Updated Quadplex with Impact
For Sale
$850,000
166 SW 3rd St A-d, Deerfield Beach, FL 33441
The property includes separate electric and water metering, refreshed interiors, and updated kitchens and bathrooms.
Property Size2,432 SF
Days on Market58
Property Features for 166 SW 3rd St A-d
General Information
Standard status
Active
Size
2,432 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$8,212
Building Details
Building Size
2,432 SF
Year Built
1960
Stories
1
Units
4
Listing Agency:
LoKation Real Estate
Listed By:
Jino Kuriakose · License #3285990
(954) 937-5651
Source:
Elliman
Added: Jul 9
Changed: Aug 30
Last Checked: Aug 31 at 5:29PM
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 Real Estate
Investment Insights
Based on property information with market context.
This quadplex, built in 1960, offers four individually metered units with impact windows and a 2017 roof. Units B and D have refreshed interiors with new kitchens, bathrooms, ceiling fans, and recessed lighting. Unit B also includes a brand-new 2-ton central AC system.
Units A and C are occupied by long-term tenants under month-to-month arrangements. Units B and D have been updated for leasing. The property is located in Deerfield Beach, Florida, at 166 SW 3rd St, and walkability and bikeability scores are 81 and 58, respectively. A lockbox supports property access for showings.
Units A and C are occupied by long-term tenants under month-to-month arrangements. Units B and D have been updated for leasing. The property is located in Deerfield Beach, Florida, at 166 SW 3rd St, and walkability and bikeability scores are 81 and 58, respectively. A lockbox supports property access for showings.
Key Highlights
- Four‑unit quadplex with 4 electric and 4 water meters
- Impact windows throughout the property
- 2017 roof
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
4.77%
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 4.77%
Second Best
Apartment 5plus
$534.3K
$467.5K – $623.4K
NOI $37,403 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,370 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - The property includes separate electric and water metering, refreshed interiors, and updated kitchens and bathrooms.
Where is this quadplex located?
The property is located at 166 SW 3rd St A-d Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four‑unit quadplex with 4 electric and 4 water meters; Impact windows throughout the property; 2017 roof
