Duplex with Fenced
New
For Sale
$925,000
2550 N DIXIE Highway, Boca Raton, FL 33431
Two occupied residences each offer updated kitchens and baths, impact-rated windows and doors, and in-unit laundry.
Property Size1,790 SF
Price / SF$516.76
Days on Market5
Property Features for 2550 N DIXIE Highway
General Information
Standard status
Active
Size
1,790 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,604
Building Details
Building Size
1,790 SF
Year Built
1971
Listing Agency:
Charles Rutenberg Realty FTL
Listed By:
Jeffrey N Smith · License #3262688
(703) 980-5600
Source:
Pamandtoni
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 12:10PM
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 Charles Rutenberg Realty FTL
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Investment Insights
Based on property information with market context.
Built in 1971, this 1,790-square-foot duplex contains two residences, each with two bedrooms and two bathrooms. Both units have updated kitchens and bathrooms, impact windows and doors, in-unit washers and dryers, and screened porches. Each residence also has its own fenced backyard.
The property is east of I-95 in Boca Raton, near Boca Town Center, Mizner Park, FAU, Tri-Rail, and Brightline. Both units are occupied by long-term residents under annual leases.
The property is east of I-95 in Boca Raton, near Boca Town Center, Mizner Park, FAU, Tri-Rail, and Brightline. Both units are occupied by long-term residents under annual leases.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- 1,790‑square‑foot duplex built in 1971
- Both units occupied under annual leases by long‑term residents
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,839
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,780
$596.8K
Cap Rate 7%
$426,271
$426.3K
Cap Rate 9%
$331,544
$331.5K
Market Conditions
NOI Build-Up for 1,790 SF
Gross rent
$45.1K $25.20/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$42.6K $23.81/SF
− OpEx
−$12.8K −$7.14/SF
NOI
$29.8K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,780
Cap Rate 7%
$426,271
Cap Rate 9%
$331,544
Alternative Uses
Best Use
Multifamily LT 5
$426.3K
$373.0K – $497.3K
NOI $29,839 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$393.3K
$344.1K – $458.8K
NOI $27,529 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,243 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,097
Businesses Nearby
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Business Placement
Demographics for 33431, FL
22,047
Population
9,005
Households
2.4
Avg Household Size
33
Median Age
58%
College-Educated
94%
High-School Grad
8.3 sq mi
ZIP Area
2,656
Density / Sq Mi
$103,252
Median Household Income
$23,794
Median Earnings
$2,361
Median Rent
$575,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences each offer updated kitchens and baths, impact-rated windows and doors, and in-unit laundry.
Where is this duplex located?
The property is located at 2550 N DIXIE Highway Boca Raton, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; 1,790‑square‑foot duplex built in 1971; Both units occupied under annual leases by long‑term residents
