Furnished
For Sale
$1,695,000
115 NW 8th Avenue, Delray Beach, FL 33444
Four residences feature open layouts and individual water and electric meters.
Property Size2,944 SF
Lot Size0.40 Acres
Price / SF$575.75
Days on Market27
Property Features for 115 NW 8th Avenue
General Information
Standard status
Active
Size
2,944 SF
Lot size
0.40 Acres
Property subtype
Quadruplex
Additional Details
Furnished
Yes
Utilities to Site
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$20,016
Amenities
custom backyard gazebos
Building Details
Building Size
2,944 SF
Year Built
1960
Buildings
2
Listing Agency:
Compass Florida LLC
Listed By:
Jeffrey Creegan · License #3432383
(561) 939-9819
Source:
Pamandtoni
Added: Sep 24
Changed: Oct 13
Last Checked: Oct 19 at 1:58PM
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 Compass Florida LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential property consists of two duplexes with a combined 2,944 square feet. The units have open layouts, and each is furnished. Separate water and electric meters serve the residences.
The buildings sit on a 130-by-135-foot parcel totaling 17,533 square feet in Delray Beach. The grounds are enclosed and include landscaping and backyard gazebos.
The buildings sit on a 130-by-135-foot parcel totaling 17,533 square feet in Delray Beach. The grounds are enclosed and include landscaping and backyard gazebos.
Key Highlights
- Four units arranged as two duplexes
- 2,944 square feet of building area
- 17,533‑square‑foot lot measuring 130' x 135'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,076
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,520
$981.5K
Cap Rate 7%
$701,086
$701.1K
Cap Rate 9%
$545,289
$545.3K
Market Conditions
NOI Build-Up for 2,944 SF
Gross rent
$74.2K $25.20/SF
− Vacancy
−$4.1K −$1.39/SF
EGI
$70.1K $23.81/SF
− OpEx
−$21.0K −$7.14/SF
NOI
$49.1K $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 Rate 5%
$981,520
Cap Rate 7%
$701,086
Cap Rate 9%
$545,289
Alternative Uses
Best Use
Multifamily LT 5
$701.1K
$613.5K – $817.9K
NOI $49,076 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$646.8K
$566.0K – $754.6K
NOI $45,277 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,133 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,334
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences feature open layouts and individual water and electric meters.
Where is this quadplex located?
The property is located at 115 NW 8th Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Four units arranged as two duplexes; 2,944 square feet of building area; 17,533‑square‑foot lot measuring 130' x 135'
