Two-Unit Residential Income
610 SE 2nd Avenue Delray Beach, FL 33483
610 SE 2nd Avenue, Delray Beach, FL, 33483
$1,100,000
For Sale
$1,100,000
MULTI_FAMILY - Delray Beach, FL
Property Size1,900 SF
Lot Size0.26 Acres
Price / SF$578.95
Days on Market14
Property Features for 610 SE 2nd Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-1-A(
- Bedrooms
- 5
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5
- Window features
- Blinds
- Pets allowed
- No, Yes
- Fencing
- Fenced
- Standard status
- Active
- APN
- 12434621010070400
- Size
- 1,900 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- OSCEOLA PARK LT 40 BLK 7
- Tax Annual Amount
- 12227
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile - Ceramic
- Building materials
- Frame, Stucco
- Roof type
- Shingle
Listing agency
Lang Realty/Delray Beach
(561) 455-3300
Listed by
Noreen Payne · License #3342729
(703) 999-4214
Added: Jul 9 Updated: Jul 20 at 2:03AM Checked: Jul 22 at 4:06PM
MLS# B26050509
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 duplex is currently configured as two separate residences, providing rental income with flexibility for future ownership plans. Both units are described as fully renovated and each offers in-unit laundry. The property includes a 3-bedroom, 2-bath unit and a 3-bedroom, 1-bath unit. A roof replacement was completed in 2021.
The property is located in Delray Beach, Florida, within the Osceola Park neighborhood. The listing notes the area is minutes from Atlantic Avenue and the beach.
Set on a 0.26-acre lot, the asset is also presented alongside an adjacent vacant lot at 618 SE 2nd Avenue, which is available for purchase for those seeking potential assemblage opportunities.
The property is located in Delray Beach, Florida, within the Osceola Park neighborhood. The listing notes the area is minutes from Atlantic Avenue and the beach.
Set on a 0.26-acre lot, the asset is also presented alongside an adjacent vacant lot at 618 SE 2nd Avenue, which is available for purchase for those seeking potential assemblage opportunities.
Key Highlights
- Two separate residences on one property: both currently rented for immediate income
- Rental unit mix: 3BR/2BA and 3BR/1BA residences, each with in‑unit laundry
- Roof replaced in 2021; shingle roof
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 | $47.9k | $25.20 |
| − Vacancy | −$2.6k | −$1.39 |
| EGI | $45.2k | $23.81 |
| − OpEx | −$13.6k | −$7.14 |
| NOI | $31.7k | $16.67 |
1,900 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$452.5K
$395.9K – $527.9K
NOI $31,673 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$417.4K
$365.3K – $487.0K
NOI $29,221 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,666 @ 7.0% cap · market cap 8.52%
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 featuring two fully renovated 3-bedroom residences with in-unit laundry, currently rented.
Where is this duplex located?
The property is located at 610 SE 2nd Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two separate residences on one property: both currently rented for immediate income; Rental unit mix: 3BR/2BA and 3BR/1BA residences, each with in‑unit laundry; Roof replaced in 2021; shingle roof
