Renovated Fourplex Investment
2620 Northwest 18th Terrace Oakland Park, FL 33311
2620 Northwest 18th Terrace, Oakland Park, FL, 33311
$929,000
For Sale
$929,000
Turnkey four-unit property in Oakland Park, fully renovated.
Property Size2,976 SF
Price / SF$312.16
Days on Market69
Property Features for 2620 Northwest 18th Terrace
General Information
- Standard status
- Active
- Size
- 2,976 SF
- Property subtype
- Residential Income / Fourplex
Building Details
- Year Built
- 1964
Listing Agency
Elite Sales Group
(305) 554-1544
Listed by
Daniel Echague · License #3280149
(305) 554-1544
Source
Compass
Added: May 14 Updated: Jul 10 at 1:33 pm Checked: Jul 20 at 3:41 am
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 Elite Sales Group
Investment Insights
Based on property information with market context.
This is a fourplex investment opportunity located in Oakland Park. The fully renovated property features four units, each with a spacious 2-bedroom, 1-bathroom layout. Each unit includes a washer and dryer. Modern finishes are present throughout the property. Upgrades include updated kitchens, bathrooms, flooring, appliances, and impact windows. Assigned parking is available. Separate electric and water meters are installed. The property is located minutes from Downtown Fort Lauderdale, Wilton Manors, I-95, Las Olas, beaches, shopping, dining, and major employment hubs. The property size is 2976 square feet.
Key Highlights
- Turnkey, fully renovated fourplex: Ready for immediate rental income.
- Strong rental demand in a rapidly growing area.
- Ideally located near Downtown Fort Lauderdale, Wilton Manors, I‑95, Las Olas, beaches, shopping, dining, and major employment hubs.
Local 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 | $75.0k | $25.20 |
| − Vacancy | −$4.1k | −$1.39 |
| EGI | $70.9k | $23.81 |
| − OpEx | −$21.3k | −$7.14 |
| NOI | $49.6k | $16.67 |
2,976 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$708.7K
$620.1K – $826.8K
NOI $49,609 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$653.8K
$572.1K – $762.8K
NOI $45,769 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,690 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Turnkey four-unit property in Oakland Park, fully renovated.
Where is this quadplex located?
The property is located at 2620 Northwest 18th Terrace Oakland Park, FL.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Turnkey, fully renovated fourplex: Ready for immediate rental income.; Strong rental demand in a rapidly growing area.; Ideally located near Downtown Fort Lauderdale, Wilton Manors, I‑95, Las Olas, beaches, shopping, dining, and major employment hubs.
