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8-Unit Apartment Building
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242 NE 12th St, Delray Beach, FL 33444

Two-building multifamily property with central air conditioning, impact windows, laundry, parking, and a tenant lounge with patio.

Property SizeContact for details
Days on Market142

Property Features for 242 NE 12th St

General Information

Standard status Active
Property subtype Multifamily

Units

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

Amenities

coin operated laundry
impact windows
central a/c
off street tenant parking
lounge/patio

Building Details

Buildings 2
Listing Agency: ONE Commercial Real Estate
Listed By: Alexis Shapiro · License #3346131
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 12:00PM

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 ONE Commercial Real Estate

Investment Insights

Based on property information with market context.

This 8-unit multifamily property is arranged across two buildings and includes four two-bedroom, one-bath units and four one-bedroom units. Property features include central air conditioning, impact windows, coin-operated laundry, and off-street parking designated for tenants. A lounge and patio provide additional common-area space.

The property is located at 242 NE 12th St in Delray Beach, minutes from downtown Atlantic Avenue and area beaches. The existing configuration offers a mix of unit sizes within a compact two-building layout, supported by on-site laundry and tenant parking.

Key Highlights

  • 8 units across two buildings
  • Unit mix includes four 2BR/1BA units and four 1BR units
  • Central air conditioning and impact windows

Property Analytics

Current Use

Courtney Scott Medical School

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Food Market Storage Facility Pharmacy Catering Service

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

1,025
Businesses Nearby

Demographics for 33444, FL

22,671
Population
10,469
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
84%
High-School Grad
5.0 sq mi
ZIP Area
4,534
Density / Sq Mi
$74,803
Median Household Income
$37,915
Median Earnings
$1,712
Median Rent
$425,200
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 - Two-building multifamily property with central air conditioning, impact windows, laundry, parking, and a tenant lounge with patio.
Where is this apartment building located?
The property is located at 242 NE 12th St Delray Beach, FL.
What are key features of this property?
This property features: 8 units across two buildings; Unit mix includes four 2BR/1BA units and four 1BR units; Central air conditioning and impact windows
(305) 666-0562 Call to check price and availability
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