Two-Unit Duplex With Private
For Sale
$674,000
3691 NW 78th Ln, Coral Springs, FL 33065
Residential Income, Coral Springs, FL
Property Size2,415 SF
Price / SF$279.09
Days on Market43
Property Features for 3691 NW 78th Ln
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RD-8
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 1
Parking
1
Subdivision
CORAL SPRINGS SUB NO 1
Directions
Head toward NW 78th Ln, Turn left onto NW 78th LnDestination will be on the left.
Standard status
Active
APN
484114015260
Size
2,415 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CORAL SPRINGS SUB NO 1 59-30 B LOT 5 BLK X
Tax Annual Amount
12007
Legal Description
CORAL SPRINGS SUB NO 1 59-30 B LOT 5 BLK X
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
impact windows
in-unit laundry
central air conditioning
fenced backyard
Building Details
Year built
1972
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Barrel
Listing Agency:
Propertio
(888) 817-3383
Listed By:
Alin Zdroba · License #3257641
(888) 817-3383
Added: Jul 18
Changed: Aug 26
Last Checked: Aug 29 at 8:06AM
MLS# A12014407
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 2,415-square-foot duplex contains two residential units, each arranged with 2 bedrooms and 1 bathroom. Both units include ceramic tile flooring, central air conditioning, impact windows, a dedicated laundry room, and a fenced backyard. The block construction, barrel roof, sprinkler system, and parking for both residences add to the property's existing physical improvements.
Located at 3691 NW 78th Ln in Coral Springs, the property is served by public water and public sewer. Both units are currently rented, with one tenancy reported on a month-to-month arrangement. The building was constructed in 1972 and offers a two-unit configuration with separately usable outdoor areas and residential amenities.
Located at 3691 NW 78th Ln in Coral Springs, the property is served by public water and public sewer. Both units are currently rented, with one tenancy reported on a month-to-month arrangement. The building was constructed in 1972 and offers a two-unit configuration with separately usable outdoor areas and residential amenities.
Key Highlights
- 2,415 SF duplex with two residential units
- Each unit includes 2 bedrooms and 1 bathroom
- Impact windows and sprinkler system
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
$41,753
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
6.19%
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%
$835,060
$835.1K
Cap Rate 7%
$596,471
$596.5K
Cap Rate 9%
$463,922
$463.9K
Market Conditions
NOI Build-Up for 2,415 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
$62.3K $25.80/SF
− Vacancy
−$2.7K −$1.10/SF
EGI
$59.6K $24.70/SF
− OpEx
−$17.9K −$7.41/SF
NOI
$41.8K $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%
$835,060
Cap Rate 7%
$596,471
Cap Rate 9%
$463,922
Alternative Uses
Best Use
Multifamily LT 5
$596.5K
$521.9K – $695.9K
NOI $41,753 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$550.2K
$481.4K – $641.9K
NOI $38,511 @ 7.0% cap · market cap 5.71%
Theoretical Best
Specialty Retail
$4.12M
$3.60M – $4.80M
NOI $288,279 @ 7.0% cap · market cap 42.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
684
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 - Income-producing duplex with separate laundry, central air, impact windows, and fenced outdoor areas for both units.
Where is this duplex located?
The property is located at 3691 NW 78th Ln Coral Springs, FL.
What is the asking price?
The asking price for this property is $674,000.
What are key features of this property?
This property features: 2,415 SF duplex with two residential units; Each unit includes 2 bedrooms and 1 bathroom; Impact windows and sprinkler system
