Remodeled Four-Unit
New
For Sale
$1,299,999
Pending
1141 GOLDENROD Road, Wellington, FL 33414
All four three-bedroom residences are leased, and each has assigned parking.
Property Size4,664 SF
Days on Market6
Property Features for 1141 GOLDENROD Road
General Information
Standard status
Pending
Size
4,664 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 3 x 3BR/1.5BA
Multifamily Units
4
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$17,895
Building Details
Building Size
4,664 SF
Year Built
1985
Year Renovated
2021
Listing Agency:
CENTURY 21 Tenace Realty
Listed By:
Marco Rangel · License #3278282
(561) 891-6503
Source:
Meyerlucas
Added: Oct 8
Changed: Oct 12
Last Checked: Oct 13 at 1:57AM
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 CENTURY 21 Tenace Realty
Investment Insights
Based on property information with market context.
This four-residence property has three bedrooms in each unit. One residence includes two full bathrooms; the other three each have one full bathroom and one half bath. The interiors were remodeled in 2021, and the roof was replaced that year. HVAC improvements include newer systems in multiple units. The building dates to 1985 and is zoned WELL_PUD (city).
All four residences are currently leased. Each has two assigned parking spaces. The property is located at 1141 Goldenrod Road in Wellington, Florida.
All four residences are currently leased. Each has two assigned parking spaces. The property is located at 1141 Goldenrod Road in Wellington, Florida.
Key Highlights
- Four three‑bedroom residences; all are currently leased
- Interiors remodeled in 2021
- Roof replaced in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,748
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,554,960
$1.6M
Cap Rate 7%
$1,110,686
$1.1M
Cap Rate 9%
$863,867
$863.9K
Market Conditions
NOI Build-Up for 4,664 SF
Gross rent
$117.5K $25.20/SF
− Vacancy
−$6.5K −$1.39/SF
EGI
$111.1K $23.81/SF
− OpEx
−$33.3K −$7.14/SF
NOI
$77.7K $16.67/SF
Area
Palm Beach 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%
$1,554,960
Cap Rate 7%
$1,110,686
Cap Rate 9%
$863,867
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$971.9K – $1.30M
NOI $77,748 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$1.02M
$896.6K – $1.20M
NOI $71,729 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$3.28M
$2.87M – $3.83M
NOI $229,925 @ 7.0% cap · market cap 17.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
705
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - All four three-bedroom residences are leased, and each has assigned parking.
Where is this quadplex located?
The property is located at 1141 GOLDENROD Road Wellington, FL.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: Four three‑bedroom residences; all are currently leased; Interiors remodeled in 2021; Roof replaced in 2021
