Triplex with Metal
New
For Sale
$899,000
1206 NE 3RD Avenue, Delray Beach, FL 33444
Residential Income, Delray Beach, FL
Property Size1,798 SF
Lot Size0.30 Acres
Price / SF$500
Days on Market7
Property Features for 1206 NE 3RD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-1-A (city)
Bedrooms
4
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1
Window features
Blinds
Patio and Porch features
Porch, Patio
Pets allowed
Dogs OK, Yes
Fencing
Fenced
Subdivision
DELL PARK
Elementary school
Plumosa School of the Arts K-8
High school
Atlantic
Standard status
Active
APN
12434609280040360
Size
1,798 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DELL PARK LTS 36 & 37 BLK 4
Tax Annual Amount
12230
Legal Description
DELL PARK LTS 36 & 37 BLK 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating), Central
Cooling system
Heat Pump, Central Air, Ceiling Fan(s), Electric, Ductless
Water source
Well, Public
Amenities
laundry room
Building Details
Year built
1959
Floors in Building
1
Number of units
3
Flooring type
Tile, Tile - Ceramic, Wood
Building materials
Concrete
Roof type
Metal
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Suzanne M Carll · License #676381
(561) 251-3810
Added: Sep 30
Changed: Oct 6
Last Checked: Oct 6 at 10:06PM
MLS# B26082570
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 1959 triplex contains 1,798 square feet on a 0.30-acre lot. The building has a metal roof, impact windows, a single meter, and an on-site laundry room. Patio and porch areas are also present, and the property is zoned R-1-A by the city.
The property is in Delray Beach, with downtown, Atlantic Avenue, beaches, shops, and dining described as minutes away. Tenants are in place; the seller may deliver the property vacant with 60 days’ written notice if the buyer does not plan to retain them.
The property is in Delray Beach, with downtown, Atlantic Avenue, beaches, shops, and dining described as minutes away. Tenants are in place; the seller may deliver the property vacant with 60 days’ written notice if the buyer does not plan to retain them.
Key Highlights
- Triplex with 1,798 square feet on a 0.30‑acre lot
- Metal roof and impact windows
- On‑site laundry room and single meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,972
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,440
$599.4K
Cap Rate 7%
$428,171
$428.2K
Cap Rate 9%
$333,022
$333.0K
Market Conditions
NOI Build-Up for 1,798 SF
Gross rent
$45.3K $25.20/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$42.8K $23.81/SF
− OpEx
−$12.8K −$7.14/SF
NOI
$30.0K $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%
$599,440
Cap Rate 7%
$428,171
Cap Rate 9%
$333,022
Alternative Uses
Best Use
Multifamily LT 5
$428.2K
$374.7K – $499.5K
NOI $29,972 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$395.0K
$345.7K – $460.9K
NOI $27,652 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,638 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
788
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Impact windows, a laundry room, and a fenced lot are among the property’s existing features.
Where is this triplex located?
The property is located at 1206 NE 3RD Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Triplex with 1,798 square feet on a 0.30‑acre lot; Metal roof and impact windows; On‑site laundry room and single meter
