CBS Quadplex with Fenced
For Sale
Under Contract
$950,000
5285 Sunrise Boulevard, Delray Beach, FL 33484
Residential Income, Delray Beach, FL
Property Size2,534 SF
Lot Size0.47 Acres
Price / SF$374.90
Days on Market330
Property Features for 5285 Sunrise Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
AR
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Patio and Porch features
Patio
Exterior features
Balcony
Fencing
Fenced
Subdivision
DELRAY GARDEN ESTATES 3
Lot features
Room for Pool
Elementary school
Banyan Creek (Palm Beach)
Middle school
Carver Community
High school
Atlantic
Standard status
Active Under Contract
APN
00424611040000940
Size
2,534 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
DELRAY GARDEN ESTS PL 3 LT 94 & 95
Tax Annual Amount
7399
Legal Description
DELRAY GARDEN ESTS PL 3 LT 94 & 95
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1985
Floors in Building
2
Number of units
4
Flooring type
Carpet, Tile - Ceramic
Building materials
CBS
Listing Agency:
Mastropieri Group LLC
Listed By:
Lawrence A Mastropieri · License #3252988
(561) 544-7000
Added: Oct 24, 2025
Changed: Sep 15
Last Checked: Sep 18 at 10:06PM
MLS# R11135087
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 2,534-square-foot quadplex was built in 1985 with CBS construction and sits on a 0.47-acre parcel zoned AR. The property includes ceramic tile and carpet flooring, central air conditioning, central electric heating, balconies, a covered patio, and a vinyl-fenced backyard. Additional features include hurricane-impact windows and doors, a circular driveway, a two-car epoxy garage, RV and boat parking, and space for a pool. Each unit has a private entrance, supporting separation between residences.
Public water and sewer serve the property. Its Delray Beach setting provides access to Atlantic Ave, the beach, dining, shopping, and I-95. The property also includes a manicured landscape, outdoor lighting, an eat-in kitchen with quartz counters and stainless-steel appliances, and an open floor plan with French doors and recessed lighting.
Public water and sewer serve the property. Its Delray Beach setting provides access to Atlantic Ave, the beach, dining, shopping, and I-95. The property also includes a manicured landscape, outdoor lighting, an eat-in kitchen with quartz counters and stainless-steel appliances, and an open floor plan with French doors and recessed lighting.
Key Highlights
- 2,534 SF quadplex on a 0.47‑acre parcel
- AR zoning with CBS construction
- Built in 1985 with central air and electric heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,241
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$844,820
$844.8K
Cap Rate 7%
$603,443
$603.4K
Cap Rate 9%
$469,344
$469.3K
Market Conditions
NOI Build-Up for 2,534 SF
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.
Gross rent
$63.9K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$60.3K $23.81/SF
− OpEx
−$18.1K −$7.14/SF
NOI
$42.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$844,820
Cap Rate 7%
$603,443
Cap Rate 9%
$469,344
Alternative Uses
Best Use
Multifamily LT 5
$603.4K
$528.0K – $704.0K
NOI $42,241 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$556.7K
$487.1K – $649.5K
NOI $38,971 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,921 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
Business Placement
Demographics for 33484, FL
26,340
Population
18,884
Households
1.4
Avg Household Size
66
Median Age
42%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
4,390
Density / Sq Mi
$56,942
Median Household Income
$43,922
Median Earnings
$1,876
Median Rent
$220,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with public water and sewer.
Where is this quadplex located?
The property is located at 5285 Sunrise Boulevard Delray Beach, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,534 SF quadplex on a 0.47‑acre parcel; AR zoning with CBS construction; Built in 1985 with central air and electric heating
