Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1944 NE 5Th St Deerfield Beach, FL 33441

    View on Map
    Sponsored
    For Sale
    $2,299,000

    Residential Income,Substantially Remodeled,Fourplex - Deerfield Beach, FL

    Property size:
    2,549 SF
    Days on Market:
    31
    Last Refresh:
    Mar 27 at 10:06 pm

    Property Features for 1944 NE 5Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM-10
    APN
    484305021480
    Parking
    8
    Size
    2,549 SF

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1947
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Block, Concrete
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Mariela Lechin

    United Realty Group Inc

    Listing agent Mariela Lechin License #3037329

    Listing date Feb 24, 2026

    MLS# F10488055 Listing URL

    Copyright © 2026 BeachesMLS / Matrix. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Deerfield Beach Fourplex Near Beach

    Located two blocks from the beach, this fourplex in Deerfield Beach, Florida, operates as a short-term rental property. The property, zoned RM-10, is currently running as a short term rental property. The 2,549-square-foot property is configured as a fourplex, with a 2/2 unit that has been divided into a 1/1 unit with a full kitchen and bathroom, and a studio, also with a full kitchen and bathroom. The property is currently rented as one single-family home and four villas. The property presents opportunities for investment and future development in South East Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Deerfield Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.078377
    Latitude
    26.31884

    Nearby Similar for Sale

    • $359,000
      835 SF

      Move-in Ready Medical Office Space

      Renovated medical office in East Deerfield with ample parking.
      665 SE 10Th St, Deerfield Beach, FL 33441
      View Details
    • $529,999
      1,332 SF

      Deerfield Beach Office Space For Sale

      Office space in Deerfield Beach with flexible layout.
      1239 E Newport Center Dr, Deerfield Beach, FL 33442
      View Details
    • $99,990

      Profitable Restaurant Near Beach

      Turnkey restaurant near the beach with strong local following.
      1965 NE 2Nd St, Deerfield Beach, FL 33441
      View Details
    • New
      $1,500,000
      3,154 SF

      Deerfield Beach Four-Family Apartments

      Newly built four-family apartments offering luxurious living near Deerfield Beach.
      1361 SE 4Th St, Deerfield Beach, FL 33441
      View Details
    • $479,000
      900 SF

      Oceanfront Residence with Breathtaking Views

      Spacious oceanfront residence with renovated amenities and private beach access.
      500 SE 21St Ave, Deerfield Beach, FL 33441
      View Details
    • $2,299,000
      2,549 SF

      Deerfield Beach Resort Fourplex

      Established short-term rental property two blocks from the beach.
      1944 NE 5Th St, Deerfield Beach, FL 33441
      View Details
    • $150,000
      3.35 Acres

      Operating Pawn Shop For Sale

      Fully operational pawn shop with inventory and licenses included for sale.
      4581 N Dixie Hwy, Deerfield Beach, FL 33064
      View Details
    • $925,000
      2,764 SF

      Deerfield Beach Duplex with Quadplex Plans

      Duplex near the ocean with plans for quadplex conversion.
      1421 SE 4Th St, Deerfield Beach, FL 33441
      View Details
    • $115,000
      700 SF

      Renovated Condo with Water View

      Updated condo with water view, close to amenities and beach.
      2057 Cambridge C, Deerfield Beach, FL 33442
      View Details
    • $275,000

      Operating Pawn Shop For Sale

      Fully operational pawn shop with inventory and licenses included.
      4581 N Dixie Hwy, Deerfield Beach, FL 33064
      View Details
    • Contact for pricing

      Professional Office Suite For Sale

      600 SF office suite in well-maintained building.
      805 E Hillsboro Blvd, Deerfield Beach, FL 33441
      View Details
    • $495,000
      Pending

      Free Standing Building Half Ownership

      Unique multi-use building with frontage to Powerline Rd.
      324 S Powerline Rd, Deerfield Beach, FL 33442
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fourplex near the beach, operating as a short-term rental.
    Where is this quadplex located?
    The property is located at 1944 NE 5Th St Deerfield Beach, FL.
    What is the asking price?
    The asking price for this property is $2,299,000.
    What are key features of this property?
    This property features: - Prime location, just two blocks from the beach in Southeast Florida.; - Established, cash-producing short-term rental property with existing bookings.; - Fourplex structure rents as a single-family home and four villas.
    (954) 450-2000
    Request Owner's contact information
    1944 NE 5Th St Deerfield Beach, FL 33441
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1944 NE 5Th St
    Deerfield Beach, FL 33441
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1944 NE 5Th St Deerfield Beach, FL 33441
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mariela Lechin
    Real Estate License ID: 3037329
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!