Triplex with Coin
898 NE 39TH Street, Oakland Park, FL 33334
For Sale
New
$559,000
Residential Income, Oakland Park, FL
Property Size2,166 SF
Lot Size0.17 Acres
Price / SF$258.08
Days on Market3
Property Features for 898 NE 39TH Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Patio and Porch features
Pets allowed
Exterior features
Subdivision
Lot features
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
patios
fruit trees
coin laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Brian W Calvert · License FL #0695796
(954) 678-7523
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 11 at 3:06AM
MLS# B26098094
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,166-square-foot triplex was built in 1959 on a 0.17-acre parcel. The front apartment has one bedroom and one bathroom; the rear section has two bedrooms and two bathrooms and is currently operated as two one-bedroom, one-bathroom rentals. Coin-operated laundry provides an additional income source. The property also includes multiple outdoor sitting areas and fruit trees.
Improvements completed in 2022 include a new roof, hot water tank, and pipe lining. Most windows on the east and north sides are impact-rated. The building has two electric meters, while the owner pays for water. Public water and sewer serve the property; construction is CBS and stucco, with a shingle roof and ceramic tile flooring.
Improvements completed in 2022 include a new roof, hot water tank, and pipe lining. Most windows on the east and north sides are impact-rated. The building has two electric meters, while the owner pays for water. Public water and sewer serve the property; construction is CBS and stucco, with a shingle roof and ceramic tile flooring.
Key Highlights
- 2,166 square feet on a 0.17‑acre parcel
- Front apartment: 1 bedroom and 1 bathroom
- Rear section: 2 bedrooms and 2 bathrooms, currently rented as two 1‑bedroom, 1‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,098
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,960
$662.0K
Cap Rate 7%
$472,829
$472.8K
Cap Rate 9%
$367,756
$367.8K
Market Conditions
NOI Build-Up for 2,166 SF
Gross rent
$63.7K $29.40/SF
− Vacancy
−$3.5K −$1.62/SF
EGI
$60.2K $27.78/SF
− OpEx
−$27.1K −$12.50/SF
NOI
$33.1K $15.28/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,960
Cap Rate 7%
$472,829
Cap Rate 9%
$367,756
Alternative Uses
Best Use
Apartment 5plus
$472.8K
$413.7K – $551.6K
NOI $33,098 @ 7.0% cap · market cap 5.92%
Second Best
Multifamily LT 5
$363.3K
$317.9K – $423.8K
NOI $25,430 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.10M
$961.5K – $1.28M
NOI $76,923 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,671
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
$430,500
Median Home Value
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Market
Average Price Trend$/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 living areas are arranged across a front apartment and a larger rear section currently divided into two rentals.
Where is this triplex located?
The property is located at 898 NE 39TH Street Oakland Park, FL.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: 2,166 square feet on a 0.17‑acre parcel; Front apartment: 1 bedroom and 1 bathroom; Rear section: 2 bedrooms and 2 bathrooms, currently rented as two 1‑bedroom, 1‑bathroom units
