Duplex with Private Fenced
New
For Sale
$849,500
3125 Albatross Road, Delray Beach, FL 33444
Each residence includes an updated kitchen, in-unit laundry, and a patio.
Property Size1,978 SF
Lot Size0.26 Acres
Price / SF$429.47
Days on Market5
Property Features for 3125 Albatross Road
General Information
Standard status
Active
Size
1,978 SF
Total Parking Spaces
6
Lot size
0.26 Acres
Property subtype
Multi-Family
Zoning
RM
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
in-unit washer and dryer
private fenced backyard and patio
central air
Building Details
Year Built
1975
Construction
concrete-block
Listing Agency:
United Realty Group, Inc
Listed By:
William Seery · License #276537152
(561) 826-9333
Source:
Kesselluxury
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 12 at 5:18PM
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 United Realty Group, Inc
Investment Insights
Based on property information with market context.
This 1,978-square-foot duplex contains two 2-bedroom, 2-bath residences. Both have updated kitchens, tile flooring, in-unit washers and dryers, and private fenced yards with patios. The property also features central air, concrete-block construction, hurricane windows, separate electric meters, and parking for 6 vehicles. Unit A is expected to be vacant at closing; Unit B is leased. The 0.26-acre property is zoned RM and lies in Flood Zone X.
Located in the Tropic Palms area of Delray Beach, the property has no HOA and a gated side drive suitable for RV or boat parking. It is just off US-1 and Linton Boulevard, approximately 2 miles from the beach, with Trader Joe’s, Target, and Linton Boulevard shopping nearby. Atlantic Avenue is a short drive away. Built in 1975.
Located in the Tropic Palms area of Delray Beach, the property has no HOA and a gated side drive suitable for RV or boat parking. It is just off US-1 and Linton Boulevard, approximately 2 miles from the beach, with Trader Joe’s, Target, and Linton Boulevard shopping nearby. Atlantic Avenue is a short drive away. Built in 1975.
Key Highlights
- Two 2‑bedroom, 2‑bath residences; 1,978 square feet total
- 0.26‑acre lot with parking for 6 vehicles and gated side drive
- Updated kitchens, tile floors, in‑unit laundry, and private fenced yards with patios
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,973
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,460
$659.5K
Cap Rate 7%
$471,043
$471.0K
Cap Rate 9%
$366,367
$366.4K
Market Conditions
NOI Build-Up for 1,978 SF
Gross rent
$49.8K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$47.1K $23.81/SF
− OpEx
−$14.1K −$7.14/SF
NOI
$33.0K $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%
$659,460
Cap Rate 7%
$471,043
Cap Rate 9%
$366,367
Alternative Uses
Best Use
Multifamily LT 5
$471.0K
$412.2K – $549.6K
NOI $32,973 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$434.6K
$380.3K – $507.0K
NOI $30,420 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,511 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
886
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes an updated kitchen, in-unit laundry, and a patio.
Where is this duplex located?
The property is located at 3125 Albatross Road Delray Beach, FL.
What is the asking price?
The asking price for this property is $849,500.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath residences; 1,978 square feet total; 0.26‑acre lot with parking for 6 vehicles and gated side drive; Updated kitchens, tile floors, in‑unit laundry, and private fenced yards with patios
