Income-Producing Duplex
For Sale
Contact for pricing
140 SW 14th Avenue, Boynton Beach, FL 33435
Own a duplex with one occupied unit and one currently available unit, offering flexible rental or owner-occupant use.
Property Size1,811 SF
Price / SF$320.27
Days on Market140
Property Features for 140 SW 14th Avenue
General Information
Standard status
Active
Size
1,811 SF
Property subtype
Multifamily
Zoning
R1A
Building Details
Year Built
1958
Listing Agency:
Ozment Realty, Inc.
(561) 763-2578
Listed By:
Priscilla Melendrez · License #3465501
Source:
Crexi
Added: Mar 26
Changed: Aug 8
Last Checked: Jun 20 at 4:29AM
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 Ozment Realty, Inc.
Investment Insights
Based on property information with market context.
This duplex offers two separate residential units configured as a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit. The 2-bedroom unit is currently occupied, creating immediate rental continuity, while the 1-bedroom unit is available, allowing a buyer to pursue additional rental income or consider owner occupancy. Showings are available by appointment, and offers require proof of funds or pre-approval.
Located in Boynton Beach, the property is described as being just minutes from the beach and close to shopping, dining, and major highways, supporting convenient day-to-day access for tenants and residents.
For investors, the current occupancy in one unit combined with the available second unit provides an option to stabilize income and then lease the remaining space as desired. For buyers who want to live on-site, the layout supports a practical live-in arrangement with an additional unit that can be rented out, depending on the buyer’s plans for the 1-bedroom unit.
Located in Boynton Beach, the property is described as being just minutes from the beach and close to shopping, dining, and major highways, supporting convenient day-to-day access for tenants and residents.
For investors, the current occupancy in one unit combined with the available second unit provides an option to stabilize income and then lease the remaining space as desired. For buyers who want to live on-site, the layout supports a practical live-in arrangement with an additional unit that can be rented out, depending on the buyer’s plans for the 1-bedroom unit.
Key Highlights
- 1958‑built duplex with two separate units
- 2‑bed, 1‑bath unit currently occupied
- 1‑bed, 1‑bath unit available for rental or owner occupancy
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
$30,189
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
5.21%
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%
$603,780
$603.8K
Cap Rate 7%
$431,271
$431.3K
Cap Rate 9%
$335,433
$335.4K
Market Conditions
NOI Build-Up for 1,811 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
$45.6K $25.20/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$43.1K $23.81/SF
− OpEx
−$12.9K −$7.14/SF
NOI
$30.2K $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%
$603,780
Cap Rate 7%
$431,271
Cap Rate 9%
$335,433
Alternative Uses
Best Use
Multifamily LT 5
$431.3K
$377.4K – $503.2K
NOI $30,189 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$397.9K
$348.2K – $464.2K
NOI $27,852 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,279 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,090
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 - Own a duplex with one occupied unit and one currently available unit, offering flexible rental or owner-occupant use.
Where is this duplex located?
The property is located at 140 SW 14th Avenue Boynton Beach, FL.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 1958‑built duplex with two separate units; 2‑bed, 1‑bath unit currently occupied; 1‑bed, 1‑bath unit available for rental or owner occupancy
