Renovated Duplex with
For Sale
Contact for pricing
Pending
8-10 NE 9th Avenue, Deerfield Beach, FL 33441
Fully renovated duplex with a pool and updated kitchen, bathrooms, flooring, and a 2014 roof.
Property Size2,142 SF
Days on Market98
Property Features for 8-10 NE 9th Avenue
General Information
Standard status
Pending
Size
2,142 SF
Property subtype
Multifamily
Zoning
RM-10
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Amenities
pool
open patios
fenced backyard
Building Details
Year Built
1972
Units
2
Tenancy
Multi
Listing Agency:
Sainaam Realty & Investment
Listed By:
Ravi Mohanka · License #3034455
Source:
Crexi
Added: Jun 2
Changed: Aug 8
Last Checked: Jul 24 at 2:45PM
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 Sainaam Realty & Investment
Investment Insights
Based on property information with market context.
This fully renovated duplex offers two updated units and an outdoor pool, along with interior improvements that include a brand new kitchen with quartz countertops, new cabinets, and a new sink. The property also features updated bathrooms and new flooring, with a 2014 roof.
The home is listed as about 1 mile from the ocean in Deerfield Beach, with proximity described to shopping, dining, parks, schools, and local recreation. The outdoor area includes separate open patios and a fenced-in backyard space.
The configuration supports either an owner-occupant arrangement on one side with rental income on the other, or use as a vacation rental given the stated closeness to the beach and surrounding amenities.
The home is listed as about 1 mile from the ocean in Deerfield Beach, with proximity described to shopping, dining, parks, schools, and local recreation. The outdoor area includes separate open patios and a fenced-in backyard space.
The configuration supports either an owner-occupant arrangement on one side with rental income on the other, or use as a vacation rental given the stated closeness to the beach and surrounding amenities.
Key Highlights
- Fully renovated duplex built in 1972
- 1‑mile distance to the ocean in Deerfield Beach
- Pool on‑site with separate open patios and a fenced‑in backyard
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
$35,707
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
4.46%
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%
$714,140
$714.1K
Cap Rate 7%
$510,100
$510.1K
Cap Rate 9%
$396,744
$396.7K
Market Conditions
NOI Build-Up for 2,142 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
$54.0K $25.20/SF
− Vacancy
−$3.0K −$1.39/SF
EGI
$51.0K $23.81/SF
− OpEx
−$15.3K −$7.14/SF
NOI
$35.7K $16.67/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$25.20 /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%
$714,140
Cap Rate 7%
$510,100
Cap Rate 9%
$396,744
Alternative Uses
Best Use
Multifamily LT 5
$510.1K
$446.3K – $595.1K
NOI $35,707 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$470.6K
$411.8K – $549.1K
NOI $32,943 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$1.09M
$950.9K – $1.27M
NOI $76,071 @ 7.0% cap · market cap 9.51%
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
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,838
Businesses Nearby
Explore this area
Business Placement
Demographics for 33441, FL
29,311
Population
15,225
Households
1.9
Avg Household Size
43
Median Age
28%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,106
Density / Sq Mi
$57,257
Median Household Income
$35,163
Median Earnings
$1,544
Median Rent
$381,700
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 - Fully renovated duplex with a pool and updated kitchen, bathrooms, flooring, and a 2014 roof.
Where is this duplex located?
The property is located at 8-10 NE 9th Avenue Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Fully renovated duplex built in 1972; 1‑mile distance to the ocean in Deerfield Beach; Pool on‑site with separate open patios and a fenced‑in backyard
