Tenant-Occupied Duplex With Two
For Sale
Contact for pricing
Pending
1211 SW 11th Avenue # 2 #1-2, Deerfield Beach, FL 33441
Well-maintained duplex with two tenant-occupied units on month-to-month terms and a roof about a year old.
Property Size2,261 SF
Days on Market62
Property Features for 1211 SW 11th Avenue # 2 #1-2
General Information
Standard status
Pending
Size
2,261 SF
Property subtype
Multifamily
Zoning
RM-10
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1974
Units
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty Boca Raton
(954) 383-4473
Listed By:
Michael Kazdin · License #559875
Source:
Crexi
Added: Jun 16
Changed: Aug 8
Last Checked: Jul 24 at 2:18PM
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 Keller Williams Realty Boca Raton
Investment Insights
Based on property information with market context.
This well-maintained duplex contains two separate residential units, offering distinct layouts for tenants or an owner-occupant setup. One unit is a 3-bedroom, 2-bath configuration, and the second unit is a 2-bedroom, 1-bath configuration. Both units are currently tenant-occupied on a month-to-month basis, providing flexibility for future occupancy decisions. The property includes a roof approximately one year old.
Located in East Deerfield Beach, the duplex is positioned just minutes from the beach and also close to downtown Deerfield Beach, shopping, dining, and parks. The area context supports a mix of everyday convenience and lifestyle appeal for residents.
For buyers seeking a residential income property, the month-to-month tenancy structure may align with investors looking for immediate occupancy while retaining optionality. It can also be a practical fit for an owner-occupant who wants the ability to live in one unit while receiving rental income from the other. With a newer roof and two well-proportioned unit sizes already in place, the property presents a straightforward opportunity to manage a duplex with clear unit separation.
Located in East Deerfield Beach, the duplex is positioned just minutes from the beach and also close to downtown Deerfield Beach, shopping, dining, and parks. The area context supports a mix of everyday convenience and lifestyle appeal for residents.
For buyers seeking a residential income property, the month-to-month tenancy structure may align with investors looking for immediate occupancy while retaining optionality. It can also be a practical fit for an owner-occupant who wants the ability to live in one unit while receiving rental income from the other. With a newer roof and two well-proportioned unit sizes already in place, the property presents a straightforward opportunity to manage a duplex with clear unit separation.
Key Highlights
- Duplex built in 1974 with 2 units: 3BR/2BA and 2BR/1BA
- Both units are tenant‑occupied on month‑to‑month terms
- Roof is approximately 1 year old
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
$37,690
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
7.18%
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%
$753,800
$753.8K
Cap Rate 7%
$538,429
$538.4K
Cap Rate 9%
$418,778
$418.8K
Market Conditions
NOI Build-Up for 2,261 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
$57.0K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$53.8K $23.81/SF
− OpEx
−$16.2K −$7.14/SF
NOI
$37.7K $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%
$753,800
Cap Rate 7%
$538,429
Cap Rate 9%
$418,778
Alternative Uses
Best Use
Multifamily LT 5
$538.4K
$471.1K – $628.2K
NOI $37,690 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$496.8K
$434.7K – $579.6K
NOI $34,773 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,297 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,000
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?
Duplex - Well-maintained duplex with two tenant-occupied units on month-to-month terms and a roof about a year old.
Where is this duplex located?
The property is located at 1211 SW 11th Avenue # 2 #1-2 Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Duplex built in 1974 with 2 units: 3BR/2BA and 2BR/1BA; Both units are tenant‑occupied on month‑to‑month terms; Roof is approximately 1 year old
