Two-Unit Duplex with Laundry
1556 NE 45 Street, Oakland Park, FL 33334
For Sale
$690,000
Each residence includes its own laundry room, with on-site parking for four cars per side.
Property Size2,259 SF
Price / SF$305.44
Days on Market388
Property Features for 1556 NE 45 Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
laundry room
storage shed
Building Details
Building Size
Year Built
Listing Agency:
Mutti Real Estate
Listed By:
Francesco B Mutti · License #308143
(954) 394-1630
Source:
Dietzelber
Added: Oct 16, 2025
Changed: Nov 6
Last Checked: Nov 6 at 3:09PM
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 Mutti Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two units, each measuring 1,388 square feet, and was built in 1960. Both residences have a dedicated laundry room, and the property includes an on-site storage shed. The roof is under warranty.
Parking accommodates four cars on each side. Restaurants, shopping, and transportation are nearby.
Parking accommodates four cars on each side. Restaurants, shopping, and transportation are nearby.
Key Highlights
- Two units, each measuring 1,388 square feet
- Laundry room in each unit
- Parking for four cars per side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,657
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,140
$753.1K
Cap Rate 7%
$537,957
$538.0K
Cap Rate 9%
$418,411
$418.4K
Market Conditions
NOI Build-Up for 2,259 SF
Gross rent
$56.9K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$53.8K $23.81/SF
− OpEx
−$16.1K −$7.14/SF
NOI
$37.7K $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%
$753,140
Cap Rate 7%
$537,957
Cap Rate 9%
$418,411
Alternative Uses
Best Use
Multifamily LT 5
$538.0K
$470.7K – $627.6K
NOI $37,657 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$496.3K
$434.3K – $579.0K
NOI $34,742 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,226 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,719
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
$430,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Each residence includes its own laundry room, with on-site parking for four cars per side.
Where is this duplex located?
The property is located at 1556 NE 45 Street Oakland Park, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Two units, each measuring 1,388 square feet; Laundry room in each unit; Parking for four cars per side
