4-Unit Quadplex with
For Sale
$1,290,000
3918 Serubi Avenue, Palm Springs, FL 33461
Residential Income, Palm Springs, FL
Property Size2,492 SF
Price / SF$517.66
Days on Market341
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 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 3, Bathroom 5, Bedroom 4, Bathroom 6, Bedroom 5, Bedroom 2
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
Wall/Window Unit(s), Window Unit(s), Central Air
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
Flat, Shingle
Listing Agency:
Partnership Realty Inc.
(561) 355-0270
Listed By:
Omar Sanchez Leyva · License #3339132
(645) 223-3548
Added: Nov 19, 2025
Changed: Oct 26
Last Checked: Oct 26 at 5:06PM
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.
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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 / Yr
$41,541
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
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
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 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 3.22%
Second Best
Apartment 5plus
$547.5K
$479.1K – $638.8K
NOI $38,325 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$1.75M
$1.54M – $2.05M
NOI $122,850 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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 $1,290,000.
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
