Two-Story Quadplex with
For Sale
$2,190,000
1001 SE 3rd Street, Deerfield Beach, FL 33441
Residential Income, Deerfield Beach, FL
Property Size4,653 SF
Lot Size0.17 Acres
Price / SF$470.66
Days on Market82
Property Features for 1001 SE 3rd Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM-15
Bedrooms
8
Full bathrooms
8
Rooms
Bedroom 3, Bedroom 7, Bedroom 4, Bathroom 7, Bedroom 2, Bathroom 3, Bathroom 8, Bedroom 6, Bedroom 5, Bathroom 1, Bathroom 6, Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 8, Bathroom 5
Window features
Blinds
Patio and Porch features
Patio
Pets allowed
Yes, No
Exterior features
Balcony
Subdivision
DEERFIELD COLONY COURT / DOWNTOWN DEERFIELD / COVE
Elementary school
Deerfield Beach
Middle school
Deerfield Beach
High school
Deerfield Beach
Standard status
Active
APN
484306270100
Size
4,653 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DEERFIELD COLONY COURT 49-4 B LOT 10
Tax Annual Amount
21091
Legal Description
DEERFIELD COLONY COURT 49-4 B LOT 10
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
common laundry room
Building Details
Year built
1973
Floors in Building
2
Number of units
4
Flooring type
Tile
Building materials
CBS
Roof type
Tile
Listing Agency:
Regency Realty Services
(561) 394-4600
Listed By:
Matan Morag PA · License #3124553
(561) 706-0095
Added: Jun 29
Changed: Sep 12
Last Checked: Sep 18 at 12:06PM
MLS# B26046547
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.
Investment Insights
Based on property information with market context.
This two-story quadplex contains 4,653 square feet above grade on a 0.17-acre lot. The property includes four units, each arranged with two bedrooms and two bathrooms, along with modern kitchens and bathrooms. A common laundry room is located downstairs. Balconies and a patio provide additional outdoor features, while tile flooring is used throughout the property. CBS construction, a tile roof, central air conditioning, and central electric heating serve the building. Public water and public sewer are available, and cable service is available. Built in 1973, the property is zoned RM-15.
The property is located at 1001 SE 3rd Street in Deerfield Beach, within The Cove and Downtown Deerfield Beach. Its Broward County location places the quadplex near local amenities and services. The two-story layout and four consistent floor plans provide a defined multifamily configuration for residential income use.
The property is located at 1001 SE 3rd Street in Deerfield Beach, within The Cove and Downtown Deerfield Beach. Its Broward County location places the quadplex near local amenities and services. The two-story layout and four consistent floor plans provide a defined multifamily configuration for residential income use.
Key Highlights
- 4,653 square feet above grade on a 0.17‑acre lot
- Four units with two bedrooms and two bathrooms per unit
- Common downstairs laundry room
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
$77,565
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
3.54%
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%
$1,551,300
$1.6M
Cap Rate 7%
$1,108,071
$1.1M
Cap Rate 9%
$861,833
$861.8K
Market Conditions
NOI Build-Up for 4,653 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
$117.3K $25.20/SF
− Vacancy
−$6.4K −$1.39/SF
EGI
$110.8K $23.81/SF
− OpEx
−$33.2K −$7.14/SF
NOI
$77.6K $16.67/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$25.20 /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%
$1,551,300
Cap Rate 7%
$1,108,071
Cap Rate 9%
$861,833
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$969.6K – $1.29M
NOI $77,565 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$1.02M
$894.5K – $1.19M
NOI $71,560 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$2.36M
$2.07M – $2.75M
NOI $165,246 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,855
Businesses Nearby
Explore this area
Business Placement
Demographics for 33441, FL
29,311
Population
15,225
Households
1.9
Avg Household Size
43
Median Age
28%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,106
Density / Sq Mi
$57,257
Median Household Income
$35,163
Median Earnings
$1,544
Median Rent
$381,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom, two-bath units include modern interiors and a shared laundry room on the lower level.
Where is this quadplex located?
The property is located at 1001 SE 3rd Street Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $2,190,000.
What are key features of this property?
This property features: 4,653 square feet above grade on a 0.17‑acre lot; Four units with two bedrooms and two bathrooms per unit; Common downstairs laundry room
