Turnkey Duplex with Screened
For Sale
Contact for pricing
1680 NE 34th Lane, Oakland Park, FL 33334
Fully rented duplex with two 2BR/2BA units, private outdoor space, and a screened pool.
Property Size1,984 SF
Price / SF$466.23
Days on Market370
Property Features for 1680 NE 34th Lane
General Information
Standard status
Active
Size
1,984 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Business Included
Yes
Fenced Yard
Yes
Multifamily Units
2
Building Details
Year Built
1966
Tenancy
Multi
Listing Agency:
Premier Listings
(561) 445-9592
Listed By:
MARIA ACOSTA · License #3129122
Source:
Crexi
Added: Aug 3, 2025
Changed: Jul 10
Last Checked: Aug 5 at 1:25PM
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 Premier Listings
Investment Insights
Based on property information with market context.
This turnkey duplex is offered as a fully rented, income-producing property with a screened pool and separate outdoor areas for each unit. The layout includes two 2-bedroom, 2-bath units, and each unit has its own washer and dryer. Interior updates include refreshed finishes, updated kitchens and baths, and new flooring. Unit A features an updated interior with new flooring, fresh paint, and a private gated backyard. Unit B includes new central A/C plus a refreshed appliance package and finishes, along with a new gate and an extra-large private backyard. The property is constructed with CBS (concrete block stucco) and includes impact windows, a newer roof, extra storage, and a spacious driveway with ample parking. Outside, the screened pool has marble decking and a cabana bathroom.
Located in the Downtown Oakland Park Culinary & Arts District, the property is described as walkable to Funky Buddha and local nightlife, with minutes to the beach. The listing also notes no HOA.
For tenants or owners seeking a manageable setup, the units are positioned for everyday comfort with in-unit laundry and updated living spaces. The listing states tenants cover all utilities, including landscaping and pool service, which can reduce day-to-day operating items for an owner.
Located in the Downtown Oakland Park Culinary & Arts District, the property is described as walkable to Funky Buddha and local nightlife, with minutes to the beach. The listing also notes no HOA.
For tenants or owners seeking a manageable setup, the units are positioned for everyday comfort with in-unit laundry and updated living spaces. The listing states tenants cover all utilities, including landscaping and pool service, which can reduce day-to-day operating items for an owner.
Key Highlights
- Fully rented duplex (built 1966) with two 2BR/2BA units, each with its own washer/dryer
- Impact windows, newer roof, and CBS construction
- Screened pool with marble decking plus cabana bathroom
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
$33,073
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
3.58%
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%
$661,460
$661.5K
Cap Rate 7%
$472,471
$472.5K
Cap Rate 9%
$367,478
$367.5K
Market Conditions
NOI Build-Up for 1,984 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
$50.0K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$47.2K $23.81/SF
− OpEx
−$14.2K −$7.14/SF
NOI
$33.1K $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 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%
$661,460
Cap Rate 7%
$472,471
Cap Rate 9%
$367,478
Alternative Uses
Best Use
Multifamily LT 5
$472.5K
$413.4K – $551.2K
NOI $33,073 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$435.9K
$381.4K – $508.6K
NOI $30,513 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.01M
$880.8K – $1.17M
NOI $70,460 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,440
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully rented duplex with two 2BR/2BA units, private outdoor space, and a screened pool.
Where is this duplex located?
The property is located at 1680 NE 34th Lane Oakland Park, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Fully rented duplex (built 1966) with two 2BR/2BA units, each with its own washer/dryer; Impact windows, newer roof, and CBS construction; Screened pool with marble decking plus cabana bathroom
