Duplex With Private
280 NE 40th Court, Oakland Park, FL 33334
For Sale
$638,000
Two distinct residences are supported by separate electric and water meters.
Property Size1,781 SF
Price / SF$358.23
Days on Market55
Property Features for 280 NE 40th Court
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Dalton Wade Inc
(888) 668-8283
Listed By:
Rogerio Alves · License #3186063
(954) 798-3311
Source:
Miznerpartners
Added: Sep 14
Changed: Nov 6
Last Checked: Nov 6 at 11:25AM
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 Dalton Wade Inc
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Investment Insights
Based on property information with market context.
This 1968 duplex contains two separate units, each with its own entrance. The property measures 1,781 square feet. Recent work includes fresh paint, trimmed trees, and added side gates. Each unit has its own electric and water meter.
The property is on a quiet street in Oakland Park, minutes from Wilton Manors, I-95, shopping, dining, and beaches.
The property is on a quiet street in Oakland Park, minutes from Wilton Manors, I-95, shopping, dining, and beaches.
Key Highlights
- Two‑unit duplex totaling 1,781 square feet
- Both units have private entrances
- Separate electric and water meters serve each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,689
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,780
$593.8K
Cap Rate 7%
$424,129
$424.1K
Cap Rate 9%
$329,878
$329.9K
Market Conditions
NOI Build-Up for 1,781 SF
Gross rent
$44.9K $25.20/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$42.4K $23.81/SF
− OpEx
−$12.7K −$7.14/SF
NOI
$29.7K $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%
$593,780
Cap Rate 7%
$424,129
Cap Rate 9%
$329,878
Alternative Uses
Best Use
Multifamily LT 5
$424.1K
$371.1K – $494.8K
NOI $29,689 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$391.3K
$342.4K – $456.5K
NOI $27,391 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$903.6K
$790.6K – $1.05M
NOI $63,250 @ 7.0% cap · market cap 9.91%
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
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Oakland Park, FL
Properties on Market for Duplexes in Oakland Park
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences are supported by separate electric and water meters.
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 $638,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,781 square feet; Both units have private entrances; Separate electric and water meters serve each unit
