4-Unit Quadplex with
For Sale
$889,900
3918 Serubi Avenue, Palm Springs, FL 33461
Residential Income, Palm Springs, FL
Property Size2,492 SF
Price / SF$357.10
Days on Market316
Property Features for 3918 Serubi Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM
Bedrooms
7
Bathrooms
6
Full bathrooms
5
Rooms
Bathroom 5, Bathroom 1, Bedroom 6, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 7, Bathroom 4, Bedroom 1, Bathroom 6, Bedroom 4
Pets allowed
Yes
Pool private
1
Exterior features
RV Hookup
Subdivision
SERUBI COURT RESUB OF TR
Elementary school
Palm Springs (Palm Beach)
Middle school
L. C. Swain
High school
John I. Leonard
Standard status
Active
APN
70434419170000220
Size
2,492 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
SERUBI COURT LT 22 & N 64 FT OF LT 23
Tax Annual Amount
10528
Legal Description
SERUBI COURT LT 22 & N 64 FT OF LT 23
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
Concrete, Stucco
Roof type
Shingle, Flat
Listing Agency:
Partnership Realty Inc.
(561) 355-0270
Listed By:
Omar Sanchez Leyva · License #3339132
(645) 223-3548
Added: Nov 19, 2025
Changed: Oct 1
Last Checked: Oct 1 at 6:06PM
MLS# R11141850
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 property contains 2,492 square feet and was built in 1955. The recorded room count includes seven bedrooms and six bathrooms. A private pool and RV hookup are among the site features. Construction includes concrete and stucco, with tile flooring and central heating. Public water and sewer serve the property, and cable is available. The building is in Palm Springs, Florida.
Key Highlights
- Four‑unit property with 2,492 square feet
- Seven bedrooms and six bathrooms
- Private pool and RV hookup
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
$41,541
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
4.67%
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%
$830,820
$830.8K
Cap Rate 7%
$593,443
$593.4K
Cap Rate 9%
$461,567
$461.6K
Market Conditions
NOI Build-Up for 2,492 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
$62.8K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$59.3K $23.81/SF
− OpEx
−$17.8K −$7.14/SF
NOI
$41.5K $16.67/SF
Area
Palm Beach 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%
$830,820
Cap Rate 7%
$593,443
Cap Rate 9%
$461,567
Alternative Uses
Best Use
Multifamily LT 5
$593.4K
$519.3K – $692.4K
NOI $41,541 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$547.5K
$479.1K – $638.8K
NOI $38,325 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.75M
$1.54M – $2.05M
NOI $122,850 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 33461, FL
47,161
Population
18,095
Households
2.6
Avg Household Size
36
Median Age
17%
College-Educated
75%
High-School Grad
7.1 sq mi
ZIP Area
6,642
Density / Sq Mi
$61,218
Median Household Income
$31,503
Median Earnings
$1,615
Median Rent
$263,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - RM zoning, an RV hookup, and public water and sewer serve the property.
Where is this quadplex located?
The property is located at 3918 Serubi Avenue Palm Springs, FL.
What is the asking price?
The asking price for this property is $889,900.
What are key features of this property?
This property features: Four‑unit property with 2,492 square feet; Seven bedrooms and six bathrooms; Private pool and RV hookup
