Renovated Two-Unit
For Sale
$848,000
E-w-8971 Nw 33rd St, Coral Springs, FL 33064
The 3,222-square-foot property combines updated interiors, outdoor space, and a tile roof in Coral Springs.
Property Size3,222 SF
Price / SF$263.19
Days on Market28
Property Features for E-w-8971 Nw 33rd St
General Information
Standard status
Active
Size
3,222 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2-2, 1 x 3/2
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,715
Amenities
Screened Florida Room
Large fenced Yard
Building Details
Buildings
1
Listing Agency:
Avanti Way Realty LLC
(305) 229-1146
Listed By:
Shawndra L Smialek · License #3068887
(305) 746-5302
Source:
Exprealty
Added: Aug 7
Changed: Aug 31
Last Checked: Sep 1 at 11:46PM
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 Avanti Way Realty LLC
Investment Insights
Based on property information with market context.
This two-unit duplex contains 3,222 square feet. The first residence is configured as a 2-2 unit with recent renovation work, large tile flooring, granite waterfall countertops, a screened Florida room, and a fenced yard. The second residence offers a 3/2 layout with several recent updates.
The property is located in Coral Springs, Florida. A lease for the second unit is pending with a commencement date of September 17, 2026. The offering also includes a new tile roof, adding a recent capital improvement to the property’s physical features.
The property is located in Coral Springs, Florida. A lease for the second unit is pending with a commencement date of September 17, 2026. The offering also includes a new tile roof, adding a recent capital improvement to the property’s physical features.
Key Highlights
- 3,222‑square‑foot duplex in Coral Springs
- First unit features a renovated 2‑2 layout
- Waterfall granite countertops and large tile flooring
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
$55,705
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
6.57%
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%
$1,114,100
$1.1M
Cap Rate 7%
$795,786
$795.8K
Cap Rate 9%
$618,944
$618.9K
Market Conditions
NOI Build-Up for 3,222 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
$83.1K $25.80/SF
− Vacancy
−$3.5K −$1.10/SF
EGI
$79.6K $24.70/SF
− OpEx
−$23.9K −$7.41/SF
NOI
$55.7K $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%
$1,114,100
Cap Rate 7%
$795,786
Cap Rate 9%
$618,944
Alternative Uses
Best Use
Multifamily LT 5
$795.8K
$696.3K – $928.4K
NOI $55,705 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$734.0K
$642.3K – $856.3K
NOI $51,380 @ 7.0% cap · market cap 6.06%
Theoretical Best
Specialty Retail
$5.49M
$4.81M – $6.41M
NOI $384,611 @ 7.0% cap · market cap 45.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,472
Businesses Nearby
Explore this area
Business Placement
Demographics for 33064, FL
62,429
Population
26,641
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
82%
High-School Grad
10.2 sq mi
ZIP Area
6,120
Density / Sq Mi
$66,269
Median Household Income
$35,090
Median Earnings
$1,689
Median Rent
$293,100
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?
Duplex - The 3,222-square-foot property combines updated interiors, outdoor space, and a tile roof in Coral Springs.
Where is this duplex located?
The property is located at E-w-8971 Nw 33rd St Coral Springs, FL.
What is the asking price?
The asking price for this property is $848,000.
What are key features of this property?
This property features: 3,222‑square‑foot duplex in Coral Springs; First unit features a renovated 2‑2 layout; Waterfall granite countertops and large tile flooring
