Quadplex with Impact
For Sale
Contact for pricing
1241 SE 3RD Street # 4 #1-4, Deerfield Beach, FL 33441
RM-15-zoned four-unit property with a new roof and impact windows near beachside shopping and dining.
Property Size2,379 SF
Price / SF$525.43
Days on Market77
Property Features for 1241 SE 3RD Street # 4 #1-4
General Information
Standard status
Active
Size
2,379 SF
Property subtype
Multifamily
Zoning
RM-15
Additional Details
Multifamily Units
4
Building Details
Year Built
1965
Buildings
1
Units
2
Listing Agency:
Savvy Avenue LLC
Listed By:
Moe Mossa · License #496503916
(612) 490-1268
Source:
Crexi
Added: Aug 19
Changed: Oct 25
Last Checked: Nov 3 at 3:26AM
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 Savvy Avenue LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1241 SE 3RD Street in Deerfield Beach, this four-unit quadplex contains 2,379 square feet and was built in 1965. The property has a new roof and impact windows, providing clearly documented upgrades to the building envelope. RM-15 zoning is in place.
The property is within walking distance of the beach and a large shopping center featuring Publix and restaurants. Its setting also provides access to the Cove and nearby dining and year-round functions.
The property is within walking distance of the beach and a large shopping center featuring Publix and restaurants. Its setting also provides access to the Cove and nearby dining and year-round functions.
Key Highlights
- Four‑unit quadplex totaling 2,379 square feet
- New roof and impact windows
- RM‑15 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,657
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,140
$793.1K
Cap Rate 7%
$566,529
$566.5K
Cap Rate 9%
$440,633
$440.6K
Market Conditions
NOI Build-Up for 2,379 SF
Gross rent
$60.0K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$56.7K $23.81/SF
− OpEx
−$17.0K −$7.14/SF
NOI
$39.7K $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 Rate 5%
$793,140
Cap Rate 7%
$566,529
Cap Rate 9%
$440,633
Alternative Uses
Best Use
Multifamily LT 5
$566.5K
$495.7K – $661.0K
NOI $39,657 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$522.7K
$457.3K – $609.8K
NOI $36,587 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,488 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,529
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
Frequently Asked Questions
What type of property is this?
Quadplex - RM-15-zoned four-unit property with a new roof and impact windows near beachside shopping and dining.
Where is this quadplex located?
The property is located at 1241 SE 3RD Street # 4 #1-4 Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four‑unit quadplex totaling 2,379 square feet; New roof and impact windows; RM‑15 zoning
