Duplex Condos With Community
For Sale
$350,000
Pending
4263 NW 115th Avenue, Coral Springs, FL 33065
MULTI_FAMILY - Coral Springs, FL
Property Size1,670 SF
Days on Market47
Property Features for 4263 NW 115th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-15
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 1
Pets allowed
Yes, Breed Restrictions
Pool private
1
Subdivision
CORAL VILLAGE CONDO
Elementary school
Coral Springs
Middle school
Coral Springs
High school
Coral Glades
Standard status
Pending
APN
484117af0490
Size
1,670 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CORAL VILLAGE CONDO UNIT 4263 BLDG 5 PER CDO CIN# 104203350
Tax Annual Amount
6916
HOA Fee
$882 Monthly
Legal Description
CORAL VILLAGE CONDO UNIT 4263 BLDG 5 PER CDO CIN# 104203350
Utilities
Utilities
Cable Available
Sewer type
Private Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit washer/dryer
community pool
Building Details
Year built
1988
Floors in Building
2
Number of units
2
Flooring type
Tile
Building materials
Concrete
Roof type
Tile
Listing Agency:
Fidelity Real Estate Group LLC
(954) 345-9144
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Added: Jul 14
Changed: Aug 19
Last Checked: Aug 29 at 8:06AM
MLS# B26053068
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.
Duplex-style condominiums at 4263 NW 115th Avenue, Coral Springs, FL 33065, built in 1988. The property consists of two units in the same building, with tile flooring throughout and central heating and central air conditioning. Each unit includes an updated kitchen with stainless steel appliances, an eat-in kitchen, and a full-size washer and dryer.
Zoned RM-15, the community offers a private pool for residents. Water is public, and sewer is private sewer. Additional utilities include cable available. Construction materials include concrete, and the roof is tile.
The layout provides two-bedroom, two-bath accommodations in each unit, supporting a straightforward owner-occupant or tenant-in-place setup. The community maintenance fee is described as covering water, trash, insurance, exterior maintenance, and access to the community pool.
Zoned RM-15, the community offers a private pool for residents. Water is public, and sewer is private sewer. Additional utilities include cable available. Construction materials include concrete, and the roof is tile.
The layout provides two-bedroom, two-bath accommodations in each unit, supporting a straightforward owner-occupant or tenant-in-place setup. The community maintenance fee is described as covering water, trash, insurance, exterior maintenance, and access to the community pool.
Key Highlights
- Two‑unit duplex‑style condominiums in one building
- Zoned RM‑15
- Each unit has an updated kitchen with stainless steel appliances plus eat‑in kitchen
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
$28,872
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
8.25%
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%
$577,440
$577.4K
Cap Rate 7%
$412,457
$412.5K
Cap Rate 9%
$320,800
$320.8K
Market Conditions
NOI Build-Up for 1,670 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
$43.1K $25.80/SF
− Vacancy
−$1.8K −$1.10/SF
EGI
$41.2K $24.70/SF
− OpEx
−$12.4K −$7.41/SF
NOI
$28.9K $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%
$577,440
Cap Rate 7%
$412,457
Cap Rate 9%
$320,800
Alternative Uses
Best Use
Multifamily LT 5
$412.5K
$360.9K – $481.2K
NOI $28,872 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$380.4K
$332.9K – $443.9K
NOI $26,631 @ 7.0% cap · market cap 7.61%
Theoretical Best
Specialty Retail
$2.85M
$2.49M – $3.32M
NOI $199,348 @ 7.0% cap · market cap 56.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex-style condominiums in RM-15 zoning with updated interiors, in-unit laundry, and access to a community pool.
Where is this duplex located?
The property is located at 4263 NW 115th Avenue Coral Springs, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex‑style condominiums in one building; Zoned RM‑15; Each unit has an updated kitchen with stainless steel appliances plus eat‑in kitchen
