Renovated 4-Unit
For Sale
$929,000
2620 NW 18th TER, Oakland Park, FL 33311
Residential Income, Oakland Park, FL
Property Size2,976 SF
Price / SF$312.16
Days on Market82
Property Features for 2620 NW 18th TER
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
R-1
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 8, Bedroom 2, Bathroom 1, Bedroom 7
Parking
8
Subdivision
28-49-42
Lot features
Flood Zone, 1/4 to 1/2 Acre Lot
Standard status
Active
APN
494228000360
Size
2,976 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
28-49-42 S 85 OF N 405 OF E1/2 OF E1/2 OF SE1/4 OF SW1/4 OF NW1/4 LESS W 25 FOR RD
Tax Annual Amount
20035
Legal Description
28-49-42 S 85 OF N 405 OF E1/2 OF E1/2 OF SE1/4 OF SW1/4 OF NW1/4 LESS W 25 FOR RD
Utilities
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s), Central Air
Amenities
in-unit washer & dryer
assigned parking
separate electric & water meters
Building Details
Year built
1964
Floors in Building
1
Flooring type
Vinyl
Building materials
CBSConcreteBlockStructure, Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
Elite Sales Group
(305) 554-1544
Listed By:
Daniel Echague · License #3280149
(305) 283-9594
Added: Jul 18
Changed: Oct 4
Last Checked: Oct 7 at 1:06AM
MLS# A12018901
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,976-square-foot quadplex contains four renovated residences, each configured with two bedrooms and one bathroom. Improvements include updated kitchens, bathrooms, flooring, and appliances, along with impact windows. Individual electric and water meters serve the property, and assigned parking is provided.
Oakland Park’s location places the property within minutes of Downtown Fort Lauderdale, Wilton Manors, I-95, Las Olas, area beaches, shopping, dining, and major employment centers. The building dates to 1964 and has a shingle roof, vinyl flooring, and public sewer service.
Oakland Park’s location places the property within minutes of Downtown Fort Lauderdale, Wilton Manors, I-95, Las Olas, area beaches, shopping, dining, and major employment centers. The building dates to 1964 and has a shingle roof, vinyl flooring, and public sewer service.
Key Highlights
- Four renovated units, each with 2 bedrooms and 1 bathroom
- 2,976 square feet
- Separate electric and water meters
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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers a two-bedroom, one-bathroom layout with in-unit laundry.
Where is this quadplex located?
The property is located at 2620 NW 18th TER 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 renovated units, each with 2 bedrooms and 1 bathroom; 2,976 square feet; Separate electric and water meters
