Boynton Beach Multifamily Investment
215 S Seacrest Blvd, Boynton Beach, FL 33435
Well-located 8-unit multifamily property in Boynton Beach, Florida.
Type:Multifamily
Property size:
6,624 SFLot size:
0.43 AcresPrice / SF:
$294/SF- Added:
- Mar 10, 2026
- Days on Market:
- 68
- Last Refresh:
- Mar 19 at 10:22 pm
Property Features for 215 S Seacrest Blvd
General Information
- Standard status
- Active
- Size
- 6,624 SF
- Lot size
- 0.43 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1935
Listing agent Evan Richardson License #FL SL3134745
Listing office Marcus & Millichap - Fort Lauderdale
Listing date Mar 10, 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 Marcus & Millichap - Fort Lauderdale
HighLights
- Strategic location near Boynton Beach Town Square project and The Villages mixed‑use development.
- Upgraded units feature granite or quartz countertops and stainless‑steel appliances.
- Convenient access to Interstate‑95 and Boynton’s retail and employment corridors.
- Features eight large two‑bedroom apartments.
- On‑site coin‑operated laundry provides additional income.
- Well‑located multifamily property poised for growth.
Overview
Seacrest Apartments is an 8-unit multifamily property located at 215 S Seacrest Boulevard and 107 SW 2nd Avenue in Boynton Beach, Florida. The property is positioned on 0.43 acres and consists of eight two-bedroom/one-bathroom apartments with generous floorplans. Constructed in 1935 with wood frame construction, the asset is equipped with central air conditioning. Each unit has been upgraded with contemporary finishes including granite or quartz countertops, undermount sinks, and stainless-steel appliances. The property also features on-site coin-operated laundry with two washers and dryers. Seacrest Apartments is located three blocks south of Boynton Beach Boulevard off Seacrest Boulevard, offering access to Interstate-95 (0.7 miles) and Boynton’s retail and employment corridors. Directly across the street from the south parcel is the Boynton Beach Town Square project, a mixed-use redevelopment including 898 residential units, 23,625 square feet of commercial space, and structured parking exceeding 1,000 spaces. The Villages mixed-use development, located at 405 E. Ocean Avenue, is underway and will deliver approximately 336 residential rental apartments, 668 structured parking spaces, ~8,000 square feet of retail and restaurant space, and multiple community plazas with pedestrian connections between Boynton Beach Boulevard and Ocean Avenue. The property size is 6,624 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.13M
NOI $101,873 @ 9.00% cap · cautious / downside scenario
Moderate
$1.46M
NOI $101,873 @ 7.00% cap · market / base-case scenario
Aggressive
$2.04M
NOI $101,873 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.0k | $29.28 |
| − Vacancy | −$8.7k | −$1.32 |
| EGI | $185.2k | $27.96 |
| − OpEx | −$83.4k | −$12.58 |
| NOI | $101.9k | $15.38 |
6,624 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.46M
$1.27M – $1.70M
NOI $101,873 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.66M
$4.08M – $5.44M
NOI $326,549 @ 7.0% cap · market cap 16.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Boynton Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0643159
- Latitude
- 26.5256322
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-located 8-unit multifamily property in Boynton Beach, Florida.
Where is this apartment building located?
The property is located at 215 S Seacrest Blvd Boynton Beach, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Strategic location near Boynton Beach Town Square project and The Villages mixed‑use development.; Upgraded units feature granite or quartz countertops and stainless‑steel appliances.; Convenient access to Interstate‑95 and Boynton’s retail and employment corridors.
