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    Fully Occupied Quadplex Title is generated by Realmo AI

    1979 NE 3rd Street, Deerfield Beach, FL 33441

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    Claim this Listing
    New
    For Sale
    $1,450,000

    MULTI_FAMILY - Deerfield Beach, FL

    Property size:
    1,780 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $814/SF
    Added:
    Jun 1, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 1979 NE 3rd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM-25
    Bedrooms
    2
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 2
    Pets allowed
    No, Yes
    Exterior features
    Garden
    Standard status
    Active
    APN
    484305021840
    Size
    1,780 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    OCEAN VUE 3-34 B LOT 32 BLK 10
    Tax Annual Amount
    20738

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1952
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Tile - Ceramic
    Building materials
    CBS
    Roof type
    Composition

    We can help!

    Listing Contact
    Jill Kendall

    Listing agent Jill Kendall License #3487296

    Listing office RE/MAX Select Group 15065 S. Road 7, Suite 600, Parkland, FL

    Listing date Jun 1, 2026

    MLS# B26035483 Listing URL

    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.

    HighLights

    • Fully occupied quadplex with four leased units and new annual leases in place
    • Rental mix: Units 1 & 4 are 1‑bedroom units rented at $1,600/month; Units 2 & 3 are efficiencies rented at $1,400/month
    • CBS construction with composition roof
    • Public utilities: public water and public sewer
    • Tile‑ceramic flooring; wall/window and window unit cooling
    • Garden exterior features

    Overview

    This for-sale quadplex includes four fully leased residential units. The unit mix consists of two one-bedroom residences and two efficiency units. Units 1 and 4 are one-bedroom layouts currently rented at $1,600 per month, and Units 2 and 3 are efficiencies currently rented at $1,400 per month. The property is identified as having new annual leases in place, and all four units are occupied.

    The building is located at 1979 NE 3rd Street in Deerfield Beach, Florida (Broward County), on the Palm Beach County line between Deerfield Beach and Boca Raton. Public remarks indicate the property is approximately one block from the beach, just north of the Deerfield Beach Pier and within steps of the sand.

    For buyers seeking a small multifamily property with current in-place tenancy, this quadplex offers straightforward operations with four separate leased units under an RM-25 residential zoning designation. The existing rent structure by unit type and the fact that each unit is occupied can be useful for underwriting an income-focused investment approach, or for those evaluating a residential income property in a coastal submarket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Deerfield Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.077775
    Latitude
    26.317599

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    FAQs

    What type of property is this?
    Quadplex - Four leased units in RM-25 zoning, featuring two one-bedroom residences and two efficiencies in Deerfield Beach.
    Where is this quadplex located?
    The property is located at 1979 NE 3rd Street Deerfield Beach, FL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Fully occupied quadplex with four leased units and new annual leases in place; Rental mix: Units 1 & 4 are 1‑bedroom units rented at $1,600/month; Units 2 & 3 are efficiencies rented at $1,400/month; CBS construction with composition roof
    (561) 685-2262
    We can help!
    Listing Contact
    Jill Kendall
    Real Estate License ID: 3487296
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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