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    Oakland Park Duplex Opportunity

    280 NE 40th Court Oakland Park, FL 33334

    280 NE 40th Court, Oakland Park, FL, 33334
    $650,000
    For Sale
    Claim this Listing
    $650,000

    MULTI_FAMILY - Oakland Park, FL

    Property Size1,781 SF
    Price / SF$364.96
    AddedFeb 5
    Days on Market160
    Last RefreshJul 15 at 8:06 am

    Property Features for 280 NE 40th Court

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Resident
    Bedrooms
    4
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 3
    Standard status
    Active
    APN
    494222260080
    Size
    1,781 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    BONIELLO GARDENS 1 ADD 66-13 B LOT 2 BLK 2
    Tax Annual Amount
    7973

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1968
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile - Ceramic
    Building materials
    Block
    Roof type
    Composition, Shingle

    Listing agent Rogerio Alves License #3186063

    Listing office Dalton Wade Inc 260 1st Ave S Suite 200, St. Petersburg, FL

    Listing date Feb 5, 2026

    MLS# F10550393 Listing URL

    Copyright © 2026 BeachesMLS. 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 duplex is located in Oakland Park, Florida. The property features two separate units, each with private entrances. This setup offers income potential or owner-occupancy. The property is situated on a quiet street and is located minutes from Wilton Manors, I-95, shopping, dining, and beaches. The property is suitable for investors seeking cash flow or buyers looking to live in one unit and rent the other. Each unit has separate electric and water meters, allowing tenants to be responsible for all utilities. The property size is 1781 square feet.

    Key Highlights

    • Duplex with two separate units, each with a private entrance
    • Separate electric and water meters for each unit so tenants can be responsible for utilities
    • Built in 1968 with block construction

    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 $44.9k $25.20
    − Vacancy −$2.5k −$1.39
    EGI $42.4k $23.81
    − OpEx −$12.7k −$7.14
    NOI $29.7k $16.67
    1,781 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $424.1K
    $371.1K – $494.8K (±1% cap)
    NOI $29,689 @ 7.0% cap · market cap 4.57%
    Second Best
    Apartment 5plus
    $391.3K
    $342.4K – $456.5K (±1% cap)
    NOI $27,391 @ 7.0% cap · market cap 4.21%
    Theoretical Best
    Office A
    $903.6K
    $790.6K – $1.05M (±1% cap)
    NOI $63,250 @ 7.0% cap · market cap 9.73%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

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    FAQs

    What type of property is this?
    Duplex - Duplex in Oakland Park with income potential near Wilton Manors.
    Where is this duplex located?
    The property is located at 280 NE 40th Court Oakland Park, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Duplex with two separate units, each with a private entrance; Separate electric and water meters for each unit so tenants can be responsible for utilities; Built in 1968 with block construction
    Contact an agent
    (954) 798-3311
    We can help!
    Contact an agent
    Rogerio Alves
    Rogerio Alves
    Real Estate License ID: 3186063
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