Renovated Duplex with
For Sale
$599,000
3380 NW 8th Pl, Lauderhill, FL 33311
MULTI_FAMILY - Lauderhill, FL
Property Size1,226 SF
Price / SF$488.58
Days on Market29
Property Features for 3380 NW 8th Pl
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RS-5A
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
Parking
3
Patio and Porch features
Patio
Exterior features
Fence, Patio
Fencing
Fenced
Subdivision
SUNRISE HEIGHTS
Lot features
< 1/4 Acre
Standard status
Active
APN
504206240620
Size
1,226 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
SUNRISE HEIGHTS 48-37 B LOT 7 BLK 36
Tax Annual Amount
8680
Legal Description
SUNRISE HEIGHTS 48-37 B LOT 7 BLK 36
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Electric, Central Air
Water source
Public
Amenities
shared washer and dryer
Building Details
Year built
1959
Floors in Building
1
Flooring type
Laminate
Building materials
Block
Roof type
Shingle
Listing Agency:
Luxe Properties
(305) 809-7650
Listed By:
Ashley Brosky · License #3513561
(305) 788-3720
Added: Jul 18
Changed: Aug 15
Last Checked: Aug 15 at 3:06PM
MLS# A11881706
Copyright © 2026 Miami REALTORS®. 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.
Fully renovated income-producing duplex at 3380 NW 8th Pl, Lauderhill, FL 33311, offered as Unit A-B. The property is block construction and features laminate flooring, central heating, and central air with electric cooling and ceiling fans. Each unit includes updated interior finishes, and both tenants share an on-site washer and dryer.
One tenant is already in place on long-term leases, supporting steady occupancy. Utilities are paid separately by the tenants.
Additional property details include a shingle roof, public water, and public sewer service. Exterior features include a fence and a patio, supporting privacy and outdoor use.
One tenant is already in place on long-term leases, supporting steady occupancy. Utilities are paid separately by the tenants.
Additional property details include a shingle roof, public water, and public sewer service. Exterior features include a fence and a patio, supporting privacy and outdoor use.
Key Highlights
- One tenant in place on long‑term leases for Unit A‑B
- Fully renovated duplex with shared washer and dryer on site
- Utilities paid separately by tenants
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
$20,437
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
3.41%
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%
$408,740
$408.7K
Cap Rate 7%
$291,957
$292.0K
Cap Rate 9%
$227,078
$227.1K
Market Conditions
NOI Build-Up for 1,226 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
$30.9K $25.20/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$29.2K $23.81/SF
− OpEx
−$8.8K −$7.14/SF
NOI
$20.4K $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%
$408,740
Cap Rate 7%
$291,957
Cap Rate 9%
$227,078
Alternative Uses
Best Use
Multifamily LT 5
$292.0K
$255.5K – $340.6K
NOI $20,437 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$269.4K
$235.7K – $314.3K
NOI $18,855 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$622.0K
$544.3K – $725.7K
NOI $43,540 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Explore this area
Business Placement
Demographics for 33311, FL
69,413
Population
27,330
Households
2.5
Avg Household Size
37
Median Age
18%
College-Educated
81%
High-School Grad
10.4 sq mi
ZIP Area
6,674
Density / Sq Mi
$51,918
Median Household Income
$32,717
Median Earnings
$1,385
Median Rent
$276,600
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 - Renovated duplex with fenced patio and shared washer and dryer, with one unit occupied on long-term leases.
Where is this duplex located?
The property is located at 3380 NW 8th Pl Lauderhill, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: One tenant in place on long‑term leases for Unit A‑B; Fully renovated duplex with shared washer and dryer on site; Utilities paid separately by tenants
