Quadplex with Impact
For Sale
$1,250,000
1241 Southeast 3rd Street Unit 14, Deerfield Beach, FL 33441
Four residential units sit near the beach and a shopping center with Publix and restaurants.
Property Size2,379 SF
Price / SF$525.43
Days on Market154
Property Features for 1241 Southeast 3rd Street Unit 14
General Information
Standard status
Active
Size
2,379 SF
Property subtype
Residential Income / Quadruplex
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$20,744
Amenities
Wall/Window Unit(s)
Electric
1.0
Ceramic Tile
1
2
Block
Metal
Storage, Other
No
Asphalt, Concrete
Building Details
Year Built
1965
Buildings
1
Listing Agency:
SAVVY AVENUE, LLC.
Listed By:
MOE MOSSA · License #3432985
(888) 490-1268
Source:
Compass
Added: Jun 3
Changed: Nov 3
Last Checked: Nov 3 at 2:30PM
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.
This four-unit multifamily property in Deerfield Beach was built in 1965 and encompasses 2,379 square feet. Recent improvements include a new roof and impact windows. Interior features include ceramic tile and wall/window air conditioning; the building is constructed of block.
The property is within walking distance of the beach and a large shopping center that includes Publix and restaurants. A separate six-unit property next door is also available.
The property is within walking distance of the beach and a large shopping center that includes Publix and restaurants. A separate six-unit property next door is also available.
Key Highlights
- Four‑unit multifamily property with 2,379 square feet
- New roof and impact windows
- Built in 1965
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
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units sit near the beach and a shopping center with Publix and restaurants.
Where is this quadplex located?
The property is located at 1241 Southeast 3rd Street Unit 14 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 multifamily property with 2,379 square feet; New roof and impact windows; Built in 1965
