For Sale
$925,000
1421 SE 4th Street, Deerfield Beach, FL 33441
Conversion plans outline a potential four-unit configuration for the existing residential property.
Property Size2,764 SF
Price / SF$334.66
Days on Market122
Property Features for 1421 SE 4th Street
General Information
Standard status
Active
Size
2,764 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$16,505
Building Details
Building Size
2,764 SF
Year Built
1964
Listing Agency:
Local Real Estate Co
Listed By:
Stephen A Mossini · License #3249161
(561) 789-6391
Source:
Dietzelber
Added: Jul 2
Changed: Oct 27
Last Checked: Oct 27 at 4:14AM
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 Local Real Estate Co
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Investment Insights
Based on property information with market context.
Built in 1964, this Deerfield Beach duplex has plans for conversion to a four-unit property. The site is at 1421 SE 4th Street, within reach of area beaches, dining, and shopping.
Key Highlights
- Plans provide for conversion from a duplex to a four‑unit property
- Built in 1964
- Located at 1421 SE 4th Street in Deerfield Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,075
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,500
$921.5K
Cap Rate 7%
$658,214
$658.2K
Cap Rate 9%
$511,944
$511.9K
Market Conditions
NOI Build-Up for 2,764 SF
Gross rent
$69.7K $25.20/SF
− Vacancy
−$3.8K −$1.39/SF
EGI
$65.8K $23.81/SF
− OpEx
−$19.7K −$7.14/SF
NOI
$46.1K $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%
$921,500
Cap Rate 7%
$658,214
Cap Rate 9%
$511,944
Alternative Uses
Best Use
Multifamily LT 5
$658.2K
$575.9K – $767.9K
NOI $46,075 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$607.3K
$531.4K – $708.5K
NOI $42,508 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,161 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,034
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Conversion plans outline a potential four-unit configuration for the existing residential property.
Where is this duplex located?
The property is located at 1421 SE 4th Street Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Plans provide for conversion from a duplex to a four‑unit property; Built in 1964; Located at 1421 SE 4th Street in Deerfield Beach
