Renovated Duplex with New
For Sale
$795,000
Pending
314 Sw 1st St, Boca Raton, FL 33432
Two occupied units provide a defined residential income configuration with shared laundry and ample parking.
Property Size1,484 SF
Days on Market131
Property Features for 314 Sw 1st St
General Information
Standard status
Pending
Size
1,484 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,207
Amenities
shared washer and dryer
tile flooring
Listing Agency:
Compass Florida LLC
(305) 851-2820
Listed By:
Laura E Trebatch · License #3230332
(561) 886-8072
Source:
Exprealty
Added: Apr 25
Changed: Aug 30
Last Checked: Aug 31 at 6:47PM
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 Compass Florida LLC
Investment Insights
Based on property information with market context.
This 1,484-square-foot duplex contains two residential units: one with 2 bedrooms and 2 bathrooms, and another with 1 bedroom and 1 bathroom. The property includes a shared washer and dryer, tile flooring throughout both units, renovated kitchens, and a roof installed in 2024. Both residences are occupied by long-standing tenants, and the property provides ample parking.
The duplex is located at 314 SW 1st St in Boca Raton, near downtown Boca, beaches, and local parks. It is also close to the proposed 30-acre redevelopment project near Palmetto Park Road and the Brightline station, with plans described as including city hall, a community center, dining, and retail shops.
The duplex is located at 314 SW 1st St in Boca Raton, near downtown Boca, beaches, and local parks. It is also close to the proposed 30-acre redevelopment project near Palmetto Park Road and the Brightline station, with plans described as including city hall, a community center, dining, and retail shops.
Key Highlights
- Two‑unit duplex totaling 1,484 square feet
- Unit mix includes 2 bedrooms/2 bathrooms and 1 bedroom/1 bathroom
- New roof installed in 2024
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
$24,738
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
3.11%
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%
$494,760
$494.8K
Cap Rate 7%
$353,400
$353.4K
Cap Rate 9%
$274,867
$274.9K
Market Conditions
NOI Build-Up for 1,484 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
$37.4K $25.20/SF
− Vacancy
−$2.1K −$1.39/SF
EGI
$35.3K $23.81/SF
− OpEx
−$10.6K −$7.14/SF
NOI
$24.7K $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%
$494,760
Cap Rate 7%
$353,400
Cap Rate 9%
$274,867
Alternative Uses
Best Use
Multifamily LT 5
$353.4K
$309.2K – $412.3K
NOI $24,738 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$326.0K
$285.3K – $380.4K
NOI $22,823 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.05M
$914.5K – $1.22M
NOI $73,158 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 33432, FL
22,061
Population
14,405
Households
1.5
Avg Household Size
52
Median Age
58%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,796
Density / Sq Mi
$94,375
Median Household Income
$54,481
Median Earnings
$2,226
Median Rent
$943,400
Median Home Value
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 occupied units provide a defined residential income configuration with shared laundry and ample parking.
Where is this duplex located?
The property is located at 314 Sw 1st St Boca Raton, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,484 square feet; Unit mix includes 2 bedrooms/2 bathrooms and 1 bedroom/1 bathroom; New roof installed in 2024
