Income-Driven Fourplex
220 SE 12th Ave Deerfield Beach, FL 33441
New
For Sale
$1,597,321
Income-producing fourplex with 5 bedrooms and 5 bathrooms, offering 8 parking spaces on a large corner lot.
Property Size2,938 SF
Price / SF$543.68
Days on Market3
Property Features for 220 SE 12th Ave
General Information
Standard status
Active
Size
2,938 SF
Property subtype
Investment
Building Details
Year Built
1958
Listing Agency:
(305) 444-2304
Listed By:
Dimitri Kiosseff · License #0579375
(305) 444-2304
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 9:26AM
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 Dimitri Kiosseff
Investment Insights
Based on property information with market context.
This income-producing fourplex is configured as a 5-bedroom, 5-bath property in approximately 2,938 square feet and is presented as turn-key for vacation rental use. The home features an established vacation rental income stream supported by multi-platform online presence, with active bookings noted as conveying with the sale. The property also offers 8 parking spaces, and the listing states there is no HOA and no restrictions.
Located in Deerfield Beach’s intracoastal neighborhood, “The Cove,” the property is described as minutes to the ocean and a short walk to the beach. WalkScore is reported at 81 (very walkable), with shopping and dining options in the area, along with waterfront dining at “The Cove Waterfront & Tiki Bar.” The listing also reports a bikeScore of 58 and a transitScore of 34.
Located in Deerfield Beach’s intracoastal neighborhood, “The Cove,” the property is described as minutes to the ocean and a short walk to the beach. WalkScore is reported at 81 (very walkable), with shopping and dining options in the area, along with waterfront dining at “The Cove Waterfront & Tiki Bar.” The listing also reports a bikeScore of 58 and a transitScore of 34.
Key Highlights
- 1958‑built income‑producing fourplex with 5 bedrooms and 5 bathrooms.
- 2,938 SF fourplex on a large corner lot.
- 8 parking spaces available.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.0k | $25.20 |
| − Vacancy | −$4.1k | −$1.39 |
| EGI | $70.0k | $23.81 |
| − OpEx | −$21.0k | −$7.14 |
| NOI | $49.0k | $16.67 |
2,938 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$699.7K
$612.2K – $816.3K
NOI $48,976 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$645.5K
$564.8K – $753.1K
NOI $45,184 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,340 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing fourplex with 5 bedrooms and 5 bathrooms, offering 8 parking spaces on a large corner lot.
Where is this quadplex located?
The property is located at 220 SE 12th Ave Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $1,597,321.
What are key features of this property?
This property features: 1958‑built income‑producing fourplex with 5 bedrooms and 5 bathrooms.; 2,938 SF fourplex on a large corner lot.; 8 parking spaces available.
