Fully Occupied
For Sale
$1,599,900
4103 Riverside Dr, Coral Springs, FL 33065
Residential Income, Coral Springs, FL
Property Size3,632 SF
Price / SF$440.50
Days on Market192
Property Features for 4103 Riverside Dr
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
RM-20
Bedrooms
9
Full bathrooms
6
Rooms
Bedroom 9, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 5, Bedroom 8, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 7, Bathroom 6, Bathroom 3, Bedroom 2, Bedroom 4
Parking
10
Subdivision
CORAL SPRINGS SUB NO 1
Lot features
1/4 to 1/2 Acre Lot
Standard status
Active
APN
484114011430
Size
3,632 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CORAL SPRINGS SUB NO 1 59-30 B LOT 19 BLK G
Tax Annual Amount
20184
Legal Description
CORAL SPRINGS SUB NO 1 59-30 B LOT 19 BLK G
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
professionally landscaped
accordion shutters
Building Details
Year built
1973
Floors in Building
2
Flooring type
Laminate, Tile
Building materials
Block
Roof type
Tile
Architectural style
Other
Listing Agency:
Canvas Real Estate
(954) 332-7121
Listed By:
Jean Aurelien · License #3586159
(239) 384-1067
Added: Mar 25
Changed: Sep 24
Last Checked: Oct 2 at 2:06AM
MLS# A11988265
Copyright © 2026 Miami REALTORS®. 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 3,632-square-foot fourplex contains four residential units and is fully occupied. The 1973 block-built property has updated interiors, tile and laminate flooring, wood kitchen cabinetry, newer appliances, and central air-conditioning systems. Tile roofing, central heating, and accordion shutters are also part of the existing improvements.
The property is located at 4103 Riverside Dr in Coral Springs, Florida, within Broward County. Recent exterior painting and professional landscaping contribute to the property's maintained presentation, while public sewer service supports the existing residential configuration.
The property is located at 4103 Riverside Dr in Coral Springs, Florida, within Broward County. Recent exterior painting and professional landscaping contribute to the property's maintained presentation, while public sewer service supports the existing residential configuration.
Key Highlights
- Four‑unit multifamily property at 4103 Riverside Dr, Coral Springs, FL 33065
- 3,632 square feet with full occupancy
- 1973 block construction with tile roof
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
$62,793
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
3.92%
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%
$1,255,860
$1.3M
Cap Rate 7%
$897,043
$897.0K
Cap Rate 9%
$697,700
$697.7K
Market Conditions
NOI Build-Up for 3,632 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
$93.7K $25.80/SF
− Vacancy
−$4.0K −$1.10/SF
EGI
$89.7K $24.70/SF
− OpEx
−$26.9K −$7.41/SF
NOI
$62.8K $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%
$1,255,860
Cap Rate 7%
$897,043
Cap Rate 9%
$697,700
Alternative Uses
Best Use
Multifamily LT 5
$897.0K
$784.9K – $1.05M
NOI $62,793 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$827.4K
$724.0K – $965.3K
NOI $57,918 @ 7.0% cap · market cap 3.62%
Theoretical Best
Specialty Retail
$6.19M
$5.42M – $7.23M
NOI $433,553 @ 7.0% cap · market cap 27.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,174
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property with updated interiors, central air, tile roofing, and public sewer service.
Where is this quadplex located?
The property is located at 4103 Riverside Dr Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Four‑unit multifamily property at 4103 Riverside Dr, Coral Springs, FL 33065; 3,632 square feet with full occupancy; 1973 block construction with tile roof
