Two-Unit Duplex With
For Sale
$750,000
3405 Northwest 82nd Avenue, Coral Springs, FL 33065
Well-maintained income property with private yards, in-unit laundry, and generous parking for both residences.
Property Size2,698 SF
Price / SF$277.98
Days on Market325
Property Features for 3405 Northwest 82nd Avenue
General Information
Standard status
Active
Size
2,698 SF
Total Parking Spaces
2
Property subtype
Multi-Family Income / Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,385
Amenities
in-unit washer/dryer
private yard
Building Details
Year Built
1968
Buildings
1
Listing Agency:
Canvas Real Estate
Listed By:
Jean Aurelien · License #3586159
(954) 332-7121
Source:
Compass
Added: Oct 15, 2025
Changed: Sep 2
Last Checked: Sep 1 at 11:06PM
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 Canvas Real Estate
Investment Insights
Based on property information with market context.
This well-maintained duplex contains two residences, each with 2 bedrooms and 2 baths. Both sides feature spacious layouts without carpeting, in-unit washers and dryers, private yards, and long driveways that provide ample parking. Each residence also has a dedicated 1-car garage accompanied by an additional room and bathroom.
Built in 1968, the property is located at 3405 Northwest 82nd Avenue in Coral Springs, Florida. The configuration supports an owner-occupant arrangement with one residence available for personal use and the other positioned for rental occupancy, subject to applicable requirements.
Built in 1968, the property is located at 3405 Northwest 82nd Avenue in Coral Springs, Florida. The configuration supports an owner-occupant arrangement with one residence available for personal use and the other positioned for rental occupancy, subject to applicable requirements.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 2 baths on each side
- Each unit includes a 1‑car garage, additional room, and bathroom
- 2,698 square feet
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
$46,645
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
6.22%
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%
$932,900
$932.9K
Cap Rate 7%
$666,357
$666.4K
Cap Rate 9%
$518,278
$518.3K
Market Conditions
NOI Build-Up for 2,698 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
$69.6K $25.80/SF
− Vacancy
−$3.0K −$1.10/SF
EGI
$66.6K $24.70/SF
− OpEx
−$20.0K −$7.41/SF
NOI
$46.6K $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%
$932,900
Cap Rate 7%
$666,357
Cap Rate 9%
$518,278
Alternative Uses
Best Use
Multifamily LT 5
$666.4K
$583.1K – $777.4K
NOI $46,645 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$614.6K
$537.8K – $717.1K
NOI $43,024 @ 7.0% cap · market cap 5.74%
Theoretical Best
Specialty Retail
$4.60M
$4.03M – $5.37M
NOI $322,061 @ 7.0% cap · market cap 42.94%
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
740
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained income property with private yards, in-unit laundry, and generous parking for both residences.
Where is this duplex located?
The property is located at 3405 Northwest 82nd Avenue Coral Springs, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 2 baths on each side; Each unit includes a 1‑car garage, additional room, and bathroom; 2,698 square feet
