Three-Building Residential Income
For Sale
$879,000
Pending
749 NW 43rd St, Oakland Park, FL 33309
MULTI_FAMILY - Oakland Park, FL
Property Size1,950 SF
Lot Size0.32 Acres
Days on Market31
Property Features for 749 NW 43rd St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-1
Bedrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2
Parking
8
Security features
Security
Window features
Blinds, Drapes
Patio and Porch features
Porch
Exterior features
Barbecue, Fence, Fruit Trees, Lighting, Porch, Shed, Storm/Security Shutters
Fencing
Fenced
Subdivision
PROSPECT GARDENS
Lot features
Sprinkler System, < 1/4 Acre
Directions
From I-95 Exit 32 (Commercial Blvd) go East to Andrews Ave. Go South on Andrews (Turn Right) to 749 NW 43 Street. Property is on a dead end street, last property on the right.
Standard status
Pending
APN
494222080950
Size
1,950 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PROSPECT GARDENS 22-26 B LOT 8 W1/2,LESS BEG NW COR OF LOT 8,E 21.98,SW 55.13,N 50.58 TO POB & LOT 10 E 100,LESS BEG AT NE COR S 50.58,SW 86
Tax Annual Amount
9760
Legal Description
PROSPECT GARDENS 22-26 B LOT 8 W1/2,LESS BEG NW COR OF LOT 8,E 21.98,SW 55.13,N 50.58 TO POB & LOT 10 E 100,LESS BEG AT NE COR S 50.58,SW 86
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Flooring type
Tile
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
HomeCoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #3477996
(888) 400-2513
Added: Jul 18
Changed: Aug 5
Last Checked: Aug 17 at 2:06AM
MLS# A11982343
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 for-sale income property includes three separate buildings on one parcel with a total lot size of 13,803 square feet. Building 1 is a warehouse measuring 22 by 50 feet, with a 1,100-square-foot lower level plus a 577-square-foot loft and a half bath. Buildings 2 and 3 are two separate furnished 2/1 homes, each with in-home laundry. Building 2 includes a private drive and a privately fenced yard, and Building 3 includes a shed, covered patio, carport, private drive, and privately fenced yard, with additional RV hookups, an outdoor shower, and a private laundry/office area.
The location is described as minutes to Wilton Manors shopping and dining, and offers a private, quiet end-of-street setting. The property also notes ample parking suitable for long vehicles and trailers over 24 feet, and that adjacent parcels may be available.
The location is described as minutes to Wilton Manors shopping and dining, and offers a private, quiet end-of-street setting. The property also notes ample parking suitable for long vehicles and trailers over 24 feet, and that adjacent parcels may be available.
Key Highlights
- Three separate buildings on one parcel, including a 22' x 50' warehouse with 1,100 SF lower level plus 577 SF loft and a half bath
- Two furnished 2/1 single‑family homes set up for Air BnB, each with private drive, privately fenced yard, and on‑site laundry
- Second Air BnB home includes 1,175 SF plus laundry, shed, covered patio, carport, private drive, and privately fenced yard
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
$29,990
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
3.41%
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%
$599,800
$599.8K
Cap Rate 7%
$428,429
$428.4K
Cap Rate 9%
$333,222
$333.2K
Market Conditions
NOI Build-Up for 1,950 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
$57.1K $29.28/SF
− Vacancy
−$2.6K −$1.32/SF
EGI
$54.5K $27.96/SF
− OpEx
−$24.5K −$12.58/SF
NOI
$30.0K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
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%
$599,800
Cap Rate 7%
$428,429
Cap Rate 9%
$333,222
Alternative Uses
Best Use
Apartment 5plus
$428.4K
$374.9K – $499.8K
NOI $29,990 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$989.3K
$865.7K – $1.15M
NOI $69,252 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
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?
Short term rental property - Three separate buildings on one parcel, including a warehouse and two furnished 2/1 homes with ample parking for long vehicles.
Where is this short term rental property located?
The property is located at 749 NW 43rd St Oakland Park, FL.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Three separate buildings on one parcel, including a 22' x 50' warehouse with 1,100 SF lower level plus 577 SF loft and a half bath; Two furnished 2/1 single‑family homes set up for Air BnB, each with private drive, privately fenced yard, and on‑site laundry; Second Air BnB home includes 1,175 SF plus laundry, shed, covered patio, carport, private drive, and privately fenced yard
