303 De Carie Street, Delray Beach, FL 33444
MULTI_FAMILY - Delray Beach, FL
Property Features for 303 De Carie Street
General Information
Taxes and HOA fees
Utilities
Building Details
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Investment Insights
Based on property information with market context.
Constructed in 1958 with block/CBS and stucco, the property sits on a 0.19-acre lot and totals 2,268 square feet. Utilities include public water and public sewer. It is zoned RM (city) and is described as being just minutes from Downtown Delray.
Overall, the layout supports duplex living with the option to occupy one side while renting the other, or lease both sides.
Key Highlights
- 0.19‑acre lot and 2,268 SF total building area
- 3‑bedroom, 2‑bath duplex‑villa layout
- Renovated with permits including impact windows, new plumbing, and soundproofing
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 | $57.2k | $25.20 |
| − Vacancy | −$3.1k | −$1.39 |
| EGI | $54.0k | $23.81 |
| − OpEx | −$16.2k | −$7.14 |
| NOI | $37.8k | $16.67 |
Alternative Uses
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Current Use
Lease Details
Location Intelligence
Trade Area within ½ mile
Demographics for 33444, FL
Market
Vacancy Rate% for Multifamily in South region