Renovated 4-Unit
For Sale
$1,550,000
11500-11506 NW 43rd Court, Coral Springs, FL 33065
Residential Income, Coral Springs, FL
Property Size3,831 SF
Lot Size0.29 Acres
Price / SF$404.59
Days on Market152
Property Features for 11500-11506 NW 43rd Court
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM-15
Bedrooms
12
Full bathrooms
8
Rooms
Bedroom 3, Bedroom 7, Bathroom 5, Bedroom 2, Bedroom 8, Bedroom 10, Bathroom 2, Bathroom 6, Bedroom 5, Bedroom 4, Bedroom 12, Bedroom 11, Bedroom 9, Bathroom 3, Bedroom 6, Bathroom 4, Bathroom 8, Bedroom 1, Bathroom 7, Bathroom 1
Pets allowed
No, Yes
Subdivision
GLENWOOD SUBDIVISION
Elementary school
Coral Springs
Middle school
Coral Springs
High school
Coral Glades
Standard status
Active
APN
484117020500
Size
3,831 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GLENWOOD SUBDIVISION 69-33 B LOT 23 BLK B
Tax Annual Amount
23611
Legal Description
GLENWOOD SUBDIVISION 69-33 B LOT 23 BLK B
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1987
Floors in Building
2
Number of units
4
Flooring type
Laminate, Tile, Wood, Tile - Ceramic
Building materials
CBS, Stucco
Roof type
Shingle
Listing Agency:
United Realty Group, Inc
(561) 235-2127
Listed By:
Alexander Paul Karram · License #3285463
(561) 558-7218
Added: Apr 13
Changed: Sep 8
Last Checked: Sep 11 at 2:06AM
MLS# B26016309
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 3,831-square-foot quadplex contains four renovated residential units on a 0.29-acre parcel. Improvements include updated kitchens and bathrooms, new flooring and fixtures, fresh interior paint, and modern finish details. The building was constructed in 1987 with CBS and stucco exterior materials, a shingle roof, central heating, and central air conditioning.
The property is located in Coral Springs, near shopping, dining, parks, and major commuter routes. Public water and public sewer serve the site, while RM-15 zoning is identified for the property. Interior room data includes 12 bedrooms and 8 bathrooms, providing a substantial residential configuration across the four units.
The property is located in Coral Springs, near shopping, dining, parks, and major commuter routes. Public water and public sewer serve the site, while RM-15 zoning is identified for the property. Interior room data includes 12 bedrooms and 8 bathrooms, providing a substantial residential configuration across the four units.
Key Highlights
- Four‑unit quadplex with 3,831 square feet of building area
- 0.29‑acre parcel in Coral Springs
- Renovated kitchens, bathrooms, flooring, fixtures, and interior paint
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
$66,234
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
4.27%
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%
$1,324,680
$1.3M
Cap Rate 7%
$946,200
$946.2K
Cap Rate 9%
$735,933
$735.9K
Market Conditions
NOI Build-Up for 3,831 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
$98.8K $25.80/SF
− Vacancy
−$4.2K −$1.10/SF
EGI
$94.6K $24.70/SF
− OpEx
−$28.4K −$7.41/SF
NOI
$66.2K $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%
$1,324,680
Cap Rate 7%
$946,200
Cap Rate 9%
$735,933
Alternative Uses
Best Use
Multifamily LT 5
$946.2K
$827.9K – $1.10M
NOI $66,234 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$872.7K
$763.6K – $1.02M
NOI $61,091 @ 7.0% cap · market cap 3.94%
Theoretical Best
Specialty Retail
$6.53M
$5.72M – $7.62M
NOI $457,307 @ 7.0% cap · market cap 29.50%
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
1,065
Businesses Nearby
Explore this area
Business Placement
Demographics for 33065, FL
59,668
Population
21,416
Households
2.8
Avg Household Size
36
Median Age
31%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
6,938
Density / Sq Mi
$70,435
Median Household Income
$36,255
Median Earnings
$1,833
Median Rent
$416,800
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 - RM-15-zoned four-unit property with refreshed interiors, central HVAC, and public water and sewer.
Where is this quadplex located?
The property is located at 11500-11506 NW 43rd Court Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,831 square feet of building area; 0.29‑acre parcel in Coral Springs; Renovated kitchens, bathrooms, flooring, fixtures, and interior paint
