Two-Unit Duplex with Private
New
For Sale
$849,500
3125 Albatross Road, Delray Beach, FL 33444
Residential Income, Delray Beach, FL
Property Size1,978 SF
Lot Size0.26 Acres
Price / SF$429.47
Days on Market2
Property Features for 3125 Albatross Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM (city)
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 4
Pets allowed
No, Yes
Exterior features
Storage
Fencing
Fenced, Gate
Subdivision
TROPIC PALMS 1
Lot features
Oversized Lot
Elementary school
Pine Grove
Middle school
Carver Community
High school
Boca Raton
Standard status
Active
APN
12434629020002440
Size
1,978 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TROPIC PALMS PL 1 LOT 244
Tax Annual Amount
11305
Legal Description
TROPIC PALMS PL 1 LOT 244
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Amenities
updated kitchen
tile floors throughout
in-unit washer and dryer
private fenced backyard and patio
central air
hurricane windows
separate electric meters
gated side drive for RV or boat parking
Building Details
Year built
1975
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS, Stucco
Roof type
Shingle
Additional Structures
Outbuilding, Storage
Listing Agency:
United Realty Group, Inc
(561) 235-2127
Listed By:
William Seery Jr · License #3333692
(347) 860-9801
Added: Oct 8
Changed: Oct 9
Last Checked: Oct 9 at 11:06AM
MLS# B26086211
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 1,978-square-foot duplex contains two residences, each with two bedrooms and two bathrooms. Both units feature updated kitchens, tile flooring, in-unit laundry, central air, and separate fenced yards with patios. The building has concrete-block and stucco construction, hurricane windows, separate electric meters, and storage. One unit is expected to be vacant at closing; the other is leased. The property is on a 0.26-acre lot with RM zoning and no HOA.
A gated side drive provides space for RV or boat parking, and the property has parking for six vehicles. Flood Zone X, public water, and public sewer are also noted. The duplex is in Delray Beach, just off US-1 and Linton Boulevard, approximately 2 miles from the beach and a short drive from Atlantic Avenue. Trader Joe’s, Target, and shopping along Linton Boulevard are nearby.
A gated side drive provides space for RV or boat parking, and the property has parking for six vehicles. Flood Zone X, public water, and public sewer are also noted. The duplex is in Delray Beach, just off US-1 and Linton Boulevard, approximately 2 miles from the beach and a short drive from Atlantic Avenue. Trader Joe’s, Target, and shopping along Linton Boulevard are nearby.
Key Highlights
- Two 2‑bedroom, 2‑bath residences in 1,978 square feet
- 0.26‑acre lot with RM zoning and no HOA
- One unit vacant at closing; the second unit is leased
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.
Property Analytics
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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 has its own fenced outdoor area, while a gated side drive accommodates additional vehicle or boat storage.
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 in 1,978 square feet; 0.26‑acre lot with RM zoning and no HOA; One unit vacant at closing; the second unit is leased
