Updated Duplex With Bonus
New
For Sale
$899,000
27 NW 14TH Avenue, Delray Beach, FL 33444
Residential Income, Delray Beach, FL
Property Size2,386 SF
Lot Size0.16 Acres
Price / SF$376.78
Days on Market7
Property Features for 27 NW 14TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-1-A (city)
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Window features
Storm Window(s)
Pets allowed
No, Yes
Exterior features
Garden
Fencing
Privacy
Subdivision
ODMANNS
Standard status
Active
APN
12434617280010230
Size
2,386 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ODMANNS SUB LOT 23 BLK 1
Tax Annual Amount
13951
Legal Description
ODMANNS SUB LOT 23 BLK 1
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1962
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile, Vinyl
Listing Agency:
Keller Williams Realty Service
(561) 245-4000
Listed By:
Patricia Ricco · License #3580239
(561) 797-2159
Added: Sep 16
Changed: Sep 21
Last Checked: Sep 22 at 4:06PM
MLS# B26077059
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,386-square-foot duplex sits on a 0.16-acre lot in Delray Beach and includes two updated residential units. One unit has two bedrooms and one bathroom, while the second is configured as a studio. A bonus area adds flexibility and may potentially function as a separate unit. The property was built in 1962 and has vinyl, wood, and tile flooring, central heating, central air, ceiling fans, privacy fencing, and garden space.
The property is located on NW 14th Avenue, just off Atlantic Avenue, with public water and public sewer service. It is zoned R-1-A by the city and includes a 2022 roof and impact windows. Both units have been used on rental platforms and have received Super-Host recognition. There is no HOA, and the property includes a private-street setting in Delray Beach, Florida.
The property is located on NW 14th Avenue, just off Atlantic Avenue, with public water and public sewer service. It is zoned R-1-A by the city and includes a 2022 roof and impact windows. Both units have been used on rental platforms and have received Super-Host recognition. There is no HOA, and the property includes a private-street setting in Delray Beach, Florida.
Key Highlights
- 2,386‑square‑foot duplex on a 0.16‑acre lot
- Two updated units: one 2‑bedroom, 1‑bath unit and one studio
- Bonus space may potentially function as a separate unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,774
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,475
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two rental units offer a two-bedroom layout and a separate studio configuration.
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: 2,386‑square‑foot duplex on a 0.16‑acre lot; Two updated units: one 2‑bedroom, 1‑bath unit and one studio; Bonus space may potentially function as a separate unit
