$699,000 - Oakland Park Triplex Investment Opportunity With Strong Rental Potential

A triplex can do what a single-family rental can’t. It can spread risk across three doors, bring in several rent checks, and give an owner more ways to hold, improve, or reposition the property.

This one-story Oakland Park triplex offers 1,590 square feet of finished living space on a 6,534-square-foot lot. It was built in 1959 and sits in Broward County, one of South Florida’s active rental markets. Based on the listed rents, the property has a scheduled monthly rent total of $4,795, before expenses, vacancy, repairs, insurance, taxes, and management.

That makes it worth a closer look for anyone comparing Investment Properties Broward County Florida.

Why this Oakland Park triplex stands out as an Investment Opportunity

Small multi-unit properties are often overlooked as an investment opportunity. Larger apartment buildings get attention from bigger investors. Single-family homes get attention from first-time landlords. A triplex sits in the middle.

That middle ground can be useful.

This property has three separate rental units in one single-story building. That gives an owner several options:

• Keep all three units rented for income.

• Live in one unit and rent the others, if local rules and financing allow.

• Improve one unit at a time without taking the whole property offline.

• Hold the property as a long-term rental in a central Broward County location.

  
  

The one-story layout also matters. Stairs add wear, maintenance, and access issues. A single-level building can be simpler for tenants and easier to maintain over time.

The building materials are also practical for South Florida. The listing notes block and stucco construction, a slab foundation, and a composition shingle roof. Those are common features in the region, which can make it easier to find contractors who know how to work on the property.

No pool is listed. For some buyers, that’s a plus. Pools can help certain rentals, but they also add cleaning, repairs, insurance concerns, and safety responsibilities. A rental property without a pool can be simpler to operate.

The lot also has features renters tend to notice. The listing mentions a courtyard, fence, patio, garden view, and room for a pool. Outdoor space can help a small rental live larger, especially in South Florida.

The rental income picture deserves attention

The listed unit rents are the first thing most investors will check. Here’s the rent picture based on the property details provided.

The listed scheduled rent total is:

$4,795 per month

That equals:

$57,540 per year

That number is not net income. It’s the top-line rent before normal ownership costs. The real number depends on expenses, lease terms, rent collection, utilities, repairs, local taxes, insurance, and vacancy.

A simple way to review the income is to separate income from expenses.

Gross rent tells you what comes in.

Net income tells you what remains after costs.

For a triplex, common costs may include:

• Property taxes

• Insurance

• Repairs and upkeep

• Lawn care

• Water, sewer, or trash, if paid by the owner

• Pest control

• Property management, if used

• Vacancy allowance

• Legal or accounting help

• Capital repairs, such as roof, plumbing, or electrical work

  
  

That last item matters. A 1959 building can be a solid asset, but older buildings need smart planning. The right question isn’t, “Is it old?” The right question is, “What has been updated, what still works well, and what will need money soon?”

The listing notes a current owner wind mitigation certificate and partial storm protection, including impact glass, panel shutters, and accordion shutters. In Florida, storm protection can matter for both safety and insurance review. A buyer should still verify the certificate, ask what openings are protected, and confirm how the insurer views the property.

The property features point to practical rental use

This triplex is not being positioned as a luxury property. That’s not the point. Its appeal is practical.

The basics line up with what many renters look for:

• Central air conditioning

• Tile flooring

• Public water

• Public sewer

• Cable and electricity availability

• Laundry features in two listed units

• Patio or porch access for one unit

• Utility room for one unit

• Parking noted for one unit

  
  

Tile flooring is a useful detail. In South Florida rentals, tile often holds up better than carpet. It can handle humidity, sand, pets in some properties, and frequent tenant turnover better than softer flooring. This listing says pets are not allowed, but durable flooring still helps.

The windows include jalousie windows and impact glass, according to the listing. Jalousie windows are common in older Florida properties. They can provide airflow, but buyers should inspect their condition closely. Impact glass is a stronger feature, but the listing says storm protection is partial, not full.

The exterior includes fencing and a courtyard. Those features can create a sense of separation between units. That matters in a small multi-unit property, where privacy can affect tenant satisfaction.

The property sits on an interior lot of less than a quarter acre. That’s a manageable lot size. Large lots can add expense. Very small lots can feel tight. A 6,534-square-foot lot gives some outdoor utility without turning the property into a maintenance-heavy site.

There’s also “room for pool” listed. That doesn’t mean adding a pool is the right investment. In many rental cases, keeping usable yard or patio space can be better. A buyer should compare the cost, insurance effect, maintenance burden, and likely rent lift before adding anything major.

For South Florida Real Estate, simple and durable often wins. Tenants want clean, working, comfortable space. Owners want income without constant surprises. This property’s listed features fit that basic rental model.

What to verify before making an offer

The listed details are useful, but they’re only the start. A triplex needs careful review because the value depends on both the building and the leases.

Start with the rent roll. That’s the document showing each unit’s rent, lease dates, deposits, and payment status. The listed rents are helpful, but a buyer should confirm:

• Current lease terms

• Security deposits

• Whether tenants are current

• Who pays utilities

• Any verbal agreements

• Renewal dates

• Rent increase history

  
  

Next, review expenses. A strong rent total can look weaker if expenses are high. Ask for recent bills and records where possible. That includes insurance, property taxes, water, sewer, trash, repairs, pest control, landscaping, and any management costs.

Then look at the building systems.

For a 1959 property, these areas deserve close inspection:

• Roof age and remaining life

• Plumbing type and condition

• Electrical panel condition

• Air conditioning age and service history

• Window condition

• Drainage around the property

• Signs of moisture damage

• Foundation or slab concerns

• Condition of appliances in each unit

  
  

The listing states the property has central heating and central air, and it also notes air conditioning units for units 2 and 3. That should be clarified during inspection. Multi-unit properties can have different systems serving different spaces, and maintenance costs depend on how those systems are set up.

Also check legal use. The listing identifies the property as a triplex and residential income property. A buyer should still verify zoning, permitted use, and unit status with the city or county. This step protects against surprises after closing.

Insurance is another big item. Florida insurance costs can change the numbers fast. Get quotes early. Don’t wait until the end of the buying process. Ask the insurer how the roof, wind mitigation certificate, shutters, impact glass, age, and electrical condition affect coverage.

Taxes also matter. Property taxes can change after a sale. Don’t rely only on the current owner’s tax bill. Ask for an estimate based on the likely purchase price.

This content is for general information only. It isn’t financial, legal, tax, or insurance advice. A buyer should work with licensed local pros before making a decision.

How this triplex could fit an investment plan

The strongest reason to study a triplex is flexibility. One property gives three income streams. If one unit turns over, the other two may still produce rent. That can reduce pressure compared with a single-family rental, where one vacancy means no rental income.

Here are a few ways an owner might think about the property.

The best plan depends on the purchase price, financing, rent terms, and repair needs. The listing details alone don’t answer that. They do show that the property has a clear income structure and several practical features.

One important point: don’t judge the property only by current rent. Current rent may be above market, below market, or right in line. The only way to know is to compare similar nearby rentals with similar size, condition, parking, laundry, and outdoor space.

Also don’t assume every upgrade pays for itself. New finishes can help, but rental math is strict. A $15,000 improvement needs a real rent increase, lower vacancy, lower maintenance, or better financing outcome to make sense.

Good rental ownership is boring in the best way. Collect rent. Fix issues early. Keep tenants who pay and care for the space. Track expenses. Save for big repairs. Avoid guessing.

This Oakland Park triplex gives a buyer a starting point with three units, existing rent figures, public utilities, central cooling, tile floors, outdoor space, and a manageable one-story layout.

The takeaway for this Oakland Park triplex

This property is worth attention because the structure is simple and the income setup is clear. It’s a one-story triplex with three listed rents totaling $4,795 per month. It has block and stucco construction, tile flooring, public water and sewer, central cooling, fenced outdoor areas, and partial storm protection.

The opportunity is not just the rent number. It’s the mix of income, flexibility, and manageable scale.

The next step is straightforward. Verify the leases. Review expenses. Inspect the building. Price the insurance. Confirm legal use. Then run the numbers with real costs, not guesses.

If the income holds up after due diligence, this Oakland Park triplex could be a strong addition to a Broward County rental portfolio.