4-Unit Quadplex with Updated
For Sale
$1,599,900
4103 Riverside Dr, Coral Springs, FL 33065
MULTI_FAMILY - Other - Coral Springs, FL
Property Size3,632 SF
Price / SF$440.50
Days on Market145
Property Features for 4103 Riverside Dr
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
RM-20
Bedrooms
9
Full bathrooms
6
Rooms
Bedroom 1, Bedroom 6, Bathroom 5, Bathroom 1, Bedroom 2, Bedroom 9, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 5, Bathroom 6, Bedroom 8, Bedroom 7
Parking
10
Subdivision
CORAL SPRINGS SUB NO 1
Lot features
1/4 to 1/2 Acre Lot
Standard status
Active
APN
484114011430
Size
3,632 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CORAL SPRINGS SUB NO 1 59-30 B LOT 19 BLK G
Tax Annual Amount
20184
Legal Description
CORAL SPRINGS SUB NO 1 59-30 B LOT 19 BLK G
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1973
Floors in Building
2
Flooring type
Tile, Laminate
Building materials
Block
Roof type
Tile
Architectural style
Other
Listing Agency:
Canvas Real Estate
(954) 332-7121
Listed By:
Jean Aurelien · License #3586159
(239) 384-1067
Added: Mar 25
Changed: Aug 12
Last Checked: Aug 16 at 1:06PM
MLS# A11988265
Copyright © 2026 Miami REALTORS®. 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 fully occupied 4-unit quadplex is designed for steady residential income, with four spacious 3BD/2BA apartments. Interiors are described as updated, with wood kitchen cabinets and newer appliances. Flooring includes tile and laminate, and each unit is served by central heating and central air conditioning.
The building is constructed with block materials and is supported by a tile roof. Central A/C and public sewer are in place, with tile and laminate finishes throughout. Additional exterior upkeep noted includes a recently painted building and professionally landscaped grounds, along with accordion shutters for added protection.
Built in 1973, the property totals 3,632 square feet and is presented as an income-producing fourplex at 4103 Riverside Dr in Coral Springs, FL (33065).
The building is constructed with block materials and is supported by a tile roof. Central A/C and public sewer are in place, with tile and laminate finishes throughout. Additional exterior upkeep noted includes a recently painted building and professionally landscaped grounds, along with accordion shutters for added protection.
Built in 1973, the property totals 3,632 square feet and is presented as an income-producing fourplex at 4103 Riverside Dr in Coral Springs, FL (33065).
Key Highlights
- Fully occupied 4‑unit quadplex with four 3BD/2BA apartments
- Updated interiors with wood kitchen cabinets and newer appliances
- Central heating and central air conditioning across the building
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
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
904
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 4-unit quadplex featuring four 3BD/2BA apartments with central A/C, tile and laminate flooring, and public sewer.
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: Fully occupied 4‑unit quadplex with four 3BD/2BA apartments; Updated interiors with wood kitchen cabinets and newer appliances; Central heating and central air conditioning across the building
