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8-Unit Multifamily Property
For Sale
Contact for pricing
Pending

1850 Palm Trail, Delray Beach, FL 33483

Income-producing building with a varied unit mix, on-site parking, and annual and month-to-month leases.

Property SizeContact for details
Days on Market143

Property Features for 1850 Palm Trail

General Information

Standard status Pending
Total Parking Spaces 16
Property subtype Multifamily

Units

Unit Mix 4 x 2BR/2BA, 4 x 1BR/1BA
Multifamily Units 8

Building Details

Buildings 1
Listing Agency: Korman Realty
Listed By: Michael Korman · License #BK3316647
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 2:15PM

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 Korman Realty

Investment Insights

Based on property information with market context.

This multifamily property at 1850 Palm Trail includes eight residences arranged as four 2-bedroom, 2-bath units and four 1-bedroom, 1-bath units. Six units are occupied, with a combination of annual and month-to-month lease terms. The property sits on over .40 acres and provides 16 parking spaces.

The address is in East Delray Beach, near Downtown Delray’s Atlantic Ave. Multi-million-dollar estates are adjacent to the property, adding established residential context along Palm Trail.

Key Highlights

  • Eight‑unit configuration with four 2‑bedroom/2‑bath units and four 1‑bedroom/1‑bath units
  • Six of Eight units occupied
  • Over .40 acres in East Delray Beach

Property Analytics

Current Use

Chanchie’s Ice Creamy Grocery & Convenience Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Cafe & Coffee Shop Grocery & Convenience Store Law Firm Locksmith

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

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

526
Businesses Nearby

Demographics for 33483, FL

13,103
Population
9,493
Households
1.4
Avg Household Size
59
Median Age
57%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
3,448
Density / Sq Mi
$117,854
Median Household Income
$60,502
Median Earnings
$2,306
Median Rent
$755,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Income-producing building with a varied unit mix, on-site parking, and annual and month-to-month leases.
Where is this apartment building located?
The property is located at 1850 Palm Trail Delray Beach, FL.
What are key features of this property?
This property features: Eight‑unit configuration with four 2‑bedroom/2‑bath units and four 1‑bedroom/1‑bath units; Six of Eight units occupied; Over .40 acres in East Delray Beach
(954) 598-3277 Call to check price and availability
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