Boca Raton Income-Producing
314 SW 1st Street Boca Raton, FL 33432
For Sale
$795,000
Pending
MULTI_FAMILY - Boca Raton, FL
Property Size1,484 SF
Lot Size0.22 Acres
Days on Market94
Property Features for 314 SW 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2 (city)
Bedrooms
3
Rooms
Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Patio and Porch features
Patio
Pets allowed
Yes, No
Standard status
Pending
APN
06434730020080021
Size
1,484 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BOCA RATONE HEIGHTS W 1/2 OF LT 2 & LT 3 BLK 8
Tax Annual Amount
6208
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Ceiling Fan(s), Wall/Window Unit(s), Window Unit(s)
Water source
Well, Public
Building Details
Year built
1958
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
CBS, Stucco
Roof type
Flat
Listing Agency:
Compass Florida LLC
(561) 285-4283
Listed By:
Laura E Trebatch · License #3230332
(561) 886-8072
Added: Apr 25
Changed: Jul 24
Last Checked: Jul 27 at 10:06AM
MLS# B26020212
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 income-producing duplex is located in a desirable area, minutes from downtown Boca Raton, beaches, and local parks. The property features two units: one with 2 bedrooms and 2 bathrooms, and the other with 1 bedroom and 1 bathroom. A shared washer and dryer serves both units. The property provides ample parking. A new roof was installed in 2024, and the kitchens have been renovated. Both units feature tile flooring throughout and are currently occupied by long-term tenants, providing a stable income stream. The property is situated close to the proposed 30-acre redevelopment project near Palmetto Park Road and the Brightline station, which plans to include a new city hall, community center, dining, and retail shops. The property is zoned R2 (city) and sits on a 0.22-acre lot. The building size is 1484 square feet.
Key Highlights
- Duplex built in 1958 with two units: one 2BR/2BA and one 1BR/1BA
- New flat roof installed in 2024
- Renovated kitchens and tile flooring throughout both units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.4k | $25.20 |
| − Vacancy | −$2.1k | −$1.39 |
| EGI | $35.3k | $23.81 |
| − OpEx | −$10.6k | −$7.14 |
| NOI | $24.7k | $16.67 |
1,484 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex near downtown Boca, beaches, and parks.
Where is this duplex located?
The property is located at 314 SW 1st Street 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: Duplex built in 1958 with two units: one 2BR/2BA and one 1BR/1BA; New flat roof installed in 2024; Renovated kitchens and tile flooring throughout both units
