Deerfield Beach Quadplex Investment
For Sale
$1,039,000
Pending
262 SE 9th Ave 1-4, Deerfield Beach, FL 33441
Fully occupied quadplex near beaches, shopping, and dining.
Property Size2,515 SF
Days on Market97
Property Features for 262 SE 9th Ave 1-4
General Information
Standard status
Pending
Size
2,515 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$13,910
Building Details
Building Size
2,515 SF
Year Built
1963
Stories
1
Units
4
Listing Agency:
(612) 227-9063
Listed By:
John Roddy · License #3424377
(612) 227-9063
Source:
Elliman
Added: May 12
Changed: Aug 7
Last Checked: Jul 24 at 10:21AM
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 John Roddy
Investment Insights
Based on property information with market context.
This quadplex is located on an oversized corner lot in Deerfield Beach, Florida, offering proximity to beaches, shopping, and dining. The property features a unit mix of one 2-bedroom/1-bath unit, two 1-bedroom/1-bath units, and one 1-bedroom efficiency. Two of the units include private, newly fenced and professionally landscaped yards. Three units are fully furnished and turnkey ready. All units are equipped with new kitchen appliances, separate electric meters, and updated electric panels. An on-site coin-operated laundry room provides additional income potential. The property has a bike score of 58, indicating it is bikeable, a walk score of 81, indicating it is very walkable, and a transit score of 34, indicating some transit options are available.
Key Highlights
- Fully occupied quadplex in prime Deerfield Beach location.
- Minutes from beaches, shopping, and dining.
- Versatile unit mix: two 2‑bed/1‑bath, two 1‑bed/1‑bath, and 1‑bed efficiency.
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
$41,925
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
4.04%
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%
$838,500
$838.5K
Cap Rate 7%
$598,929
$598.9K
Cap Rate 9%
$465,833
$465.8K
Market Conditions
NOI Build-Up for 2,515 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
$63.4K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$59.9K $23.81/SF
− OpEx
−$18.0K −$7.14/SF
NOI
$41.9K $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%
$838,500
Cap Rate 7%
$598,929
Cap Rate 9%
$465,833
Alternative Uses
Best Use
Multifamily LT 5
$598.9K
$524.1K – $698.8K
NOI $41,925 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$552.6K
$483.5K – $644.7K
NOI $38,679 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,318 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,073
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 - Fully occupied quadplex near beaches, shopping, and dining.
Where is this quadplex located?
The property is located at 262 SE 9th Ave 1-4 Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $1,039,000.
What are key features of this property?
This property features: Fully occupied quadplex in prime Deerfield Beach location.; Minutes from beaches, shopping, and dining.; Versatile unit mix: two 2‑bed/1‑bath, two 1‑bed/1‑bath, and 1‑bed efficiency.
