Income-Generating Duplex
310 Northeast 38th Street Deerfield Beach, FL 33064
For Sale
$825,000
Duplex with two fully rented 2BR/1BA units, both upgraded and well maintained.
Property Size1,720 SF
Price / SF$479.65
Days on Market170
Property Features for 310 Northeast 38th Street
General Information
- Standard status
- Active
- Size
- 1,720 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1970
Listing Agency:
International Unlimited Realty
(786) 256-1526
Listed By:
Danett Marante · License #3027383
(786) 256-1526
Source:
Compass
Added: Feb 3
Changed: Jul 23
Last Checked: Jul 23 at 10:02AM
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 International Unlimited Realty
Investment Insights
Based on property information with market context.
This income-producing duplex is configured as two 2-bedroom, 1-bath units, with both units fully rented. The property is described as well maintained with updated interiors, and it is currently operating as a duplex.
Located in Deerfield Beach, Florida in Broward County, the property generates gross monthly rental income of $4,400. The seller notes zoning and future-use potential may allow redevelopment or expansion up to nine (9) units, and the buyer must verify details with the City.
The asset offers an investor-focused setup with two separate residential units under one roof, currently stable under existing tenant occupancy.
Located in Deerfield Beach, Florida in Broward County, the property generates gross monthly rental income of $4,400. The seller notes zoning and future-use potential may allow redevelopment or expansion up to nine (9) units, and the buyer must verify details with the City.
The asset offers an investor-focused setup with two separate residential units under one roof, currently stable under existing tenant occupancy.
Key Highlights
- 1970‑built duplex in Deerfield Beach with $4,400/month gross rental income
- Two 2BR/1BA units, both fully rented
- Upgraded interiors and well‑maintained property
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 | $43.3k | $25.20 |
| − Vacancy | −$2.4k | −$1.39 |
| EGI | $41.0k | $23.81 |
| − OpEx | −$12.3k | −$7.14 |
| NOI | $28.7k | $16.67 |
1,720 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$409.6K
$358.4K – $477.9K
NOI $28,672 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$377.9K
$330.7K – $440.9K
NOI $26,452 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$872.6K
$763.6K – $1.02M
NOI $61,084 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two fully rented 2BR/1BA units, both upgraded and well maintained.
Where is this duplex located?
The property is located at 310 Northeast 38th Street Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 1970‑built duplex in Deerfield Beach with $4,400/month gross rental income; Two 2BR/1BA units, both fully rented; Upgraded interiors and well‑maintained property
