a home with an in-law suite, alongside a fenced backyard pool.
Where is this duplex located?
The property is located at 1401 NE 33rd St Oakland Park, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two units: 2 bedrooms and 1 bathroom; 1 bedroom and 1 bathroom in a non‑conforming unit; 1,360 square feet; built in 1942; Backyard pool within a fully fenced yard
