Updated Duplex With Bonus
For Sale
$899,000
27 NW 14TH Avenue, Delray Beach, FL 33444
Two residential units and a bonus area provide multiple occupancy and rental configurations.
Property Size2,386 SF
Price / SF$376.78
Days on Market51
Property Features for 27 NW 14TH Avenue
General Information
Standard status
Active
Size
2,386 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,951
Building Details
Building Size
2,386 SF
Year Built
1962
Buildings
1
Listing Agency:
Keller Williams Realty Service
Listed By:
Patricia Ricco · License #3580239
(561) 797-2159
Source:
Pamandtoni
Added: Sep 16
Changed: Nov 5
Last Checked: Nov 4 at 9:48PM
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 Keller Williams Realty Service
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Investment Insights
Based on property information with market context.
This recently updated duplex contains two residential units along with a bonus space that could potentially function as an additional unit. The property has a new roof and impact windows installed in 2022, and it is situated on a private street without HOA restrictions.
Both units have earned Super-Host recognition on rental platforms. The property is located just off Atlantic Avenue in Delray Beach, providing a South Florida setting near the city’s established commercial corridor.
Both units have earned Super-Host recognition on rental platforms. The property is located just off Atlantic Avenue in Delray Beach, providing a South Florida setting near the city’s established commercial corridor.
Key Highlights
- Two‑unit duplex with additional bonus space
- New roof and impact windows installed in 2022
- No HOA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,774
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,480
$795.5K
Cap Rate 7%
$568,200
$568.2K
Cap Rate 9%
$441,933
$441.9K
Market Conditions
NOI Build-Up for 2,386 SF
Gross rent
$60.1K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$56.8K $23.81/SF
− OpEx
−$17.0K −$7.14/SF
NOI
$39.8K $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%
$795,480
Cap Rate 7%
$568,200
Cap Rate 9%
$441,933
Alternative Uses
Best Use
Multifamily LT 5
$568.2K
$497.2K – $662.9K
NOI $39,774 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$524.2K
$458.7K – $611.6K
NOI $36,695 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,625 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,475
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units and a bonus area provide multiple occupancy and rental configurations.
Where is this duplex located?
The property is located at 27 NW 14TH Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑unit duplex with additional bonus space; New roof and impact windows installed in 2022; No HOA
