Duplex With Two-Car
For Sale
Contact for pricing
Pending
3310 NW 90th Avenue # 3310s #3310-3310s, Coral Springs, FL 33065
3-bed/2-bath units with two-car garages, fenced yards, and a pool on one side.
Property Size3,812 SF
Days on Market125
Property Features for 3310 NW 90th Avenue # 3310s #3310-3310s
General Information
Standard status
Pending
Size
3,812 SF
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
DT-MU
Occupancy
50%
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Building Details
Year Built
1971
Units
2
Tenancy
Multi
Listing Agency:
Transworld Realty Services Inc
Listed By:
Kimberly Donato · License #BK3040450
Source:
Crexi
Added: May 6
Changed: Aug 8
Last Checked: Jul 24 at 5:03PM
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 Transworld Realty Services Inc
Investment Insights
Based on property information with market context.
This rarely available duplex offers two matching residences, each with three bedrooms and two bathrooms, along with true two-car garages. Both sides include fully fenced backyards with wood fencing separating each yard for privacy. One side features a pool.
The current setup has a long-time owner occupying one side, while the other side is vacant, providing immediate flexibility for occupancy or leasing. There is no HOA. The property is within walking distance of Coral Springs’ new downtown development, which includes dining, nightlife, and shopping.
The current setup has a long-time owner occupying one side, while the other side is vacant, providing immediate flexibility for occupancy or leasing. There is no HOA. The property is within walking distance of Coral Springs’ new downtown development, which includes dining, nightlife, and shopping.
Key Highlights
- Duplex built in 1971 with two 3‑bed, 2‑bath units
- Each side features a true 2‑car garage
- Fully fenced backyard with wood fencing dividing each yard for privacy
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
$65,905
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
6.60%
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%
$1,318,100
$1.3M
Cap Rate 7%
$941,500
$941.5K
Cap Rate 9%
$732,278
$732.3K
Market Conditions
NOI Build-Up for 3,812 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
$98.3K $25.80/SF
− Vacancy
−$4.2K −$1.10/SF
EGI
$94.2K $24.70/SF
− OpEx
−$28.2K −$7.41/SF
NOI
$65.9K $17.29/SF
Area
Coral Springs, FL
Vacancy
4.27%
Lease Rate
$25.80 /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%
$1,318,100
Cap Rate 7%
$941,500
Cap Rate 9%
$732,278
Alternative Uses
Best Use
Multifamily LT 5
$941.5K
$823.8K – $1.10M
NOI $65,905 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$868.4K
$759.9K – $1.01M
NOI $60,788 @ 7.0% cap · market cap 6.08%
Theoretical Best
Specialty Retail
$6.50M
$5.69M – $7.58M
NOI $455,039 @ 7.0% cap · market cap 45.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,409
Businesses Nearby
Explore this area
Business Placement
Demographics for 33065, FL
59,668
Population
21,416
Households
2.8
Avg Household Size
36
Median Age
31%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
6,938
Density / Sq Mi
$70,435
Median Household Income
$36,255
Median Earnings
$1,833
Median Rent
$416,800
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 - 3-bed/2-bath units with two-car garages, fenced yards, and a pool on one side.
Where is this duplex located?
The property is located at 3310 NW 90th Avenue # 3310s #3310-3310s Coral Springs, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Duplex built in 1971 with two 3‑bed, 2‑bath units; Each side features a true 2‑car garage; Fully fenced backyard with wood fencing dividing each yard for privacy
