Residential Income
2227 NE 3rd Avenue Delray Beach, FL 33444
2227 NE 3rd Avenue, Delray Beach, FL, 33444
$769,000
For Sale
$769,000
MULTI_FAMILY - Delray Beach, FL
Property Size1,682 SF
Lot Size0.24 Acres
Price / SF$457.19
Days on Market48
Property Features for 2227 NE 3rd Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-1-A(
- Bedrooms
- 4
- Rooms
- Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
- Patio and Porch features
- Patio
- Pets allowed
- Yes, No
- Fencing
- Fenced
- Standard status
- Active
- APN
- 12434604210110150
- Size
- 1,682 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SEACREST PARK LT 15 (LESS W 10 FT RD R/W) BLK 11
- Tax Annual Amount
- 9426
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1973
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- CBS
- Roof type
- Composition
Listing agency
Compass Florida LLC
(561) 285-4283
Listed by
Jeffrey Creegan · License #3432383
(561) 939-9819
Added: Jun 5 Updated: Jul 20 at 2:00AM Checked: Jul 22 at 6:06AM
MLS# B26037499
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 for-sale residential income property is listed as a duplex/multifamily asset with a total building size of 1,682 square feet. The site sits on a 0.24-acre lot and is identified under zoning R-1-A(. Because the listing does not provide unit-by-unit features, buyers and brokers should confirm the current configuration and interior details during due diligence.
The property is located at 2227 NE 3rd Avenue in Delray Beach, Florida 33444, within Palm Beach County. Prospective purchasers should review local zoning requirements and permitted uses tied to the R-1-A( designation, along with any applicable development or modification rules that may affect renovations, tenant improvements, or changes to the building.
For tenants, this type of duplex or residential income setup can support households seeking an attached, income-oriented rental format. For buyers, the asset’s compact building footprint and defined lot size may appeal to those looking to acquire a modest-sized residential income property in Delray Beach. As with any income property purchase, confirm all operating assumptions and compliance items directly with the seller and through applicable permitting and inspection processes.
The property is located at 2227 NE 3rd Avenue in Delray Beach, Florida 33444, within Palm Beach County. Prospective purchasers should review local zoning requirements and permitted uses tied to the R-1-A( designation, along with any applicable development or modification rules that may affect renovations, tenant improvements, or changes to the building.
For tenants, this type of duplex or residential income setup can support households seeking an attached, income-oriented rental format. For buyers, the asset’s compact building footprint and defined lot size may appeal to those looking to acquire a modest-sized residential income property in Delray Beach. As with any income property purchase, confirm all operating assumptions and compliance items directly with the seller and through applicable permitting and inspection processes.
Key Highlights
- CBS construction with composition roof
- Central air cooling plus ceiling fans
- Central heating and electric heating
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.4k | $25.20 |
| − Vacancy | −$2.3k | −$1.39 |
| EGI | $40.1k | $23.81 |
| − OpEx | −$12.0k | −$7.14 |
| NOI | $28.0k | $16.67 |
1,682 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$400.6K
$350.5K – $467.3K
NOI $28,039 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$369.5K
$323.4K – $431.1K
NOI $25,868 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,919 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex-style residential income property for sale with zoning designated for R-1-A use in Delray Beach.
Where is this duplex located?
The property is located at 2227 NE 3rd Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: CBS construction with composition roof; Central air cooling plus ceiling fans; Central heating and electric heating
