Turnkey Quadplex With Impact
For Sale
Contact for pricing
166 SW 3rd Street # d #A-d, Deerfield Beach, FL 33441
Turnkey quadplex with impact windows, multiple electric and water meters, and a 2017 roof.
Property Size2,432 SF
Price / SF$339.23
Days on Market53
Property Features for 166 SW 3rd Street # d #A-d
General Information
Standard status
Active
Size
2,432 SF
Property subtype
Multifamily
Zoning
RS-7
Occupancy
50%
Additional Details
Business Included
Yes
Multifamily Units
4
Building Details
Year Built
1960
Units
4
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Jino Kuriakose · License #3285990
Source:
Crexi
Added: Jul 8
Changed: Aug 24
Last Checked: Aug 28 at 9:20PM
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 LoKation
Investment Insights
Based on property information with market context.
This turnkey quadplex includes all impact windows, four electric meters, and four water meters, with a roof installed in 2017. Unit B and Unit D have fresh interiors, including new ceiling fans, recessed lighting, and updated kitchens and bathrooms. Unit B also features a brand-new 2-ton central AC. Units A and C are rented to long-term tenants on month-to-month terms.
The property is easy to show and is currently vacant with lockbox access.
With four total units, the configuration is well-suited for income-focused buyers seeking a mix of updated interiors and existing occupancy.
The property is easy to show and is currently vacant with lockbox access.
With four total units, the configuration is well-suited for income-focused buyers seeking a mix of updated interiors and existing occupancy.
Key Highlights
- Quadplex built in 1960 with impact windows throughout
- 2017 roof
- All units have multiple utilities with 4 electric meters and 4 water meters
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
$40,541
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
4.91%
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%
$810,820
$810.8K
Cap Rate 7%
$579,157
$579.2K
Cap Rate 9%
$450,456
$450.5K
Market Conditions
NOI Build-Up for 2,432 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
$61.3K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$57.9K $23.81/SF
− OpEx
−$17.4K −$7.14/SF
NOI
$40.5K $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%
$810,820
Cap Rate 7%
$579,157
Cap Rate 9%
$450,456
Alternative Uses
Best Use
Multifamily LT 5
$579.2K
$506.8K – $675.7K
NOI $40,541 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$534.3K
$467.5K – $623.4K
NOI $37,403 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,370 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
50%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,832
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 - Turnkey quadplex with impact windows, multiple electric and water meters, and a 2017 roof.
Where is this quadplex located?
The property is located at 166 SW 3rd Street # d #A-d Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Quadplex built in 1960 with impact windows throughout; 2017 roof; All units have multiple utilities with 4 electric meters and 4 water meters
