$3,950,000
Deerfield Beach, FL 33441
MLS# RX-11153171
15 baths | 8318 sqft
1 / 16
Property Description
649 SE 4th Street, Deerfield Beach, FL 33441 - Prime Coastal Investment Opportunity Located in one of Deerfield Beach's most desirable coastal submarkets, 649 SE 4th Street offers a compelling multifamily investment supported by strong rental demand and long-term appreciation potential. Just minutes from the beach, Intracoastal Waterway, downtown Deerfield Beach, and major transportation corridors, the property benefits from a location that consistently attracts quality tenants and investors. The surrounding neighborhood is defined by limited inventory, high owner occupancy, and steady population demand—key fundamentals that drive rental stability and value growth. Proximity to employment centers, lifestyle amenities, and coastal attractions supports both long-term and potent
Details
Contract Information
Auction: No
List Price/Bldg SqFt: 474.87
Negotiable Seller Concessions YN: Yes
Status: Active
Original List Price: 3950000
List Price: $3,950,000
Current Price: $3,950,000
Listing Date: 2026-01-07
General Property Description
For Sale: Yes
For Lease: No
Property Desc: Apartment Building
Acres: 1411
Waterfront: No
SqFt Source: Owner
# of Stories: 2
Total Units: 13
% Air Conditioned: 100
Type: MultiFamily (5+ Units)
Subdivision: THE COVE
Year Built: 1979
SqFt - Living: 8318
Baths - Total: 15
Location, Tax & Legal
Geo Area: NUS1
Country: United States
State/Province: FL
Tax Year: 2025
Zoning: RM-15
Real Estate Taxes: 61909.4
Multiple Ofrs Acptd: Yes
Area: 3211
County: Broward
Parcel ID: 484305081110
Street #: 1649
Street Dir: SE
Street Name: 4th
Street Suffix: Street
Zip Code: 33441
Legal Desc: THE COVE 32-48 B LOT 2 BLK 8
Geo Lat: 26.313064
Geo Lon: -80.08325
Remarks & Misc
Directions: 95 south to Hillsboro Boulevard east to southeast to 15th street left on 4th street unit 900 feet on left
Office/Member Info
DXORIGMLNO: RX-11153171
DXORIGMLSID: RML
Building Info
# of Tenants: 13
Miles to Expressway: 6
Miles to Beach: 2
Monetary Info
Gross Sched Income: 297000
Vacancy Rate: 3
Other Income: 1500
Total Expenses: 81000
Net Oper Income: 212500
Location
Beach Area: 1
Shopping Center: 1
Expenses
Insurance: 14000
R.E. Taxes: 59000
Trash: 2040
Utilities: 4500
Common Area Maint: 2500
Total Expenses: 81040
Type of Building
Commercial: 1
Free Standing: 1
Other: 1
Unit 1
Unit Desc: 2 Bedroom
Full Baths: 1
Rent Period: Month
Unit 2
Unit Desc: 2 Bedroom
Full Baths: 1
Rent Period: Month
Sale Includes
Building and Land: 1
Unit 3
Unit Desc: 1 Bedroom
Full Baths: 1
Rent Period: Month
Unit 4
Unit Desc: 2 Bedroom
Full Baths: 1
Rent Period: Month
Avail Info
Contracts: 1
Tax Return: 1
Unit 5
Unit Desc: 1 Bedroom
Full Baths: 1
Rent Period: Month
Construction
CBS: 1
Concrete: 1
Avail Docs
Appraisal: 1
Survey: 1
Unit 6
Unit Desc: 1 Bedroom
Full Baths: 1
Rent Period: Month
Unit 7
Unit Desc: 1 Bedroom
Full Baths: 1
Rent Period: Month
Unit 8
Unit Desc: 1 Bedroom
Full Baths: 1
Rent Period: Month
Waterfront Details
None: 1
Special Info
Corporate Owned: 1
Cooling
Ceiling Fan: 1
Central: 1
Electric: 1
Heating
Central: 1
Electric: 1
Tenant Pays
Cable: 1
Electric: 1
Insurance: 1
Water: 1
Miscellaneous 1
Landscaped: 1
Laundry: 1
Use
Income: 1
Other: 1
Flooring
Ceramic Tile: 1
Wood Floor: 1
Utilities
Cable: 1
Electric: 1
Fire Protect
Smoke Alarm: 1
Smoke Detector: 1
Ceiling
Height Varies: 1
Security
None: 1
Roof
Other: 1
Terms Considered
Cash: 1
Conventional: 1
Exchange: 1
Possession
At Closing: 1
Lease
Annual: 1
Property Features
Use: Income; Other
Type of Building: Commercial; Free Standing; Other
Construction: CBS; Concrete
Ceiling: Height Varies
Location: Beach Area; Shopping Center
Sale Includes: Building and Land
Avail Docs: Appraisal; Survey
Avail Info: Contracts; Tax Return
Miscellaneous 1: Landscaped; Laundry
Flooring: Ceramic Tile; Wood Floor
Cooling: Ceiling Fan; Central; Electric
Heating: Central; Electric
Fire Protect: Smoke Alarm; Smoke Detector
Special Info: Corporate Owned
Tenant Pays: Cable; Electric; Insurance; Water
Utilities: Cable; Electric
Waterfront Details: None
Security: None
Roof: Other
Terms Considered: Cash; Conventional; Exchange
Lease: Annual
Possession: At Closing
Supplements
short-term rental strategies, subject to local regulations.
Property Highlights:
" 9 One-Bedroom Units | Avg. 650 SF
" 3 Two-Bedroom Units | Avg. 740 SF
" 1 One-Bedroom Manager's Unit | 500 SF
" On-site Laundry Room
" Storage Shed
" Two parking spaces per apartment
Investors will appreciate the asset's placement within a proven South Florida market known for resilience, favorable demographics, and ongoing redevelopment. With strong fundamentals, functional unit layouts, and a highly desirable location, this property offers reliable cash flow today with meaningful upside over time.
A rare opportunity to acquire a well-located multifamily asset in a high-demand Deerfield Beach corridor.
Listing Office: Lang Realty/BR
Last Updated: January - 10 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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