Two-Unit Duplex with Separate
560-564 NE 35th Street, Oakland Park, FL 33334
For Sale
$639,000
Both residences have in-unit laundry and independent electric and water service.
Property Size1,756 SF
Lot Size0.25 Acres
Price / SF$363.90
Days on Market97
Property Features for 560-564 NE 35th Street
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
washer/dryer
Building Details
Building Size
Year Built
Buildings
Listing Agency:
La Rosa Realty Beaches LLC
Listed By:
Seana Abdelmajid · License #3329170
(727) 278-7862
Source:
Irgflorida
Added: Aug 3
Changed: Nov 6
Last Checked: Nov 6 at 2:39PM
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 La Rosa Realty Beaches LLC
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Investment Insights
Based on property information with market context.
This 1,756-square-foot duplex, built in 1970, contains two 2-bedroom, 1-bath units. Each residence has its own washer and dryer, plus separate electric and water meters. Unit 564 has terrazzo floors, air conditioning installed in 2023, a water heater installed in 2024, and a kitchen equipped with a stove, microwave, and refrigerator. Unit 560 features tile floors, wood cabinetry, and storage. Both bathrooms include a tub-and-shower combination.
The property occupies a 10,995-square-foot lot in Oakland Park. Wilton Manors is 1.2 miles away, Fort Lauderdale Beach is 3 miles away, and Lauderdale-by-the-Sea and downtown Fort Lauderdale are each 4 miles away.
The property occupies a 10,995-square-foot lot in Oakland Park. Wilton Manors is 1.2 miles away, Fort Lauderdale Beach is 3 miles away, and Lauderdale-by-the-Sea and downtown Fort Lauderdale are each 4 miles away.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- Separate electric and water meters for each residence
- Washer and dryer in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,272
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,440
$585.4K
Cap Rate 7%
$418,171
$418.2K
Cap Rate 9%
$325,244
$325.2K
Market Conditions
NOI Build-Up for 1,756 SF
Gross rent
$44.3K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$41.8K $23.81/SF
− OpEx
−$12.5K −$7.14/SF
NOI
$29.3K $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%
$585,440
Cap Rate 7%
$418,171
Cap Rate 9%
$325,244
Alternative Uses
Best Use
Multifamily LT 5
$418.2K
$365.9K – $487.9K
NOI $29,272 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$385.8K
$337.6K – $450.1K
NOI $27,006 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$890.9K
$779.5K – $1.04M
NOI $62,362 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
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
$430,500
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Oakland Park, FL
Properties on Market for Duplexes in Oakland Park
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have in-unit laundry and independent electric and water service.
Where is this duplex located?
The property is located at 560-564 NE 35th Street Oakland Park, FL.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; Separate electric and water meters for each residence; Washer and dryer in each unit
