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Multifamily Building With Ocean-View Potential
For Sale
$2,550,000
Pending

10 NE 20th Ave, Deerfield Beach, FL 33441

RM 25 zoned multifamily property with 14 units and ocean-view development potential up to 55 ft.

Property SizeContact for details
Lot Size0.75 Acres
Days on Market53

Property Features for 10 NE 20th Ave

General Information

Standard status Pending
Lot size 0.75 Acres
Property subtype Commercial
Zoning RM 25

Additional Details

Multifamily Units 14

Building Details

Year Built 1953
Listing Agency: Mari Juliette Real Estate
Listed By: Marissa J Albertine · License #3394122
Source: Elliman
Added: Jun 16 Changed: Jul 10 Last Checked: Jul 23 at 11:46AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mari Juliette Real Estate

Investment Insights

Based on property information with market context.

This multifamily property offers 14 residential units with an office component. The mix includes 13 studio units and one 2-bedroom unit, and all units have kitchens and closets. The site is a 3/4-acre lot positioned for redevelopment, with RM 25 zoning allowing construction up to 55 feet and direct ocean views.

A1A and Hillsboro Boulevard provide visibility at a high-traffic location, with additional local traffic connecting from Millionaire Mile and Boca Raton. The area also supports a walkable lifestyle, with nearby destinations including Oceans 234, Billabong, Island Water Sports, Kilwin's, Patio Bar Happy Hour, Embassy Suites, Kahuna's, and the Deerfield Beach boardwalk.

For buyers or operators, the property combines an existing income-producing configuration with redevelopment options under RM 25, including the ability to build up to 55 feet. The mix of studio and 2-bedroom layouts can appeal to a range of renters while the site’s direct ocean-view potential and prominent roadway exposure may support future long-term repositioning.

Key Highlights

  • RM 25 zoned multifamily property with ocean‑view development potential up to 55 ft
  • 14‑unit configuration plus office: 13 studio units and 1 2‑bedroom unit
  • All units have kitchens and closets

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop Law Firm Auto Parts Store Garden Center Daycare Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14
Residential units

Location Intelligence

Trade Area within ½ mile

727
Businesses Nearby

Demographics for 33441, FL

29,311
Population
15,225
Households
1.9
Avg Household Size
43
Median Age
28%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,106
Density / Sq Mi
$57,257
Median Household Income
$35,163
Median Earnings
$1,544
Median Rent
$381,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - RM 25 zoned multifamily property with 14 units and ocean-view development potential up to 55 ft.
Where is this apartment building located?
The property is located at 10 NE 20th Ave Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: RM 25 zoned multifamily property with ocean‑view development potential up to 55 ft; 14‑unit configuration plus office: 13 studio units and 1 2‑bedroom unit; All units have kitchens and closets
More about this property
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