Two-Story Quadplex with 2BR
For Sale
$2,190,000
1001 SE 3rd Street, Deerfield Beach, FL 33441
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 Market113
Property Features for 1001 SE 3rd Street
General Information
Standard status
Active
Size
4,653 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$21,090
Building Details
Building Size
4,653 SF
Year Built
1973
Stories
2
Listing Agency:
Regency Realty Services
Listed By:
Matan Morag PA · License #3124553
(561) 706-0095
Source:
Pamandtoni
Added: Jun 29
Changed: Oct 4
Last Checked: Oct 16 at 2:38PM
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 Realty Services
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,565
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,551,300
$1.6M
Cap Rate 7%
$1,108,071
$1.1M
Cap Rate 9%
$861,833
$861.8K
Market Conditions
NOI Build-Up for 4,653 SF
Gross rent
$117.3K $25.20/SF
− Vacancy
−$6.4K −$1.39/SF
EGI
$110.8K $23.81/SF
− OpEx
−$33.2K −$7.14/SF
NOI
$77.6K $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%
$1,551,300
Cap Rate 7%
$1,108,071
Cap Rate 9%
$861,833
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 authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,034
Businesses Nearby
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Business Placement
Demographics for 33441, FL
29,311
Population
15,225
Households
1.9
Avg Household Size
43
Median Age
28%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,106
Density / Sq Mi
$57,257
Median Household Income
$35,163
Median Earnings
$1,544
Median Rent
$381,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 Street 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
