Single-Story
50 NE 36TH Court, Oakland Park, FL 33334
For Sale
$749,000
Three residential units include two two-bedroom layouts and one one-bedroom layout, with month-to-month tenancies.
Property Size2,425 SF
Price / SF$308.87
Days on Market103
Property Features for 50 NE 36TH Court
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Charles Rutenberg Realty FTL
Listed By:
Dylan Fernandez · License #3301215
(954) 701-9162
Source:
Ryancritch
Added: Jul 28
Changed: Nov 6
Last Checked: Nov 6 at 2:24PM
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 Charles Rutenberg Realty FTL
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Investment Insights
Based on property information with market context.
This 1971-built, single-story triplex in Oakland Park contains 2,425 square feet of finished living area. Its three-unit configuration comprises two 2-bedroom, 1-bathroom residences and one 1-bedroom, 1-bathroom residence.
All three units are occupied under month-to-month arrangements. Each tenancy has lasted more than one year.
All three units are occupied under month-to-month arrangements. Each tenancy has lasted more than one year.
Key Highlights
- 2,425 square feet of finished living space
- Three units: two 2‑bedroom, 1‑bathroom layouts and one 1‑bedroom, 1‑bathroom layout
- Single‑story building constructed in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,424
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,480
$808.5K
Cap Rate 7%
$577,486
$577.5K
Cap Rate 9%
$449,156
$449.2K
Market Conditions
NOI Build-Up for 2,425 SF
Gross rent
$61.1K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$57.7K $23.81/SF
− OpEx
−$17.3K −$7.14/SF
NOI
$40.4K $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 Rate 5%
$808,480
Cap Rate 7%
$577,486
Cap Rate 9%
$449,156
Alternative Uses
Best Use
Multifamily LT 5
$577.5K
$505.3K – $673.7K
NOI $40,424 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$532.8K
$466.2K – $621.6K
NOI $37,295 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,121 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
Explore this area
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
$430,500
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Broward County, FL
Properties on Market for Triplexes in Broward County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include two two-bedroom layouts and one one-bedroom layout, with month-to-month tenancies.
Where is this triplex located?
The property is located at 50 NE 36TH Court Oakland Park, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 2,425 square feet of finished living space; Three units: two 2‑bedroom, 1‑bathroom layouts and one 1‑bedroom, 1‑bathroom layout; Single‑story building constructed in 1971
