Two-Story Quadplex with
For Sale
$2,190,000
1001 SE 3rd Street, Deerfield Beach, FL 33441
MULTI_FAMILY - Deerfield Beach, FL
Property Size4,653 SF
Lot Size0.17 Acres
Price / SF$470.66
Days on Market49
Property Features for 1001 SE 3rd Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM-15
Bedrooms
8
Full bathrooms
8
Rooms
Bathroom 6, Bedroom 4, Bathroom 1, Bathroom 8, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 8, Bedroom 6, Bathroom 7, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 5, Bedroom 5, Bedroom 7
Window features
Blinds
Patio and Porch features
Patio
Pets allowed
Yes, No
Exterior features
Balcony
Subdivision
DEERFIELD COLONY COURT / DOWNTOWN DEERFIELD / COVE
Elementary school
Deerfield Beach
Middle school
Deerfield Beach
High school
Deerfield Beach
Standard status
Active
APN
484306270100
Size
4,653 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DEERFIELD COLONY COURT 49-4 B LOT 10
Tax Annual Amount
21091
Legal Description
DEERFIELD COLONY COURT 49-4 B LOT 10
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
common laundry room
Building Details
Year built
1973
Floors in Building
2
Number of units
4
Flooring type
Tile
Building materials
CBS
Roof type
Tile
Listing Agency:
Regency Realty Services
(561) 394-4600
Listed By:
Matan Morag PA · License #3124553
(561) 706-0095
Added: Jun 29
Changed: Aug 1
Last Checked: Aug 16 at 5:06AM
MLS# B26046547
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 substantial two-story quadruplex offers 4,653 square feet above grade and features four large two-bedroom, two-bath floor plans. The units are described with modern kitchens and bathrooms, supported by a thoughtful two-story layout that provides flexibility for multiple use and configuration approaches. A large common laundry room is located downstairs, adding convenience for residents.
The property is built with CBS construction and includes tile flooring throughout. Heating is electric with central heating, and cooling is electric central air. Exterior amenities include a balcony and a patio. The home is served by public water and public sewer, with cable available. The roof is described as tile, and the property was built in 1973.
Zoned RM-15, this quadplex sits on a 0.17-acre lot in Deerfield Beach, Florida, positioned within The Cove and described as downtown and established.
The property is built with CBS construction and includes tile flooring throughout. Heating is electric with central heating, and cooling is electric central air. Exterior amenities include a balcony and a patio. The home is served by public water and public sewer, with cable available. The roof is described as tile, and the property was built in 1973.
Zoned RM-15, this quadplex sits on a 0.17-acre lot in Deerfield Beach, Florida, positioned within The Cove and described as downtown and established.
Key Highlights
- 4,653 square feet above grade two‑story quadruplex
- Four large two‑bedroom, two‑bath units
- Large common laundry room downstairs
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
$77,565
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
3.54%
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%
$1,551,300
$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
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
$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 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%
$1,551,300
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four large two-bedroom, two-bath units in an RM-15 quadruplex with central air, a common laundry room, and a balcony.
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: 4,653 square feet above grade two‑story quadruplex; Four large two‑bedroom, two‑bath units; Large common laundry room downstairs
