Four-Unit Residential Income
4341 RIVERSIDE Drive Coral Springs, FL 33065
For Sale
$1,250,000
MULTI_FAMILY - Coral Springs, FL
Property Size3,964 SF
Lot Size0.16 Acres
Price / SF$315.34
Days on Market8
Property Features for 4341 RIVERSIDE Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM-20
Bedrooms
8
Rooms
Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 8, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 7, Bathroom 8, Bathroom 7, Bedroom 1, Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 6
Pets allowed
Yes, No
Standard status
Active
APN
484114010210
Size
3,964 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CORAL SPRINGS SUB NO 1 59-30 B LOT 5 BLK B
Tax Annual Amount
19784
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1973
Floors in Building
2
Number of units
4
Flooring type
Tile - Ceramic, Marble
Building materials
CBS, Concrete, Concrete Block - With Stucco
Roof type
Tile
Listing Agency:
RPM LUXE REALTY
(561) 929-7317
Listed By:
Rodger P Morelli, MBA · License #3059403
(561) 929-7317
Added: Jul 20
Changed: Jul 25
Last Checked: Jul 27 at 7:06PM
MLS# B26054467
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 income property features four spacious 2-bedroom, 2-bath residences. Each unit includes a split-bedroom floor plan, covered private patio, and separate electric meters. The property also offers on-site laundry and has eight private parking spaces available for residents.
The property is located at 4341 Riverside Drive in Coral Springs, Florida, within RM-20 zoning. The site size is listed at 0.16 acres.
Recent upgrades include brand-new stainless steel appliances, updated kitchen cabinetry, fresh interior paint, updated air handlers, and select units with 20x20 white porcelain flooring and new closet doors. The listing reports current annual gross income of $103,200, with potential to increase to approximately $113,400.
The property is located at 4341 Riverside Drive in Coral Springs, Florida, within RM-20 zoning. The site size is listed at 0.16 acres.
Recent upgrades include brand-new stainless steel appliances, updated kitchen cabinetry, fresh interior paint, updated air handlers, and select units with 20x20 white porcelain flooring and new closet doors. The listing reports current annual gross income of $103,200, with potential to increase to approximately $113,400.
Key Highlights
- 4‑unit multifamily with four 2‑bedroom, 2‑bath residences and split‑bedroom floor plans
- $103,200 annual gross income; potential to increase to approximately $113,400
- 8 private parking spaces plus on‑site laundry
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.3k | $25.80 |
| − Vacancy | −$4.4k | −$1.10 |
| EGI | $97.9k | $24.70 |
| − OpEx | −$29.4k | −$7.41 |
| NOI | $68.5k | $17.29 |
3,964 SF · lease $25.80/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$979.0K
$856.7K – $1.14M
NOI $68,533 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$903.0K
$790.2K – $1.05M
NOI $63,212 @ 7.0% cap · market cap 5.06%
Theoretical Best
Specialty Retail
$6.76M
$5.91M – $7.89M
NOI $473,184 @ 7.0% cap · market cap 37.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four 2-bedroom, 2-bath residences with private patios, on-site laundry, and separate electric meters on a small lot.
Where is this quadplex located?
The property is located at 4341 RIVERSIDE Drive Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 4‑unit multifamily with four 2‑bedroom, 2‑bath residences and split‑bedroom floor plans; $103,200 annual gross income; potential to increase to approximately $113,400; 8 private parking spaces plus on‑site laundry
