Updated Duplex with Bonus
27 NW 14TH Avenue, Delray Beach, FL 33444
For Sale
$899,000
Residential Income, Delray Beach, FL
Property Size2,386 SF
Lot Size0.16 Acres
Price / SF$376.78
Days on Market52
Property Features for 27 NW 14TH Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Window features
Pets allowed
Exterior features
Fencing
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Listing Agency:
Keller Williams Realty Service
(561) 245-4000
Listed By:
Patricia Ricco · License #3580239
(561) 797-2159
Added: Sep 16
Changed: Nov 6
Last Checked: Nov 6 at 10:06PM
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.
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Investment Insights
Based on property information with market context.
This 2,386-square-foot duplex contains two updated units: one with 2 bedrooms and 1 bathroom, and another described as a studio and 1-bedroom, 1-bath configuration. A separate bonus area is identified as potential space for a 2-bedroom, 1-bath unit. The property has central heating and air conditioning, a garden, and privacy fencing. The roof and impact windows were installed in 2022. The property was built in 1962 and has no HOA.
Set on 0.16 acres in Delray Beach, the duplex is just off Atlantic Avenue. City zoning is R-1-A. Public water and sewer serve the property.
Set on 0.16 acres in Delray Beach, the duplex is just off Atlantic Avenue. City zoning is R-1-A. Public water and sewer serve the property.
Key Highlights
- Two rental units in an updated duplex
- 2,386 square feet on a 0.16‑acre lot
- Separate bonus area noted for potential 2‑bedroom, 1‑bath unit
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.
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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
$425,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Delray Beach, FL
Properties on Market for Duplexes in Delray Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two rental units and additional space offer flexibility under city R-1-A zoning, with no HOA.
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 rental units in an updated duplex; 2,386 square feet on a 0.16‑acre lot; Separate bonus area noted for potential 2‑bedroom, 1‑bath unit
