Four-Unit Quadplex Near
For Sale
$1,250,000
1241 SE 3RD Street 1-4, Deerfield Beach, FL 33441
New roofing and impact windows enhance this two-story multifamily property near shopping, restaurants, and the beach.
Property Size2,379 SF
Price / SF$525.43
Days on Market58
Property Features for 1241 SE 3RD Street 1-4
General Information
Standard status
Active
Size
2,379 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$20,744
Building Details
Building Size
2,379 SF
Year Built
1965
Listing Agency:
Savvy Avenue, LLC
Listed By:
Moe Mossa · License #3432985
(888) 490-1268
Source:
Pamandtoni
Added: Aug 18
Changed: Oct 4
Last Checked: Oct 13 at 1:23AM
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
Investment Insights
Based on property information with market context.
This four-unit multifamily property is located at 1241 SE 3RD St in Deerfield Beach. Built in 1965, the asset includes a new roof and impact windows. The address identifies units 1-4 within the quadplex configuration.
The property is within walking distance of the beach and a large shopping center featuring Publix and restaurants. An adjacent six-unit property is also available, providing an additional multifamily acquisition option. Transportation characteristics include a Walk Score of 15, a Bike Score of 35, and a Transit Score of 31.
The property is within walking distance of the beach and a large shopping center featuring Publix and restaurants. An adjacent six-unit property is also available, providing an additional multifamily acquisition option. Transportation characteristics include a Walk Score of 15, a Bike Score of 35, and a Transit Score of 31.
Key Highlights
- Four‑unit quadplex at 1241 SE 3RD St 1‑4
- New roof and impact windows
- Within walking distance to the beach
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
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,034
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?
Quadplex - New roofing and impact windows enhance this two-story multifamily property near shopping, restaurants, and the beach.
Where is this quadplex located?
The property is located at 1241 SE 3RD Street 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 at 1241 SE 3RD St 1‑4; New roof and impact windows; Within walking distance to the beach
