Renovated Duplex with Impact
For Sale
$715,000
4017 Woodside Drive, Coral Springs, FL 33065
MULTI_FAMILY - Coral Springs, FL
Property Size2,059 SF
Price / SF$347.26
Days on Market306
Property Features for 4017 Woodside Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RD-8
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 4
Window features
Blinds
Patio and Porch features
Porch
Fencing
Fenced
Subdivision
The Dells 64-40 B
Elementary school
James S. Hunt
Middle school
Forest Glen
High school
Coral Springs
Standard status
Active
APN
484114040090
Size
2,059 SF
Taxes and HOA fees
Tax Year
2023
Tax Description
THE DELLS 64-40 B LOT 9 BLK A
Tax Annual Amount
4262
Legal Description
THE DELLS 64-40 B LOT 9 BLK A
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Water front
1
Amenities
washer and dryer
private entrances
impact windows
updated landscaping
fenced yard
canal views
parking
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Flooring type
Laminate, Vinyl, Tile
Building materials
Block
Roof type
Barrel, Tile
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Miguel Navarro P.A. · License #3282725
(954) 330-9076
Added: Oct 9, 2025
Changed: Aug 10
Last Checked: Aug 10 at 12:06PM
MLS# F10530987
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.
Renovated duplex at 4017 Woodside Drive, Coral Springs, FL 33065, featuring two 2-bedroom, 2-bath units. Each side has its own private entrance and includes in-unit washer and dryer. Updates include fresh flooring with laminate, tile, and vinyl, upgraded lighting, and modern kitchens with new appliances, along with impact windows.
The property is constructed of block and offers central heating with central air conditioning, complemented by ceiling fans. Outside, there is a fenced yard, updated landscaping, a porch, and relaxing canal views. Parking is available for several cars.
With public water and public sewer services, and cable available, the duplex presents a straightforward rental setup under RD-8 zoning. Roof materials are tile and barrel, and the building was constructed in 1971.
The property is constructed of block and offers central heating with central air conditioning, complemented by ceiling fans. Outside, there is a fenced yard, updated landscaping, a porch, and relaxing canal views. Parking is available for several cars.
With public water and public sewer services, and cable available, the duplex presents a straightforward rental setup under RD-8 zoning. Roof materials are tile and barrel, and the building was constructed in 1971.
Key Highlights
- Two renovated 2‑bedroom, 2‑bath units with private entrances
- Impact windows and updated kitchens with new appliances
- In‑unit washer and dryer on both sides
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
$35,598
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
4.98%
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%
$711,960
$712.0K
Cap Rate 7%
$508,543
$508.5K
Cap Rate 9%
$395,533
$395.5K
Market Conditions
NOI Build-Up for 2,059 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
$53.1K $25.80/SF
− Vacancy
−$2.3K −$1.10/SF
EGI
$50.9K $24.70/SF
− OpEx
−$15.3K −$7.41/SF
NOI
$35.6K $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%
$711,960
Cap Rate 7%
$508,543
Cap Rate 9%
$395,533
Alternative Uses
Best Use
Multifamily LT 5
$508.5K
$445.0K – $593.3K
NOI $35,598 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$469.1K
$410.4K – $547.2K
NOI $32,834 @ 7.0% cap · market cap 4.59%
Theoretical Best
Specialty Retail
$3.51M
$3.07M – $4.10M
NOI $245,783 @ 7.0% cap · market cap 34.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,070
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
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-unit duplex on RD-8 zoning, built in 1971, with impact windows, private entrances, and in-unit laundry.
Where is this duplex located?
The property is located at 4017 Woodside Drive Coral Springs, FL.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Two renovated 2‑bedroom, 2‑bath units with private entrances; Impact windows and updated kitchens with new appliances; In‑unit washer and dryer on both sides
