Renovated
For Sale
$1,695,000
115 NW 8th Avenue, Delray Beach, FL 33444
Residential Income, Delray Beach, FL
Property Size2,944 SF
Lot Size4,025.00 Acres
Price / SF$575.75
Days on Market25
Property Features for 115 NW 8th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-1-A
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 1, Bedroom 7, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 8, Bedroom 1, Bedroom 3
Patio and Porch features
Patio
Pets allowed
Yes, No
Exterior features
Courtyard
Subdivision
DELRAY TOWN
Lot features
Irregular Lot, Oversized Lot
Elementary school
Plumosa School of the Arts K-8
High school
Atlantic
Standard status
Active
APN
12434616010030170
Size
2,944 SF
Lot size
4,025.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF DELRAY N 130 FT OF S 265 FT OF W 135 FT OF BLK 3
Tax Annual Amount
20017
Legal Description
TOWN OF DELRAY N 130 FT OF S 265 FT OF W 135 FT OF BLK 3
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
in-unit washer & dryer
private backyard gazebo
fully fenced with lush landscaping
Building Details
Year built
1960
Floors in Building
1
Number of units
4
Flooring type
Vinyl
Building materials
CBS
Roof type
Composition
Additional Structures
Gazebo
Listing Agency:
Compass Florida LLC
(561) 285-4283
Listed By:
Jeffrey Creegan · License #3432383
(561) 939-9819
Added: Sep 24
Changed: Oct 1
Last Checked: Oct 18 at 2:06PM
MLS# B26080257
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.
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Investment Insights
Based on property information with market context.
Two duplex structures provide four residences within a 2,944-square-foot property. Each unit has two bedrooms, one full bathroom, in-unit washer and dryer, separate water and electric meters, and a private backyard gazebo. The property is fully furnished and renovated, with a fenced site, courtyard, patio, and more than 10 parking spaces. CBS construction dates to 1960, and zoning is R-1-A.
The property is in Delray Beach’s Opportunity Zone, near The Sundy House, Atlantic Avenue, downtown Delray Beach, and the ocean. Public water and sewer are available.
The property is in Delray Beach’s Opportunity Zone, near The Sundy House, Atlantic Avenue, downtown Delray Beach, and the ocean. Public water and sewer are available.
Key Highlights
- Four units across two duplex structures; each has 2 bedrooms and 1 full bathroom
- 2,944 square feet of building area
- More than 10 parking spaces on a fenced property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,076
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,520
$981.5K
Cap Rate 7%
$701,086
$701.1K
Cap Rate 9%
$545,289
$545.3K
Market Conditions
NOI Build-Up for 2,944 SF
Gross rent
$74.2K $25.20/SF
− Vacancy
−$4.1K −$1.39/SF
EGI
$70.1K $23.81/SF
− OpEx
−$21.0K −$7.14/SF
NOI
$49.1K $16.67/SF
Area
Palm Beach 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 Rate 5%
$981,520
Cap Rate 7%
$701,086
Cap Rate 9%
$545,289
Alternative Uses
Best Use
Multifamily LT 5
$701.1K
$613.5K – $817.9K
NOI $49,076 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$646.8K
$566.0K – $754.6K
NOI $45,277 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,133 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 33444, FL
22,671
Population
10,469
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
84%
High-School Grad
5.0 sq mi
ZIP Area
4,534
Density / Sq Mi
$74,803
Median Household Income
$37,915
Median Earnings
$1,712
Median Rent
$425,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four furnished residences feature individual utility meters, in-unit laundry, and private outdoor space.
Where is this quadplex located?
The property is located at 115 NW 8th Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Four units across two duplex structures; each has 2 bedrooms and 1 full bathroom; 2,944 square feet of building area; More than 10 parking spaces on a fenced property
