Detached Duplex With Fenced
New
For Sale
$599,999
101 NW 13TH Avenue, Boynton Beach, FL 33435
Two stand-alone units offer separate living spaces and private fenced backyards.
Property Size1,700 SF
Days on Market4
Property Features for 101 NW 13TH Avenue
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Duplex
Zoning
Multifamily
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$2,550
Taxes and HOA fees
Annual Taxes
$6,408
Building Details
Building Size
1,700 SF
Year Built
1950
Stories
1
Listing Agency:
LoKation
Listed By:
Chloe Sommers · License #3551098
(908) 415-6286
Source:
Meyerlucas
Added: Aug 30
Changed: Sep 1
Last Checked: Sep 1 at 8:55PM
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 LoKation
Investment Insights
Based on property information with market context.
Built in 1950, this multifamily property consists of two separate, single-story residences on one lot without shared walls. The unit mix includes a 4-bedroom, 2-bath residence and a 2-bedroom, 1-bath residence, each with a private fenced backyard. The property is zoned multifamily and has no HOA.
Wind mitigation features include straps and window screws, with full wind mitigation credits noted for wind protection. The property is situated on a residential street between a canal and an elementary school, with City Hall, restaurants, and the beach nearby in downtown Boynton Beach. Its separate-building configuration provides two distinct living spaces within one duplex property.
Wind mitigation features include straps and window screws, with full wind mitigation credits noted for wind protection. The property is situated on a residential street between a canal and an elementary school, with City Hall, restaurants, and the beach nearby in downtown Boynton Beach. Its separate-building configuration provides two distinct living spaces within one duplex property.
Key Highlights
- Two separate residences on one lot with no shared walls
- Unit mix includes 4 bed/2 bath and 2/1 residences
- Private fenced backyards for both units
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
$28,339
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
4.72%
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%
$566,780
$566.8K
Cap Rate 7%
$404,843
$404.8K
Cap Rate 9%
$314,878
$314.9K
Market Conditions
NOI Build-Up for 1,700 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
$42.8K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$40.5K $23.81/SF
− OpEx
−$12.1K −$7.14/SF
NOI
$28.3K $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%
$566,780
Cap Rate 7%
$404,843
Cap Rate 9%
$314,878
Alternative Uses
Best Use
Multifamily LT 5
$404.8K
$354.2K – $472.3K
NOI $28,339 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$373.5K
$326.8K – $435.8K
NOI $26,145 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,806 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 33435, FL
37,318
Population
20,058
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
5,741
Density / Sq Mi
$66,612
Median Household Income
$35,488
Median Earnings
$1,846
Median Rent
$306,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two stand-alone units offer separate living spaces and private fenced backyards.
Where is this duplex located?
The property is located at 101 NW 13TH Avenue Boynton Beach, FL.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Two separate residences on one lot with no shared walls; Unit mix includes 4 bed/2 bath and 2/1 residences; Private fenced backyards for both units
