Updated Income Duplex For
For Sale
Contact for pricing
3042 NE 13th Ave, Oakland Park, FL 33334
Updated duplex with new roof, relined plumbing, and brand-new central A/C, ready for immediate occupancy or rental.
Property Size1,678 SF
Price / SF$476.16
Days on Market174
Property Features for 3042 NE 13th Ave
General Information
Standard status
Active
Size
1,678 SF
Property subtype
Multifamily
Zoning
R-1
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1965
Tenancy
Multi
Listing Agency:
The Brokerage South Florida Real Estate, LLC.
Listed By:
Eli Jacoby · License #3570436
Source:
Crexi
Added: Mar 19
Changed: Aug 8
Last Checked: Jul 23 at 4:24PM
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 The Brokerage South Florida Real Estate, LLC.
Investment Insights
Based on property information with market context.
This updated duplex offers an income-producing setup and includes major system improvements: a new roof, relined plumbing, and a brand-new central A/C system. The property has been positioned for immediate occupancy or rental use, with recent updates intended to reduce near-term maintenance concerns.
Located in Oakland Park near Wilton Manors and just minutes from Fort Lauderdale Beach, the duplex benefits from convenient access to established and growing parts of the area.
Certain images have been virtually staged; furniture, décor, and design elements shown are for illustrative purposes only and may not reflect the current condition of the property.
Located in Oakland Park near Wilton Manors and just minutes from Fort Lauderdale Beach, the duplex benefits from convenient access to established and growing parts of the area.
Certain images have been virtually staged; furniture, décor, and design elements shown are for illustrative purposes only and may not reflect the current condition of the property.
Key Highlights
- Updated duplex built in 1965.
- New roof installed.
- Plumbing relined.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,972
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$559,440
$559.4K
Cap Rate 7%
$399,600
$399.6K
Cap Rate 9%
$310,800
$310.8K
Market Conditions
NOI Build-Up for 1,678 SF
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.
Gross rent
$42.3K $25.20/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$40.0K $23.81/SF
− OpEx
−$12.0K −$7.14/SF
NOI
$28.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$559,440
Cap Rate 7%
$399,600
Cap Rate 9%
$310,800
Alternative Uses
Best Use
Multifamily LT 5
$399.6K
$349.7K – $466.2K
NOI $27,972 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$368.7K
$322.6K – $430.1K
NOI $25,806 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$851.3K
$744.9K – $993.2K
NOI $59,592 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,942
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with new roof, relined plumbing, and brand-new central A/C, ready for immediate occupancy or rental.
Where is this duplex located?
The property is located at 3042 NE 13th Ave Oakland Park, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Updated duplex built in 1965.; New roof installed.; Plumbing relined.
