Four-Unit Updated
For Sale
Contact for pricing
4103 Riverside Dr, Coral Springs, FL 33065
Fully occupied multifamily property with four residential units, landscaped grounds, and accordion shutters.
Property Size3,632 SF
Price / SF$440.50
Days on Market164
Property Features for 4103 Riverside Dr
General Information
Standard status
Active
Size
3,632 SF
Total Parking Spaces
10
Property subtype
Multifamily
Zoning
RM-20
Occupancy
100%
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Building Details
Year Built
1973
Stories
2
Listing Agency:
Canvas Real Estate
Listed By:
Jean Aurelien · License #3586159
(239) 384-1067
Source:
Crexi
Added: Mar 24
Changed: Aug 31
Last Checked: Sep 1 at 11:59AM
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 Canvas Real Estate
Investment Insights
Based on property information with market context.
This 3,632-square-foot quadplex contains four residential units, each configured with three bedrooms and two bathrooms. Interior improvements include wood kitchen cabinetry, newer appliances, and maintained A/C systems. The building was painted recently, while professional landscaping enhances the exterior presentation. Accordion shutters are also installed.
Built in 1973 and zoned RM-20, the property is fully occupied and produces income from its four-unit configuration. The asset is located at 4103 Riverside Dr in Coral Springs, Florida, with each unit offering the same three-bedroom, two-bathroom layout.
Built in 1973 and zoned RM-20, the property is fully occupied and produces income from its four-unit configuration. The asset is located at 4103 Riverside Dr in Coral Springs, Florida, with each unit offering the same three-bedroom, two-bathroom layout.
Key Highlights
- Four 3BD/2BA units
- 3,632‑square‑foot quadplex built in 1973
- Fully occupied income‑producing property
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
$62,793
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
3.92%
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%
$1,255,860
$1.3M
Cap Rate 7%
$897,043
$897.0K
Cap Rate 9%
$697,700
$697.7K
Market Conditions
NOI Build-Up for 3,632 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
$93.7K $25.80/SF
− Vacancy
−$4.0K −$1.10/SF
EGI
$89.7K $24.70/SF
− OpEx
−$26.9K −$7.41/SF
NOI
$62.8K $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%
$1,255,860
Cap Rate 7%
$897,043
Cap Rate 9%
$697,700
Alternative Uses
Best Use
Multifamily LT 5
$897.0K
$784.9K – $1.05M
NOI $62,793 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$827.4K
$724.0K – $965.3K
NOI $57,918 @ 7.0% cap · market cap 3.62%
Theoretical Best
Specialty Retail
$6.19M
$5.42M – $7.23M
NOI $433,553 @ 7.0% cap · market cap 27.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,174
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?
Quadplex - Fully occupied multifamily property with four residential units, landscaped grounds, and accordion shutters.
Where is this quadplex located?
The property is located at 4103 Riverside Dr Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Four 3BD/2BA units; 3,632‑square‑foot quadplex built in 1973; Fully occupied income‑producing property
