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Spacious Compound Near Pineapple Grove
For Sale
$2,700,000

1650 NE 3rd Ave, Delray Beach, FL 33444

Versatile property near downtown Delray, ideal for investment.

Property Size4,360 SF
Price / SF$619.27
Days on Market133

Property Features for 1650 NE 3rd Ave

General Information

Standard status Active
Size 4,360 SF

Building Details

Year Built 1965
Listing Agency: FPB Investment Properties, Inc
Listed By: Roman Fischer · License #3284948
Source: Mymiahomes
Added: Apr 24 Changed: Aug 25 Last Checked: Sep 1 at 10:46PM

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 FPB Investment Properties, Inc

Investment Insights

Based on property information with market context.

This spacious property, exceeding 5000 square feet, is located steps from Pineapple Grove and downtown Delray. The property offers a versatile layout and presents an investment opportunity, potentially suitable for an assisted living facility or short-term rentals. The property includes a total of 5 bedrooms and 5 bathrooms. The original 1960s residence, spanning 1336 square feet, features 2 bedrooms and 2 bathrooms. A 3000+ square foot addition, completed in 2024, includes a 2-car garage, 3 bedrooms, and 3 bathrooms. A newly built pool is centrally located, creating an indoor/outdoor living space. The property is situated on a large lot with room for further development. The existing layout allows for potentially doubling the number of bedrooms. The bike score is 55, indicating bikeable conditions, and the walk score is 66, indicating that the area is somewhat walkable.

Key Highlights

  • Prime location steps from Pineapple Grove and downtown Delray.
  • Spacious 5000+ SF compound with versatile layout.
  • Newly built pool creating functional indoor/outdoor living space.

Property Analytics

Current Use

Assisted living facilities

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Storage Facility Pharmacy Cafe & Coffee Shop

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

Location Intelligence

Trade Area within ½ mile

537
Businesses Nearby
Under-served
Demand for This Use

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Assisted living facility - Versatile property near downtown Delray, ideal for investment.
Where is this assisted living facility located?
The property is located at 1650 NE 3rd Ave Delray Beach, FL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Prime location steps from Pineapple Grove and downtown Delray.; Spacious 5000+ SF compound with versatile layout.; Newly built pool creating functional indoor/outdoor living space.
More about this property
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