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    Renovated Duplex in Prime Location Title is generated by Realmo AI

    3372 NE 5th Drive, Boca Raton, FL 33431

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    New
    For Sale
    $999,500

    MULTI_FAMILY - Boca Raton, FL

    Property size:
    2,365 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $422/SF
    Added:
    May 8, 2026
    Days on Market:
    7
    Last Refresh:
    May 14 at 6:06 am

    Property Features for 3372 NE 5th Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R2 (city)
    Bedrooms
    6
    Rooms
    Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 5, Bathroom 1
    Pets allowed
    Yes, No
    Exterior features
    Barbecue
    Fencing
    Fenced
    Standard status
    Active
    APN
    06434708050010023
    Size
    2,365 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    REPL OF PT OF BLKS 50~ 51 & 58 TO 60 INC N 75 FT OF S 525 FT OF LT 2 BLK 1
    Tax Annual Amount
    10349

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1987
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Wood, Tile
    Building materials
    CBS
    Roof type
    Shingle

    We can help!

    Listing Contact
    Lawrence A Mastropieri

    Listing agent Lawrence A Mastropieri License #3252988

    Listing office Mastropieri Group LLC 150 E Palmetto Park Road Suite 800, Boca Raton, FL

    Listing date May 8, 2026

    MLS# B26025965 Listing URL

    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.

    HighLights

    • Prime East Boca Raton Location, just 1 Mile to the Beach
    • Duplex generating $4,000 Rent Income Per Unit
    • Fully Renovated and in Mint Condition
    • Each Unit features 3 Bed, 2 Bath, Open Floor Plan, Eat‑In Kitchen
    • Separate Vinyl Fenced Backyards and Large Paver Driveways
    • Washer & Dryer in Units, with Separate Electric Meters

    Overview

    This multifamily property presents a rare investment opportunity with a duplex located in a prime area of East Boca Raton, Florida, approximately 1 mile from the beach. The property features two units, each offering 3 bedrooms and 2 bathrooms. Each unit generates a rental income of $4,000. The units feature an open floor plan and an eat-in kitchen. The primary bedroom is spacious and includes an ensuite bathroom. Each unit has its own separate vinyl-fenced backyard and large paver driveway. The property is enhanced by immaculate, lush landscaping and open patios. Each unit is equipped with a washer and dryer, and separate electric meters. The roof was replaced in 2011, and the AC units were updated in 2019 and 2025. The water heaters were replaced in 2019 and 2021. The property is located within a top-rated school district and is accessible for biking or walking to the beach. It is also located minutes from Florida Atlantic University (FAU), Downtown Mizner Park, Royal Palm Plaza, and Delray Beach Atlantic Avenue. The property is zoned R2 (city) and has a lot size of 0.16 acres. The property size is 2365 Square Feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boca Raton
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.077349
    Latitude
    26.38126

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    FAQs

    What type of property is this?
    Duplex - Fully renovated duplex in East Boca Raton, near the beach.
    Where is this duplex located?
    The property is located at 3372 NE 5th Drive Boca Raton, FL.
    What is the asking price?
    The asking price for this property is $999,500.
    What are key features of this property?
    This property features: Prime East Boca Raton Location, just 1 Mile to the Beach; Duplex generating $4,000 Rent Income Per Unit; Fully Renovated and in Mint Condition
    (561) 544-7000
    We can help!
    Listing Contact
    Lawrence A Mastropieri
    Real Estate License ID: 3252988
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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