Renovated 4-Unit
For Sale
$1,495,000
11500-11506 NW 43rd Court, Coral Springs, FL 33065
Residential Income, Coral Springs, FL
Property Size3,831 SF
Lot Size0.29 Acres
Price / SF$390.24
Days on Market186
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Property Features for 11500-11506 NW 43rd Court
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM-15
Bedrooms
12
Full bathrooms
8
Rooms
Bathroom 6, Bedroom 3, Bathroom 8, Bathroom 4, Bedroom 12, Bedroom 7, Bathroom 1, Bedroom 1, Bathroom 7, Bathroom 2, Bedroom 11, Bedroom 6, Bedroom 9, Bedroom 10, Bedroom 4, Bedroom 2, Bathroom 3, Bathroom 5, Bedroom 5, Bedroom 8
Pets allowed
No, Yes
Subdivision
GLENWOOD SUBDIVISION
Elementary school
Coral Springs
Middle school
Coral Springs
High school
Coral Glades
Standard status
Active
APN
484117020500
Size
3,831 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GLENWOOD SUBDIVISION 69-33 B LOT 23 BLK B
Tax Annual Amount
23611
Legal Description
GLENWOOD SUBDIVISION 69-33 B LOT 23 BLK B
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1987
Floors in Building
2
Number of units
4
Flooring type
Wood, Tile, Laminate, Tile - Ceramic
Building materials
CBS, Stucco
Roof type
Shingle
Listing Agency:
United Realty Group, Inc
(561) 235-2127
Listed By:
Alexander Paul Karram · License #3285463
(561) 558-7218
Added: Apr 13
Changed: Oct 1
Last Checked: Oct 15 at 3:06PM
MLS# B26016309
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 3,831-square-foot quadplex contains four renovated residential units on a 0.29-acre parcel. Improvements include updated kitchens and bathrooms, new flooring and fixtures, fresh interior paint, and modern finish details. The building was constructed in 1987 with CBS and stucco exterior materials, a shingle roof, central heating, and central air conditioning.
The property is located in Coral Springs, near shopping, dining, parks, and major commuter routes. Public water and public sewer serve the site, while RM-15 zoning is identified for the property. Interior room data includes 12 bedrooms and 8 bathrooms, providing a substantial residential configuration across the four units.
The property is located in Coral Springs, near shopping, dining, parks, and major commuter routes. Public water and public sewer serve the site, while RM-15 zoning is identified for the property. Interior room data includes 12 bedrooms and 8 bathrooms, providing a substantial residential configuration across the four units.
Key Highlights
- Four‑unit quadplex with 3,831 square feet of building area
- 0.29‑acre parcel in Coral Springs
- Renovated kitchens, bathrooms, flooring, fixtures, and interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,234
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,324,680
$1.3M
Cap Rate 7%
$946,200
$946.2K
Cap Rate 9%
$735,933
$735.9K
Market Conditions
NOI Build-Up for 3,831 SF
Gross rent
$98.8K $25.80/SF
− Vacancy
−$4.2K −$1.10/SF
EGI
$94.6K $24.70/SF
− OpEx
−$28.4K −$7.41/SF
NOI
$66.2K $17.29/SF
Area
Coral Springs, FL
Vacancy
4.27%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,324,680
Cap Rate 7%
$946,200
Cap Rate 9%
$735,933
Alternative Uses
Best Use
Multifamily LT 5
$946.2K
$827.9K – $1.10M
NOI $66,234 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$872.7K
$763.6K – $1.02M
NOI $61,091 @ 7.0% cap · market cap 4.09%
Theoretical Best
Specialty Retail
$6.53M
$5.72M – $7.62M
NOI $457,307 @ 7.0% cap · market cap 30.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,065
Businesses Nearby
Explore this area
Business Placement
Demographics for 33065, FL
59,668
Population
21,416
Households
2.8
Avg Household Size
36
Median Age
31%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
6,938
Density / Sq Mi
$70,435
Median Household Income
$36,255
Median Earnings
$1,833
Median Rent
$416,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - RM-15-zoned four-unit property with refreshed interiors, central HVAC, and public water and sewer.
Where is this quadplex located?
The property is located at 11500-11506 NW 43rd Court Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,831 square feet of building area; 0.29‑acre parcel in Coral Springs; Renovated kitchens, bathrooms, flooring, fixtures, and interior paint
