Well-Maintained Condo with
For Sale
$299,900
1001 NE 8TH 209, Delray Beach, FL 33483
Condo with reserved parking, landscaping, and inground pool.
Property Size902 SF
Days on Market323
Property Features for 1001 NE 8TH 209
General Information
Standard status
Active
Size
902 SF
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$3,223
Building Details
Building Size
902 SF
Year Built
1968
Listed By:
Anne Marie Harden
(440) 785-8510
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 2
Last Checked: Oct 15 at 12:47AM
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 Anne Marie Harden
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Investment Insights
Based on property information with market context.
This well-maintained condo features a large living room upon entry. The dining room benefits from ample natural light. The kitchen is equipped with appliances. The development includes landscaping, reserved parking, and a large inground pool.
Key Highlights
- Reserved parking for residents.
- Enjoy the large inground pool.
- All kitchen appliances included for your convenience.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,872
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,440
$277.4K
Cap Rate 7%
$198,171
$198.2K
Cap Rate 9%
$154,133
$154.1K
Market Conditions
NOI Build-Up for 902 SF
Gross rent
$26.4K $29.28/SF
− Vacancy
−$1.2K −$1.32/SF
EGI
$25.2K $27.96/SF
− OpEx
−$11.3K −$12.58/SF
NOI
$13.9K $15.38/SF
Area
Palm Beach County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,440
Cap Rate 7%
$198,171
Cap Rate 9%
$154,133
Alternative Uses
Best Use
Apartment 5plus
$198.2K
$173.4K – $231.2K
NOI $13,872 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$635.2K
$555.8K – $741.1K
NOI $44,467 @ 7.0% cap · market cap 14.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
Explore this area
Business Placement
Demographics for 33483, FL
13,103
Population
9,493
Households
1.4
Avg Household Size
59
Median Age
57%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
3,448
Density / Sq Mi
$117,854
Median Household Income
$60,502
Median Earnings
$2,306
Median Rent
$755,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Condo with reserved parking, landscaping, and inground pool.
Where is this apartment building located?
The property is located at 1001 NE 8TH 209 Delray Beach, FL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Reserved parking for residents.; Enjoy the large inground pool.; All kitchen appliances included for your convenience.
