Corner-Lot Duplex with
For Sale
$849,900
4470 NW 109TH Terrace, Coral Springs, FL 33065
Residential Income, Coral Springs, FL
Property Size2,812 SF
Lot Size0.26 Acres
Price / SF$302.24
Days on Market30
Property Features for 4470 NW 109TH Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RD-8
Bedrooms
6
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 2
Patio and Porch features
Patio, Porch
Pets allowed
No, Yes
Pool private
1
Exterior features
Balcony, Barbecue
Fencing
Chain Link, Fenced, Gate
Subdivision
CHEVY CHASE AMD PLAT
Elementary school
Coral Springs
Middle school
Coral Springs
High school
Coral Glades
Standard status
Active
APN
484117050420
Size
2,812 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CHEVY CHASE AMD PLAT OF BLKS A THRU G 70-49 B LOT 42 BLK A
Tax Annual Amount
15704
Legal Description
CHEVY CHASE AMD PLAT OF BLKS A THRU G 70-49 B LOT 42 BLK A
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Central
Cooling system
Central Air
Water source
Public
Amenities
pool
Building Details
Year built
1974
Floors in Building
2
Number of units
2
Flooring type
Tile, Vinyl, Wood
Building materials
CBS, Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Realty Consultants
(954) 688-5400
Listed By:
Gonzalo Vargas · License #3348807
(954) 204-7000
Added: Aug 6
Changed: Aug 19
Last Checked: Sep 4 at 6:06AM
MLS# B26061132
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 2,812-square-foot duplex contains two three-bedroom, 1.5-bath residences, each arranged with functional living space, natural light, and a 1-car garage. Tile, vinyl, and wood flooring are present across the property, along with central air, radiant heating, patios, porches, and balcony features. The building was constructed in 1974 with CBS and stucco materials, a shingle roof, public water, and public sewer.
Set on a 0.26-acre corner lot in Coral Springs, the property includes a pool and a fully enclosed backyard with chain-link fencing and a gate. Long-term tenants are already in place. Schools, shopping, dining, major highways, and daily services are identified in the surrounding area. RD-8 zoning applies.
Set on a 0.26-acre corner lot in Coral Springs, the property includes a pool and a fully enclosed backyard with chain-link fencing and a gate. Long-term tenants are already in place. Schools, shopping, dining, major highways, and daily services are identified in the surrounding area. RD-8 zoning applies.
Key Highlights
- Two 3‑bedroom, 1.5‑bath units within a 2,812‑square‑foot duplex
- Each residence includes its own 1‑car garage
- Pool and fully fenced backyard with chain‑link fencing and gate
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
$48,616
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
5.72%
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%
$972,320
$972.3K
Cap Rate 7%
$694,514
$694.5K
Cap Rate 9%
$540,178
$540.2K
Market Conditions
NOI Build-Up for 2,812 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
$72.5K $25.80/SF
− Vacancy
−$3.1K −$1.10/SF
EGI
$69.5K $24.70/SF
− OpEx
−$20.8K −$7.41/SF
NOI
$48.6K $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%
$972,320
Cap Rate 7%
$694,514
Cap Rate 9%
$540,178
Alternative Uses
Best Use
Multifamily LT 5
$694.5K
$607.7K – $810.3K
NOI $48,616 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$640.6K
$560.5K – $747.4K
NOI $44,842 @ 7.0% cap · market cap 5.28%
Theoretical Best
Specialty Retail
$4.80M
$4.20M – $5.59M
NOI $335,669 @ 7.0% cap · market cap 39.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
708
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 - Two three-bedroom units offer individual garages, fenced outdoor space, and established long-term tenancy.
Where is this duplex located?
The property is located at 4470 NW 109TH Terrace Coral Springs, FL.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two 3‑bedroom, 1.5‑bath units within a 2,812‑square‑foot duplex; Each residence includes its own 1‑car garage; Pool and fully fenced backyard with chain‑link fencing and gate
