Furnished Fourplex with Private
For Sale
$2,100,000
1262 The 12th Fairway, Wellington, FL 33414
Residential Income, Wellington, FL
Property Size3,600 SF
Lot Size0.37 Acres
Price / SF$583.33
Days on Market50
Property Features for 1262 The 12th Fairway
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
WELL_PUD (city)
Bedrooms
8
Full bathrooms
8
Rooms
Bathroom 6, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 5, Bathroom 7, Bathroom 3, Bathroom 8, Bedroom 7, Bedroom 3, Bedroom 4, Bedroom 8, Bedroom 6, Bathroom 4, Bedroom 2
Window features
Storm Window(s)
Patio and Porch features
Patio
Pets allowed
No, Yes
Subdivision
SOUTH SHORE 4 OF WELLINGTON
Lot features
Sidewalks
Elementary school
Elbridge Gale
Middle school
Polo Park
High school
Wellington
Directions
Wellington Trace to 12th fairway.
Standard status
Active
APN
73414402030090160
Size
3,600 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SOUTH SHORE NO 4 OF WELLINGTONLT 16 BLK 9
Tax Annual Amount
9338
Legal Description
SOUTH SHORE NO 4 OF WELLINGTONLT 16 BLK 9
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Water front
1
Amenities
private furnished patios
in-unit combo washer/dryer
stainless steel appliances
Building Details
Year built
1980
Floors in Building
1
Number of units
4
Flooring type
Tile - Ceramic
Building materials
CBS
Roof type
Composition
Listing Agency:
Illustrated Properties LLC (We
(561) 793-2300
Listed By:
Nicolette R Goldfarb · License #3277441
(561) 777-9690
Added: Jul 6
Changed: Aug 19
Last Checked: Aug 24 at 2:06PM
MLS# B26049019
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.
Furnished quadplex on The 12th Fairway in Wellington with four identical 2BR/2BA units. Each unit is fully furnished and includes a living room, bedrooms, mounted TVs, a private furnished patio, and an in-unit combo washer/dryer. The property has recently renovated open floor plans and stainless steel appliances, along with a newly redone driveway/parking area.
The building is constructed with CBS, features ceramic tile flooring, central heating and central air conditioning, and a composition roof. Utilities include public water and public sewer service, with cable available.
Zoned WELL-PUD (city), the property was built in 1980 and sits on a 0.37-acre lot.
The building is constructed with CBS, features ceramic tile flooring, central heating and central air conditioning, and a composition roof. Utilities include public water and public sewer service, with cable available.
Zoned WELL-PUD (city), the property was built in 1980 and sits on a 0.37-acre lot.
Key Highlights
- Four identical 2BR/2BA units, each fully furnished with mounted TVs and private furnished patios
- In‑unit combo washer/dryer in every unit
- Recently renovated open floor plans with stainless steel appliances
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
$60,011
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
2.86%
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%
$1,200,220
$1.2M
Cap Rate 7%
$857,300
$857.3K
Cap Rate 9%
$666,789
$666.8K
Market Conditions
NOI Build-Up for 3,600 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
$90.7K $25.20/SF
− Vacancy
−$5.0K −$1.39/SF
EGI
$85.7K $23.81/SF
− OpEx
−$25.7K −$7.14/SF
NOI
$60.0K $16.67/SF
Area
Palm Beach 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%
$1,200,220
Cap Rate 7%
$857,300
Cap Rate 9%
$666,789
Alternative Uses
Best Use
Multifamily LT 5
$857.3K
$750.1K – $1.00M
NOI $60,011 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$790.9K
$692.1K – $922.8K
NOI $55,366 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,473 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Explore this area
Business Placement
Demographics for 33414, FL
59,802
Population
23,111
Households
2.6
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
28.3 sq mi
ZIP Area
2,113
Density / Sq Mi
$105,953
Median Household Income
$52,892
Median Earnings
$2,326
Median Rent
$533,800
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?
Quadplex - Furnished fourplex in WELL-PUD zoning with four 2BR/2BA units, each with a private patio and in-unit washer/dryer.
Where is this quadplex located?
The property is located at 1262 The 12th Fairway Wellington, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Four identical 2BR/2BA units, each fully furnished with mounted TVs and private furnished patios; In‑unit combo washer/dryer in every unit; Recently renovated open floor plans with stainless steel appliances
