Quadplex with New
For Sale
$1,250,000
1-4-1241 Se 3rd St, Deerfield Beach, FL
Four-unit property near the beach, Publix, restaurants, and year-round entertainment at the Cove.
Property Size2,379 SF
Price / SF$525.43
Days on Market63
Property Features for 1-4-1241 Se 3rd St
General Information
Standard status
Active
Size
2,379 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$20,744
Listing Agency:
Savvy Avenue, LLC
Listed By:
Moe Mossa · License #496503916
(888) 490-1268
Source:
Exprealty
Added: Aug 18
Changed: Oct 17
Last Checked: Oct 16 at 10:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Savvy Avenue, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This quadplex contains four residential units and has received two notable upgrades: a new roof and impact windows. The property offers an income-producing multifamily configuration in a coastal setting.
Located at 1-4-1241 SE 3rd St in Deerfield Beach, the property is within walking distance of the beach and a large shopping center featuring Publix and restaurants. Additional dining and entertainment are available throughout the year at the Cove and nearby beach area. An adjacent 6-unit property is also available separately.
Located at 1-4-1241 SE 3rd St in Deerfield Beach, the property is within walking distance of the beach and a large shopping center featuring Publix and restaurants. Additional dining and entertainment are available throughout the year at the Cove and nearby beach area. An adjacent 6-unit property is also available separately.
Key Highlights
- Four‑unit quadplex at 1‑4‑1241 SE 3rd St, Deerfield Beach, FL
- New roof
- Impact windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,657
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,140
$793.1K
Cap Rate 7%
$566,529
$566.5K
Cap Rate 9%
$440,633
$440.6K
Market Conditions
NOI Build-Up for 2,379 SF
Gross rent
$60.0K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$56.7K $23.81/SF
− OpEx
−$17.0K −$7.14/SF
NOI
$39.7K $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 Rate 5%
$793,140
Cap Rate 7%
$566,529
Cap Rate 9%
$440,633
Alternative Uses
Best Use
Multifamily LT 5
$566.5K
$495.7K – $661.0K
NOI $39,657 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$522.7K
$457.3K – $609.8K
NOI $36,587 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,488 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,660
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property near the beach, Publix, restaurants, and year-round entertainment at the Cove.
Where is this quadplex located?
The property is located at 1-4-1241 Se 3rd St Deerfield Beach, 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‑unit quadplex at 1‑4‑1241 SE 3rd St, Deerfield Beach, FL; New roof; Impact windows
