2620 NW 18th TER, Oakland Park, FL 33311
- Added:
- Jul 1, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 5 at 7:06 am
Property Features for 2620 NW 18th TER
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Rooms
- Bedroom 3, Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 8, Bathroom 1
- Parking
- 8
- 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
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s), Central Air, Wall/Window Unit(s)
Building Details
- Year built
- 1964
- Floors in Building
- 1
- Flooring type
- Vinyl
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Daniel Echague License #3280149 (305) 283-9594
Listing office Elite Sales Group 8603 S Dixie Hwy Suite 406, Miami, FL (305) 554-1544
Listing date Jul 1, 2026
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.
HighLights
- Fourplex with spacious 2BD/1BA layouts
- In‑unit washer & dryer and assigned parking for residents
- Separate electric and water meters
- Upgraded kitchens, bathrooms, flooring, and appliances; impact windows
- Construction: block building with shingle roof (built 1964)
- Utilities: public sewer; cooling includes central air plus window/wall units
Overview
The property is located in Oakland Park, Florida, and is described as being minutes from Downtown Fort Lauderdale, Wilton Manors, I-95, Las Olas, beaches, shopping, dining, and major employment hubs.
For buyers seeking a move-in-ready rental property, this configuration supports straightforward operations with four separate residential units, private in-unit laundry, and separate metering. The recent updates to major finishes and fixtures may help reduce near-term capital concerns relative to a non-renovated property. Assigned parking and impact windows are practical features for tenant comfort and day-to-day durability.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oakland Park
- County
- Broward
- State
- Florida
- Longitude
- -80.16691
- Latitude
- 26.159281
