Duplex With Private
New
For Sale
$750,000
3405 NW 82nd Ave, Coral Springs, FL 33065
Residential Income, Coral Springs, FL
Property Size2,698 SF
Price / SF$277.98
Days on Market2
Property Features for 3405 NW 82nd Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RD-8
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2
Parking
2
Subdivision
CORAL SPRINGS II
Lot features
1/4 to 1/2 Acre Lot
Directions
Conveniently located north of Sample Rd, west of Riverside Dr, and east of University Dr, close to shopping, dining, and major roads.
Standard status
Active
APN
484115021540
Size
2,698 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
CORAL SPRINGS II 59-49 B LOT 12 BLK I
Tax Annual Amount
12385
Legal Description
CORAL SPRINGS II 59-49 B LOT 12 BLK I
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Amenities
in-unit washer and dryer
private yard
Building Details
Year built
1968
Floors in Building
1
Flooring type
Tile - Ceramic, Laminate
Building materials
Block
Roof type
Tile, Flat
Listing Agency:
Canvas Real Estate
(954) 332-7121
Listed By:
Jean Aurelien · License #3586159
(239) 384-1067
Added: Aug 28
Last Checked: Aug 29 at 9:06PM
MLS# A11896316
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.
This 2,698-square-foot duplex contains two residences, each arranged with 2 bedrooms and 2 bathrooms. Both units provide spacious interiors with ceramic tile and laminate flooring, central heating, central air, ceiling fans, and in-unit washers and dryers. The block-built property dates to 1968 and is served by public sewer.
Each residence has a private 1-car garage that includes an additional room and bathroom. Long individual driveways provide on-site parking, while private yards give each unit its own outdoor area. Tile and flat roofing systems complete the existing improvements.
Each residence has a private 1-car garage that includes an additional room and bathroom. Long individual driveways provide on-site parking, while private yards give each unit its own outdoor area. Tile and flat roofing systems complete the existing improvements.
Key Highlights
- 2,698 square feet configured as a duplex
- Each unit offers 2 bedrooms and 2 bathrooms
- Private 1‑car garage for each residence, with an additional room and bathroom
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residences feature private yards, in-unit laundry, and individual garages with bonus rooms and baths.
Where is this duplex located?
The property is located at 3405 NW 82nd Ave 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: 2,698 square feet configured as a duplex; Each unit offers 2 bedrooms and 2 bathrooms; Private 1‑car garage for each residence, with an additional room and bathroom
