Four-Unit Multifamily
For Sale
$1,250,000
4341 RIVERSIDE Drive, Coral Springs, FL 33065
Residential Income, Coral Springs, FL
Property Size3,964 SF
Lot Size0.16 Acres
Price / SF$315.34
Days on Market69
Property Features for 4341 RIVERSIDE Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM-20
Bedrooms
8
Full bathrooms
8
Rooms
Bedroom 6, Bedroom 1, Bathroom 5, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 6, Bathroom 8, Bathroom 3, Bathroom 7, Bathroom 1, Bedroom 7, Bedroom 5, Bedroom 8, Bathroom 4
Pets allowed
Yes, No
Subdivision
CORAL SPRINGS SUB NO 1
Elementary school
James S. Hunt
Middle school
Forest Glen
High school
Coral Springs
Standard status
Active
APN
484114010210
Size
3,964 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CORAL SPRINGS SUB NO 1 59-30 B LOT 5 BLK B
Tax Annual Amount
19784
Legal Description
CORAL SPRINGS SUB NO 1 59-30 B LOT 5 BLK B
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
on-site laundry
covered private patios
Building Details
Year built
1973
Floors in Building
2
Number of units
4
Flooring type
Marble, Tile - Ceramic
Building materials
CBS, Concrete, Concrete Block - With Stucco
Roof type
Tile
Listing Agency:
RPM LUXE REALTY
(561) 929-7317
Listed By:
Rodger P Morelli · License #3059403
(561) 544-3810
Added: Jul 20
Changed: Sep 23
Last Checked: Sep 26 at 11:06AM
MLS# B26054467
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 1973 quadplex contains four 2-bedroom, 2-bath residences with split-bedroom layouts. The 3,964-square-foot property includes central air conditioning, separate electric meters, covered private patios, and eight parking spaces. On-site laundry provides an additional operating feature. Recent property updates include stainless-steel appliances, refreshed kitchen cabinetry, selected air-handler replacements, new closet doors, and 20x20 white porcelain flooring in certain residences.
Located in Coral Springs, the property occupies a 0.16-acre parcel in Broward County and carries RM-20 zoning. Construction is concrete block with stucco, complemented by a tile roof, ceramic and marble flooring, public water, and public sewer. The asset offers an established four-residence configuration with individually metered electricity and a range of maintained interior and building improvements.
Located in Coral Springs, the property occupies a 0.16-acre parcel in Broward County and carries RM-20 zoning. Construction is concrete block with stucco, complemented by a tile roof, ceramic and marble flooring, public water, and public sewer. The asset offers an established four-residence configuration with individually metered electricity and a range of maintained interior and building improvements.
Key Highlights
- Four 2‑bedroom, 2‑bath residences with split‑bedroom layouts
- 3,964 square feet on a 0.16‑acre parcel
- Eight parking spaces plus covered private patios
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
$68,533
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
5.48%
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%
$1,370,660
$1.4M
Cap Rate 7%
$979,043
$979.0K
Cap Rate 9%
$761,478
$761.5K
Market Conditions
NOI Build-Up for 3,964 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
$102.3K $25.80/SF
− Vacancy
−$4.4K −$1.10/SF
EGI
$97.9K $24.70/SF
− OpEx
−$29.4K −$7.41/SF
NOI
$68.5K $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%
$1,370,660
Cap Rate 7%
$979,043
Cap Rate 9%
$761,478
Alternative Uses
Best Use
Multifamily LT 5
$979.0K
$856.7K – $1.14M
NOI $68,533 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$903.0K
$790.2K – $1.05M
NOI $63,212 @ 7.0% cap · market cap 5.06%
Theoretical Best
Specialty Retail
$6.76M
$5.91M – $7.89M
NOI $473,184 @ 7.0% cap · market cap 37.85%
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
Location Intelligence
Trade Area within ½ mile
1,096
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 - RM-20 property with separate electric metering, central air, private patios, and on-site laundry.
Where is this quadplex located?
The property is located at 4341 RIVERSIDE Drive Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bath residences with split‑bedroom layouts; 3,964 square feet on a 0.16‑acre parcel; Eight parking spaces plus covered private patios
