4-Unit Quadplex with Impact
For Sale
$929,000
2620 NW 18th Terrace, Oakland Park, FL 33311
Residents have in-unit laundry, assigned parking, and separate electric and water meters.
Property Size2,976 SF
Price / SF$312.16
Days on Market172
Property Features for 2620 NW 18th Terrace
General Information
Standard status
Active
Size
2,976 SF
Property subtype
Quadruplex
Units
Multifamily Units
4
Individually Metered Utilities
electric, water
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$20,035
Amenities
in-unit washer & dryer
impact windows
Building Details
Building Size
2,976 SF
Year Built
1964
Listing Agency:
Elite Sales Group
Listed By:
Daniel Eduardo Echague · License #3280149
(305) 283-9594
Source:
Dietzelber
Added: May 18
Changed: Nov 1
Last Checked: Nov 5 at 7:33AM
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
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Investment Insights
Based on property information with market context.
This 2,976-square-foot quadplex in Oakland Park contains four residences, each with a 2BD/1BA layout. The 1964-built property has undergone renovation, including work to the kitchens, bathrooms, flooring, and appliances. Impact windows are installed, and each unit has a washer and dryer. Parking is assigned, with separate electric and water meters for the units.
The property is at 2620 NW 18th Terrace, with access to Downtown Fort Lauderdale, Wilton Manors, I-95, Las Olas, area beaches, shopping, dining, and employment centers.
The property is at 2620 NW 18th Terrace, with access to Downtown Fort Lauderdale, Wilton Manors, I-95, Las Olas, area beaches, shopping, dining, and employment centers.
Key Highlights
- Four residences, each with a 2BD/1BA layout
- 2,976 square feet; built in 1964
- Renovated kitchens, bathrooms, flooring, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,609
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,180
$992.2K
Cap Rate 7%
$708,700
$708.7K
Cap Rate 9%
$551,211
$551.2K
Market Conditions
NOI Build-Up for 2,976 SF
Gross rent
$75.0K $25.20/SF
− Vacancy
−$4.1K −$1.39/SF
EGI
$70.9K $23.81/SF
− OpEx
−$21.3K −$7.14/SF
NOI
$49.6K $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%
$992,180
Cap Rate 7%
$708,700
Cap Rate 9%
$551,211
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,144
Businesses Nearby
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Residents have in-unit laundry, assigned parking, and separate electric and water meters.
Where is this quadplex located?
The property is located at 2620 NW 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: Four residences, each with a 2BD/1BA layout; 2,976 square feet; built in 1964; Renovated kitchens, bathrooms, flooring, and appliances
