Quadplex with Impact
For Sale
Under Contract
$2,050,000
1031 Goldenrod Road, Wellington, FL 33414
TOWNHOME - Wellington, FL
Property Size6,332 SF
Lot Size0.36 Acres
Price / SF$323.75
Days on Market55
Property Features for 1031 Goldenrod Road
General Information
Property type
Residential
Property subtype
Quadruplex
Zoning
WELL_PUD (city)
Bedrooms
16
Full bathrooms
8
Half bathrooms
4
Rooms
Bedroom 15, Bedroom 14, Bedroom 7, Bedroom 9, Bedroom 2, Bathroom 6, Bedroom 12, Bedroom 3, Bathroom 12, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 9, Bedroom 8, Bathroom 10, Bathroom 7, Bathroom 8, Bathroom 11, Bathroom 5, Bathroom 3, Bedroom 13, Bathroom 1, Bedroom 10, Bedroom 11, Bathroom 4, Bedroom 16, Bathroom 2
Window features
Blinds
Patio and Porch features
Patio
Subdivision
SUGAR POND MANOR OF WELLINGTON
Lot features
Corner Lot, Room for Pool, Sidewalks
View
Water
Elementary school
Wellington
Middle school
Wellington Landings
High school
Wellington
Directions
From Greenview Shores, turn east onto Goldenrod Road.
Standard status
Active Under Contract
APN
73414404010500160
Size
6,332 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUGAR POND MANOR OF WELLINGTONLT 16 BLK 50
Tax Annual Amount
20732
Legal Description
SUGAR POND MANOR OF WELLINGTONLT 16 BLK 50
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Exhaust Fan (Cooling), Ceiling Fan(s), Central Air
Water source
Public
Water front
1
Building Details
Year built
1989
Floors in Building
2
Number of units
4
Flooring type
Tile, Vinyl, Tile - Ceramic
Building materials
CBS, Concrete, Stucco
Roof type
Shingle
Listing Agency:
Regency Realty Services
(561) 394-4600
Listed By:
Mohammad Shafiee · License #3159682
(561) 452-5757
Added: Jun 12
Changed: Aug 5
Last Checked: Aug 5 at 6:06PM
MLS# B26040214
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 fully renovated quadplex features townhome-style layouts across four units, each with four bedrooms and two and a half baths. Built in 1989, the property is on a 0.36-acre lot and totals 6,332 square feet. Construction materials include CBS, concrete, and stucco, with a shingle roof, tile and vinyl flooring, and a patio.
Renovations include impact windows plus multiple major capital updates such as HVAC systems and water heaters, along with updated kitchens and cabinetry, flooring, bathrooms, and interior finishes throughout. The majority of renovation work was completed between 2024 and 2026.
The property is located in a WELL_PUD (city) zoning district and is served by electricity, public water, and public sewer.
Renovations include impact windows plus multiple major capital updates such as HVAC systems and water heaters, along with updated kitchens and cabinetry, flooring, bathrooms, and interior finishes throughout. The majority of renovation work was completed between 2024 and 2026.
The property is located in a WELL_PUD (city) zoning district and is served by electricity, public water, and public sewer.
Key Highlights
- Fully renovated fourplex with major capital improvements, with most work completed between 2024 and 2026
- Each of the four units has 4 bedrooms and 2 1/2 baths
- Impact windows plus updated HVAC systems and water heaters
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 | $159.6k | $25.20 |
| − Vacancy | −$8.8k | −$1.39 |
| EGI | $150.8k | $23.81 |
| − OpEx | −$45.2k | −$7.14 |
| NOI | $105.6k | $16.67 |
6,332 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,553 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$1.39M
$1.22M – $1.62M
NOI $97,382 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$4.46M
$3.90M – $5.20M
NOI $312,154 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Explore this area
Business Placement
Demographics for 33414, FL
59,802
Population
23,111
Households
2.6
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
28.3 sq mi
ZIP Area
2,113
Density / Sq Mi
$105,953
Median Household Income
$52,892
Median Earnings
$2,326
Median Rent
$533,800
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 - Fully renovated four-unit quadplex with impact windows, central electric HVAC, and public utilities in Wellington.
Where is this quadplex located?
The property is located at 1031 Goldenrod Road Wellington, FL.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Fully renovated fourplex with major capital improvements, with most work completed between 2024 and 2026; Each of the four units has 4 bedrooms and 2 1/2 baths; Impact windows plus updated HVAC systems and water heaters
