Updated Four-Unit
For Sale
$825,000
166 SW 3rd Street, Deerfield Beach, FL 33441
Residential Income, Deerfield Beach, FL
Property Size2,432 SF
Lot Size0.16 Acres
Price / SF$339.23
Days on Market51
Property Features for 166 SW 3rd Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RS-7
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 3, Bathroom 4, Bedroom 8
Subdivision
CARVER HEIGHTS
Elementary school
Deerfield Park
Middle school
Deerfield Beach
High school
Deerfield Beach
Standard status
Active
APN
484201030790
Size
2,432 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CARVER HEIGHTS 25-41 B LOT 7 BLK 6 AKA:166-A THRU D,SW 3 ST
Tax Annual Amount
8212
Legal Description
CARVER HEIGHTS 25-41 B LOT 7 BLK 6 AKA:166-A THRU D,SW 3 ST
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Attic Fan, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
Block, CBS
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Jino Kuriakose · License #3285990
(954) 937-5651
Added: Jul 8
Changed: Aug 26
Last Checked: Aug 27 at 4:06AM
MLS# B26050140
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit residential income property in Deerfield Beach contains 2,432 square feet on a 0.16-acre parcel. Built in 1960, the block and CBS construction includes tile flooring, central heating, ceiling fans, and an attic fan. All impact windows are in place, with four electric meters and four water meters serving the residences.
The roof was replaced in 2017. Units B and D received interior updates that include kitchens, bathrooms, ceiling fans, and recessed lighting, while Unit B also has a new 2-ton central AC system. Units A and C are occupied by long-term tenants on month-to-month arrangements, and Unit D is leased. The property has public water and public sewer and is zoned RS-7.
The roof was replaced in 2017. Units B and D received interior updates that include kitchens, bathrooms, ceiling fans, and recessed lighting, while Unit B also has a new 2-ton central AC system. Units A and C are occupied by long-term tenants on month-to-month arrangements, and Unit D is leased. The property has public water and public sewer and is zoned RS-7.
Key Highlights
- Four‑unit property with 2,432 square feet on 0.16 acres
- Four electric meters and four water meters
- 2017 roof replacement
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
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,877
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Block-built income property with separate utility metering, public services, and improvements to two residences.
Where is this quadplex located?
The property is located at 166 SW 3rd Street 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: Four‑unit property with 2,432 square feet on 0.16 acres; Four electric meters and four water meters; 2017 roof replacement
