Remodeled Duplex with Two 3BR
For Sale
Contact for pricing
204 NW 1st St, Boynton Beach, FL 33435
Turnkey duplex with two renovated 3-bedroom units, each with in-unit laundry and outdoor space.
Property Size3,324 SF
Price / SF$308.36
Days on Market65
Property Features for 204 NW 1st St
General Information
Standard status
Active
Size
3,324 SF
Property subtype
Multifamily
Additional Details
Business Included
Yes
Fenced Yard
Yes
Multifamily Units
2
Building Details
Year Built
1960
Year Renovated
2022
Tenancy
Multi
Listing Agency:
Xcellence
Listed By:
Paul Jacques · License #3187171
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Aug 4 at 2:29PM
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 Xcellence
Investment Insights
Based on property information with market context.
This beautifully remodeled duplex is configured as two mirrored 3-bedroom, 2-bath units. Upgrades include a 2022 roof, fully renovated kitchens, bathrooms, and bedrooms, along with new appliances and exterior improvements. Each unit is set up for day-to-day convenience with its own washer, dryer, and water heater. The property also features ample parking, including a covered carport and a spacious front driveway. Outdoor space is built into both units: Unit 208 offers a private fenced backyard, while Unit 204 includes a screened-in porch.
Located just 1 mile from the beach, the property sits directly across from Boynton Beach City Hall. It also benefits from proximity to restaurants, shopping, entertainment, and major transportation routes, supporting a convenient, tenant-friendly lifestyle.
The layout and improvements make this duplex a strong fit for investors seeking an income-producing rental setup or owner-occupants interested in living in one unit while renting the other. With turnkey interior finishes and unit-level laundry and hot water, the home is positioned for use across common rental strategies, including long-term or short-term occupancy.
Located just 1 mile from the beach, the property sits directly across from Boynton Beach City Hall. It also benefits from proximity to restaurants, shopping, entertainment, and major transportation routes, supporting a convenient, tenant-friendly lifestyle.
The layout and improvements make this duplex a strong fit for investors seeking an income-producing rental setup or owner-occupants interested in living in one unit while renting the other. With turnkey interior finishes and unit-level laundry and hot water, the home is positioned for use across common rental strategies, including long-term or short-term occupancy.
Key Highlights
- Remodeled duplex built in 1960 with two mirrored 3‑bedroom, 2‑bath units
- Each unit has in‑unit washer/dryer and its own water heater
- Recent upgrades include a 2022 roof and fully renovated kitchens, bathrooms, and bedrooms
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.8k | $25.20 |
| − Vacancy | −$4.6k | −$1.39 |
| EGI | $79.2k | $23.81 |
| − OpEx | −$23.7k | −$7.14 |
| NOI | $55.4k | $16.67 |
3,324 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$791.6K
$692.6K – $923.5K
NOI $55,410 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$730.3K
$639.0K – $852.0K
NOI $51,121 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,866 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,376
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 - Turnkey duplex with two renovated 3-bedroom units, each with in-unit laundry and outdoor space.
Where is this duplex located?
The property is located at 204 NW 1st St Boynton Beach, FL.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Remodeled duplex built in 1960 with two mirrored 3‑bedroom, 2‑bath units; Each unit has in‑unit washer/dryer and its own water heater; Recent upgrades include a 2022 roof and fully renovated kitchens, bathrooms, and bedrooms
