Delray Beach Multifamily Investment
1100 SW 4th Ave, Delray Beach, FL 33444
For Sale
Contact for pricing
Garden-style multifamily asset with 60 units in Delray Beach.
Property Size51,300 SF
Price / SF$355.75
Days on Market274
Property Features for 1100 SW 4th Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Building Details
Year Built
Buildings
Units
Listing Agency:
Franklin Street Tampa
Listed By:
Dan Dratch · License FL SL3341163
Source:
Crexi
Added: Feb 12
Changed: Aug 8
Last Checked: Aug 8 at 6:41AM
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 Franklin Street Tampa
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Investment Insights
Based on property information with market context.
This property presents an opportunity to acquire a garden-style multifamily asset located in South Florida. Constructed in 1980, the property consists of a 51,300 square foot building containing 60 residential units. The building reflects a low-rise multifamily design. The property's unit count and building size may allow for professional management and value-oriented investment strategies. With 60 units under one roof, there may be economies of scale and streamlined maintenance. The RM – Multiple Family (Medium) zoning provides flexibility for continued multifamily use and supports long-term hold strategies within an established zoning framework. The property may offer a foundation for both stable income and future upside through targeted capital improvements, operational efficiencies, and potential rent growth. Its vintage construction may allow for a value-add approach while maintaining durable fundamentals. The asset represents an opportunity to acquire scale, zoning certainty, and long-term multifamily viability within a single property.
Key Highlights
- Immediate scale with 60 residential units in a single building.
- Established rental market in Delray, South Florida.
- RM – Multiple Family (Medium) zoning provides flexibility and reduces entitlement risk.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$783,897
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,677,940
$15.7M
Cap Rate 7%
$11,198,529
$11.2M
Cap Rate 9%
$8,709,967
$8.7M
Market Conditions
NOI Build-Up for 51,300 SF
Gross rent
$1.51M $29.40/SF
− Vacancy
−$83.0K −$1.62/SF
EGI
$1.43M $27.78/SF
− OpEx
−$641.4K −$12.50/SF
NOI
$783.9K $15.28/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,677,940
Cap Rate 7%
$11,198,529
Cap Rate 9%
$8,709,967
Alternative Uses
Best Use
Apartment 5plus
$11.20M
$9.80M – $13.06M
NOI $783,897 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$36.13M
$31.61M – $42.15M
NOI $2,528,983 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,723
Businesses Nearby
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Business Placement
Demographics for 33444, FL
22,671
Population
10,469
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
84%
High-School Grad
5.0 sq mi
ZIP Area
4,534
Density / Sq Mi
$74,803
Median Household Income
$37,915
Median Earnings
$1,712
Median Rent
$425,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Palm Beach County, FL
Properties on Market for Apartment buildings in Palm Beach County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Garden-style multifamily asset with 60 units in Delray Beach.
Where is this apartment building located?
The property is located at 1100 SW 4th Ave Delray Beach, FL.
What is the asking price?
The asking price for this property is $18,250,000.
What are key features of this property?
This property features: Immediate scale with **60 residential units in a single building.**; Established rental market in Delray, South Florida.; RM – Multiple Family (Medium) zoning provides flexibility and reduces entitlement risk.
