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 Market31
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
(305) 444-2304
Listed By:
Dimitri Kiosseff · License #0579375
(305) 444-2304
Source:
Pamandtoni
Added: Jul 24
Changed: Aug 23
Last Checked: Aug 23 at 4:49AM
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 = 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
$49,726
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
3.11%
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%
$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
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
$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 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%
$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
Property Profile
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
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 - 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.
