Quadplex with Private Fenced
For Sale
Under Contract
$1,039,000
262 SE 9th Avenue, Deerfield Beach, FL 33441
MULTI_FAMILY - Deerfield Beach, FL
Property Size2,515 SF
Lot Size0.18 Acres
Price / SF$413.12
Days on Market98
Property Features for 262 SE 9th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM-10
Bedrooms
5
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 2
Pets allowed
Call, Yes
Exterior features
Lighting, Storage
Fencing
Privacy, Fenced
Subdivision
TOWN ACRES
Lot features
Corner Lot
Elementary school
Deerfield Beach
Middle school
Deerfield Beach
High school
Deerfield Beach
Standard status
Active Under Contract
APN
484306160340
Size
2,515 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
TOWN ACRES 37-25 B LOT 34
Tax Annual Amount
13910
Legal Description
TOWN ACRES 37-25 B LOT 34
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
fenced and landscaped yards
fully furnished
new kitchen appliances
on-site coin-operated laundry room
Building Details
Year built
1963
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
CBS
Roof type
Concrete
Additional Structures
Storage
Listing Agency:
Serhant
(561) 203-2762
Listed By:
John Roddy · License #3585430
(612) 227-9063
Added: May 11
Changed: Aug 4
Last Checked: Aug 16 at 7:06AM
MLS# B26027127
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 fully occupied quadplex on an oversized corner lot includes four residential units with a unit mix of one 2-bedroom/1-bath, two 1-bedroom/1-bath units, and one 1-bedroom efficiency. Two units feature private, newly fenced and professionally landscaped yards, supporting outdoor space for residents. Three units are furnished and described as turnkey ready.
Each unit is equipped with brand new kitchen appliances. The property also features separate electric meters and updated electric panels. Laundry is available on site via a coin-operated laundry room. The building is constructed with CBS and has a concrete roof. Interiors include tile flooring, and the home is served by central electric heating with central air cooling.
The property sits on a 0.18-acre lot and is zoned RM-10. Utilities include public water and public sewer service, with water available on site.
Each unit is equipped with brand new kitchen appliances. The property also features separate electric meters and updated electric panels. Laundry is available on site via a coin-operated laundry room. The building is constructed with CBS and has a concrete roof. Interiors include tile flooring, and the home is served by central electric heating with central air cooling.
The property sits on a 0.18-acre lot and is zoned RM-10. Utilities include public water and public sewer service, with water available on site.
Key Highlights
- Over‑sized corner lot quadplex
- Unit mix: one 2‑bedroom/1‑bath, two 1‑bedroom/1‑bath, one 1‑bedroom efficiency
- Fully occupied; three units furnished and turnkey ready
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
$41,925
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
4.04%
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%
$838,500
$838.5K
Cap Rate 7%
$598,929
$598.9K
Cap Rate 9%
$465,833
$465.8K
Market Conditions
NOI Build-Up for 2,515 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
$63.4K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$59.9K $23.81/SF
− OpEx
−$18.0K −$7.14/SF
NOI
$41.9K $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%
$838,500
Cap Rate 7%
$598,929
Cap Rate 9%
$465,833
Alternative Uses
Best Use
Multifamily LT 5
$598.9K
$524.1K – $698.8K
NOI $41,925 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$552.6K
$483.5K – $644.7K
NOI $38,679 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,318 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,241
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
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 - Fully occupied quadplex on a corner lot with private fenced yard areas, separate electric meters, and coin-operated laundry.
Where is this quadplex located?
The property is located at 262 SE 9th Avenue Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $1,039,000.
What are key features of this property?
This property features: Over‑sized corner lot quadplex; Unit mix: one 2‑bedroom/1‑bath, two 1‑bedroom/1‑bath, one 1‑bedroom efficiency; Fully occupied; three units furnished and turnkey ready
