Income-Driven Fourplex
For Sale
$1,597,321
220 SE 12th Avenue, Deerfield Beach, FL 33441
Income-producing fourplex with 5 bedrooms and 5 bathrooms, offering 8 parking spaces on a large corner lot.
Property Size2,983 SF
Price / SF$535.47
Days on Market77
Property Features for 220 SE 12th Avenue
General Information
Standard status
Active
Size
2,983 SF
Total Parking Spaces
8
Property subtype
Quadruplex
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$18,748
Building Details
Building Size
2,983 SF
Year Built
1958
Buildings
1
Tenancy
Multi
Listing Agency:
Brown Harris Stevens
Listed By:
Dimitri Kiosseff · License #0579375
(305) 444-2304
Source:
Pamandtoni
Added: Jul 24
Changed: Oct 6
Last Checked: Oct 7 at 3:46PM
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 Brown Harris Stevens
Investment Insights
Based on property information with market context.
This income-producing fourplex is configured as a 5-bedroom, 5-bath property in approximately 2,938 square feet and is presented as turn-key for vacation rental use. The home features an established vacation rental income stream supported by multi-platform online presence, with active bookings noted as conveying with the sale. The property also offers 8 parking spaces, and the listing states there is no HOA and no restrictions.
Located in Deerfield Beach’s intracoastal neighborhood, “The Cove,” the property is described as minutes to the ocean and a short walk to the beach. WalkScore is reported at 81 (very walkable), with shopping and dining options in the area, along with waterfront dining at “The Cove Waterfront & Tiki Bar.” The listing also reports a bikeScore of 58 and a transitScore of 34.
Located in Deerfield Beach’s intracoastal neighborhood, “The Cove,” the property is described as minutes to the ocean and a short walk to the beach. WalkScore is reported at 81 (very walkable), with shopping and dining options in the area, along with waterfront dining at “The Cove Waterfront & Tiki Bar.” The listing also reports a bikeScore of 58 and a transitScore of 34.
Key Highlights
- 1958‑built income‑producing fourplex with 5 bedrooms and 5 bathrooms.
- 2,938 SF fourplex on a large corner lot.
- 8 parking spaces available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,726
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,520
$994.5K
Cap Rate 7%
$710,371
$710.4K
Cap Rate 9%
$552,511
$552.5K
Market Conditions
NOI Build-Up for 2,983 SF
Gross rent
$75.2K $25.20/SF
− Vacancy
−$4.1K −$1.39/SF
EGI
$71.0K $23.81/SF
− OpEx
−$21.3K −$7.14/SF
NOI
$49.7K $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%
$994,520
Cap Rate 7%
$710,371
Cap Rate 9%
$552,511
Alternative Uses
Best Use
Multifamily LT 5
$710.4K
$621.6K – $828.8K
NOI $49,726 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$655.4K
$573.5K – $764.6K
NOI $45,877 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.51M
$1.32M – $1.77M
NOI $105,938 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,823
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing fourplex with 5 bedrooms and 5 bathrooms, offering 8 parking spaces on a large corner lot.
Where is this quadplex located?
The property is located at 220 SE 12th Avenue Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $1,597,321.
What are key features of this property?
This property features: 1958‑built income‑producing fourplex with 5 bedrooms and 5 bathrooms.; 2,938 SF fourplex on a large corner lot.; 8 parking spaces available.
