4-Plex with In-Unit Washers &
For Sale
$1,239,000
3775 NW 116th Terrace, Coral Springs, FL 33065
MULTI_FAMILY - Coral Springs, FL
Property Size3,819 SF
Lot Size0.23 Acres
Price / SF$324.43
Days on Market81
Property Features for 3775 NW 116th Terrace
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM-15
Bedrooms
12
Full bathrooms
4
Half bathrooms
3
Rooms
Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 7, Bedroom 1, Bedroom 8, Bedroom 10, Bathroom 3, Bathroom 6, Bathroom 1, Bedroom 9, Bedroom 12, Bathroom 5, Bedroom 6, Bedroom 11, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 7
Exterior features
Garden
Subdivision
CASTLEWOOD
Lot features
Corner Lot
View
City
Elementary school
Coral Springs
Middle school
Coral Springs
High school
Coral Glades
Standard status
Active
APN
484117060640
Size
3,819 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CASTLEWOOD 71-37 B LOT 15 BLK E
Tax Annual Amount
23368
Legal Description
CASTLEWOOD 71-37 B LOT 15 BLK E
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit washers and dryers
Building Details
Year built
1975
Floors in Building
1
Number of units
4
Flooring type
Tile - Ceramic
Building materials
CBS
Roof type
Tile
Listing Agency:
Fidelity Real Estate Group LLC
(954) 345-9144
Listed By:
Carlos A Montoya · License #0623048
(954) 234-7653
Added: Jun 10
Changed: Aug 5
Last Checked: Aug 29 at 11:06AM
MLS# B26039314
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 quadplex offers four large 3-bedroom units with updated interiors and in-unit washers and dryers. The home features CBS construction with a tile roof and ceramic tile flooring, along with central heating and central air conditioning. A garden is listed as an exterior feature, and the property provides plenty of parking for residents.
The property is zoned RM-15 and sits on a 0.23-acre lot, totaling 3,819 SF. Utilities include public water and public sewer, with cable available.
Recent updates include newer kitchens, renovated bathrooms, and laminate flooring. Select units feature granite counters and stainless-steel appliances. The property is described as producing strong rental income, with an estimated cap rate near 7.
The property is zoned RM-15 and sits on a 0.23-acre lot, totaling 3,819 SF. Utilities include public water and public sewer, with cable available.
Recent updates include newer kitchens, renovated bathrooms, and laminate flooring. Select units feature granite counters and stainless-steel appliances. The property is described as producing strong rental income, with an estimated cap rate near 7.
Key Highlights
- Four 3‑bedroom units in a quadplex
- In‑unit washers and dryers for each unit
- RM‑15 zoning on a 0.23‑acre lot (3,819 SF)
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
$66,026
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
5.33%
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%
$1,320,520
$1.3M
Cap Rate 7%
$943,229
$943.2K
Cap Rate 9%
$733,622
$733.6K
Market Conditions
NOI Build-Up for 3,819 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
$98.5K $25.80/SF
− Vacancy
−$4.2K −$1.10/SF
EGI
$94.3K $24.70/SF
− OpEx
−$28.3K −$7.41/SF
NOI
$66.0K $17.29/SF
Area
Coral Springs, FL
Vacancy
4.27%
Lease Rate
$25.80 /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%
$1,320,520
Cap Rate 7%
$943,229
Cap Rate 9%
$733,622
Alternative Uses
Best Use
Multifamily LT 5
$943.2K
$825.3K – $1.10M
NOI $66,026 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$870.0K
$761.3K – $1.02M
NOI $60,900 @ 7.0% cap · market cap 4.92%
Theoretical Best
Specialty Retail
$6.51M
$5.70M – $7.60M
NOI $455,875 @ 7.0% cap · market cap 36.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,096
Businesses Nearby
Explore this area
Business Placement
Demographics for 33065, FL
59,668
Population
21,416
Households
2.8
Avg Household Size
36
Median Age
31%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
6,938
Density / Sq Mi
$70,435
Median Household Income
$36,255
Median Earnings
$1,833
Median Rent
$416,800
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 - Four 3-bedroom units in an RM-15 zoned quadplex with central HVAC and in-unit washers and dryers.
Where is this quadplex located?
The property is located at 3775 NW 116th Terrace Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,239,000.
What are key features of this property?
This property features: Four 3‑bedroom units in a quadplex; In‑unit washers and dryers for each unit; RM‑15 zoning on a 0.23‑acre lot (3,819 SF)
