Duplex with Back
For Sale
$499,000
3467 Northeast 13th Avenue Unit A B, Oakland Park, FL 33334
Duplex on a quiet, tree-lined avenue offering two one-bedroom residences, shared laundry, and private back patios.
Property Size1,100 SF
Price / SF$453.64
Days on Market163
Property Features for 3467 Northeast 13th Avenue Unit A B
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Residential Income / Duplex
Taxes and HOA fees
Annual Taxes
$10,841
Amenities
No
Electric, Wall/Window Unit(s)
Electric, Window/Wall
1.0
Other
1
2
Patio
One
Flat, Tile
Duplex
Storm Window(s)
Impact Glass
Yes
Patio, Patio - Covered
Building Details
Year Built
1960
Listing Agency:
LoKation
Listed By:
Henrik Hesselman · License #3017889
(954) 336-7007
Source:
Compass
Added: May 27
Changed: Oct 31
Last Checked: Nov 4 at 3:28PM
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 LoKation
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Investment Insights
Based on property information with market context.
This property is currently configured as a duplex, with two one-bedroom, one-bath units. Each unit includes a kitchen and family room and opens to a back patio. The building also provides shared laundry facilities. The duplex is in need of interior renovation, giving an owner the opportunity to update finishes and layouts. Exterior improvements include a new roof installed in 2021, and all doors and windows replaced in 2021 with hurricane impact glass, completed with permits.
The site is located in the heart of Oakland Park, positioned behind Funky Buda and near Downtown Oakland Park while set on a quiet, tree-lined avenue. The surrounding area offers walkable access to nearby restaurants, venues, and shops.
For buyers, this property can fit investors or owner-occupants seeking a duplex with clear unit separation and outdoor patio space. The lot also may offer redevelopment options, including townhomes or a single-family home, subject to applicable approvals. The combination of recent exterior work and interior renovation needs supports a range of value-add approaches.
The site is located in the heart of Oakland Park, positioned behind Funky Buda and near Downtown Oakland Park while set on a quiet, tree-lined avenue. The surrounding area offers walkable access to nearby restaurants, venues, and shops.
For buyers, this property can fit investors or owner-occupants seeking a duplex with clear unit separation and outdoor patio space. The lot also may offer redevelopment options, including townhomes or a single-family home, subject to applicable approvals. The combination of recent exterior work and interior renovation needs supports a range of value-add approaches.
Key Highlights
- Duplex built in 1960 with two 1‑bedroom, 1‑bath units, each with a kitchen and family room.
- New 2021 roof plus 2021 replacement doors and windows with hurricane impact glass, completed with permits.
- Each unit includes a private back patio.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,337
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,740
$366.7K
Cap Rate 7%
$261,957
$262.0K
Cap Rate 9%
$203,744
$203.7K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$27.7K $25.20/SF
− Vacancy
−$1.5K −$1.39/SF
EGI
$26.2K $23.81/SF
− OpEx
−$7.9K −$7.14/SF
NOI
$18.3K $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 Rate 5%
$366,740
Cap Rate 7%
$261,957
Cap Rate 9%
$203,744
Alternative Uses
Best Use
Multifamily LT 5
$262.0K
$229.2K – $305.6K
NOI $18,337 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$241.7K
$211.5K – $282.0K
NOI $16,917 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$558.1K
$488.3K – $651.1K
NOI $39,065 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,332
Businesses Nearby
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Business Placement
Demographics for 33334, FL
30,138
Population
14,314
Households
2.1
Avg Household Size
44
Median Age
33%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,279
Density / Sq Mi
$69,512
Median Household Income
$36,895
Median Earnings
$1,615
Median Rent
$430,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex on a quiet, tree-lined avenue offering two one-bedroom residences, shared laundry, and private back patios.
Where is this duplex located?
The property is located at 3467 Northeast 13th Avenue Unit A B Oakland Park, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Duplex built in 1960 with two 1‑bedroom, 1‑bath units, each with a kitchen and family room.; New 2021 roof plus 2021 replacement doors and windows with hurricane impact glass, completed with permits.; Each unit includes a private back patio.
