Two-Story Quadplex with 2BR
1001 SE 3rd St Deerfield Beach, FL 33441
1001 SE 3rd St, Deerfield Beach, FL, 33441
$2,190,000
For Sale
$2,190,000
Substantial two-story quadplex featuring four large 2-bedroom, 2-bath units and a common laundry room.
Property Size4,653 SF
Price / SF$470.66
Days on Market18
Property Features for 1001 SE 3rd St
General Information
- Standard status
- Active
- Size
- 4,653 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1973
Listing agency
Regency Two Realty Services DBA Regency Realty Services
(561) 706-0095
Listed by
Matan Morag PA · License #3124553
(561) 706-0095
Source
Elliman
Added: Jul 4 Updated: Jul 20 at 7:51PM Checked: Jul 20 at 7:51PM
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 Regency Two Realty Services DBA Regency Realty Services
Investment Insights
Based on property information with market context.
Located at 1001 SE 3rd St in Deerfield Beach, this substantial two-story quadplex offers four separate residential units configured as large 2-bedroom, 2-bath floor plans. Each unit includes modern kitchens and bathrooms, and the property is organized with a thoughtful two-story layout that supports flexible unit configurations. A large common laundry room is provided downstairs for shared tenant use.
The property is situated in The Cove within downtown Deerfield Beach and offers convenient access to local amenities and services. BikeScore is listed at 58 (Bikeable) and walkScore is listed at 81 (Very Walkable), with transitScore at 34 (Some Transit), reflecting an area suited to regular neighborhood access.
As a multi-unit residential income property, this quadplex provides a four-unit setup designed for ongoing occupancy, with each unit sharing the same 2-bedroom/2-bath format and the overall two-story building layout.
The property is situated in The Cove within downtown Deerfield Beach and offers convenient access to local amenities and services. BikeScore is listed at 58 (Bikeable) and walkScore is listed at 81 (Very Walkable), with transitScore at 34 (Some Transit), reflecting an area suited to regular neighborhood access.
As a multi-unit residential income property, this quadplex provides a four-unit setup designed for ongoing occupancy, with each unit sharing the same 2-bedroom/2-bath format and the overall two-story building layout.
Key Highlights
- Substantial two‑story quadruplex built in 1973 with 4,653 SF above grade
- 4 units total, each with a large 2‑bedroom, 2‑bath floor plan
- Modern kitchens and bathrooms in all units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.3k | $25.20 |
| − Vacancy | −$6.4k | −$1.39 |
| EGI | $110.8k | $23.81 |
| − OpEx | −$33.2k | −$7.14 |
| NOI | $77.6k | $16.67 |
4,653 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$969.6K – $1.29M
NOI $77,565 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$1.02M
$894.5K – $1.19M
NOI $71,560 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$2.36M
$2.07M – $2.75M
NOI $165,246 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Substantial two-story quadplex featuring four large 2-bedroom, 2-bath units and a common laundry room.
Where is this quadplex located?
The property is located at 1001 SE 3rd St Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $2,190,000.
What are key features of this property?
This property features: Substantial two‑story quadruplex built in 1973 with 4,653 SF above grade; 4 units total, each with a large 2‑bedroom, 2‑bath floor plan; Modern kitchens and bathrooms in all units
