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New Construction 5-Unit Multifamily

280 NE 6th Avenue, Delray Beach, FL 33483

For Sale
$2,890,000

Proposed 5-unit apartment building with permits and architectural drawings submitted, awaiting final approval before construction.

Property SizeContact for details
Days on Market336

Property Features for 280 NE 6th Avenue

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $22,422

Building Details

Year Built 1950
Listing Agency: Beautiful Homes Realty Inc
Listed By: Shakie J Iskandarian · License FL #3182857
Source: Meyerlucas
Added: Dec 10, 2025 Changed: Oct 31 Last Checked: Nov 8 at 1:58PM

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 Beautiful Homes Realty Inc

Rey
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Investment Insights

Based on property information with market context.

This is a proposed new construction 5-unit multifamily/apartment building. The offering notes that permits and architectural drawings have been submitted and are awaiting final approval prior to construction beginning.

The property is located at 280 NE 6th Avenue in Delray Beach, Florida, and the remarks indicate it is within walking distance of Atlantic Avenue, beaches, restaurants, and shopping.

As presented, the key redevelopment status is pre-construction, with administrative review underway before any ground-breaking takes place.

Key Highlights

  • Proposed 5‑unit apartment building with permits and architectural drawings submitted, awaiting final approval before construction
  • Zoned CBD
  • Central air cooling

Property Analytics

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Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

3,666
Businesses Nearby

Demographics for 33483, FL

13,103
Population
9,493
Households
1.4
Avg Household Size
59
Median Age
57%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
3,448
Density / Sq Mi
$117,854
Median Household Income
$60,502
Median Earnings
$2,306
Median Rent
$755,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Palm Beach County, FL

$814 Jul
$516 Aug
$675 Sep
$663 Oct

Properties on Market for Apartment buildings in Palm Beach County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Proposed 5-unit apartment building with permits and architectural drawings submitted, awaiting final approval before construction.
Where is this apartment building located?
The property is located at 280 NE 6th Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $2,890,000.
What are key features of this property?
This property features: Proposed 5‑unit apartment building with permits and architectural drawings submitted, awaiting final approval before construction; Zoned CBD; Central air cooling
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