Oakland Hills Apartments — Sale in Margate, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Margate, FL 33068

Photos

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Investment Figures

Cap rate
7.22%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Oakland Hills Apartments, a 189-unit multifamily community located at 5451–5631 SW 11th Street in Margate, Florida. Built in 1988, the property consists of 28 buildings totaling 120,232 gross square feet across an expansive 18.81-acre site. The community features Cardinal construction, pitched shingle roofs, wall-unit air conditioning, an on-site swimming pool, and a lake, creating a low-density residential setting. The property offers a diverse unit mix consisting of 155 one-bedroom/one-bathroom units averaging 576 square feet, 23 two-bedroom/one-bathroom units averaging 864 square feet, 9 two-bedroom/two-bathroom units averaging 864 square feet, 1 three-bedroom/one-bathroom unit totaling 1,152 square feet, and 1 three-bedroom/two-bathroom unit totaling 1,100 square feet. The community's predominantly one-bedroom unit mix is complemented by larger two- and three-bedroom floorplans, providing housing options for a broad tenant base. Oakland Hills Apartments benefits from a central Broward County location with convenient access to State Road 7, Atlantic Boulevard, Florida's Turnpike, and the Sawgrass Expressway. The property is surrounded by established residential neighborhoods and is within convenient proximity to employment, retail, dining, schools, and recreational amenities throughout Margate, Coconut Creek, Coral Springs, and Pompano Beach. Oakland Hills Apartments presents investors with the opportunity to acquire a large-scale, low-density multifamily community with significant land area in an established Broward County rental market. The combination of 189 units across 28 buildings, nearly 19 acres of land, an on-site lake and swimming pool, and a diverse unit mix provides a unique investment opportunity with substantial long-term value. Investment Highlights: • 189-Unit Community Across 28 Buildings On 18.81 Acres • Low-Density Setting Featuring An On-Site Lake And Swimming Pool • 1988 Construction With Pitched Shin

Market Context

This multifamily in Margate, FL is listed for sale. It is offered at an approximate 7.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Margate, FL — view the full market.

As of Q4 2025, the Fort Lauderdale multifamily market showed a 5.1% vacancy rate, and average asking rents near $2414.00/unit/mo. Source: multiple brokerage reports, Q4 2025.

Tight vacancy keeps competition for quality space elevated.

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Is the Fort Lauderdale multifamily market tightening or softening?
Vacancy is around 5.1% (Q4 2025).

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