204 NW 1st St, Boynton Beach, FL 33435
Turnkey duplex with two renovated 3-bedroom units, each with in-unit laundry and outdoor space.
- Added:
- Jun 3, 2026
- Days on Market:
- 19
- Last Refresh:
- Jun 20 at 2:44 am
Property Features for 204 NW 1st St
General Information
- Standard status
- Active
- Size
- 3,324 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing agent Paul Jacques License #3187171
Listing office Xcellence
Listing date Jun 3, 2026
Source Crexi
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
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
- Unit 208 includes a private fenced backyard; Unit 204 includes a screened‑in porch
- Ample parking with a covered carport and a spacious front driveway
- About 1 mile from the beach and directly across from Boynton Beach City Hall
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Boynton Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0656591
- Latitude
- 26.5281945
