331 NW 1st Avenue, Boynton Beach, FL 33435
Two fully upgraded 2-bedroom units with fenced yards, positioned for short-term rental use near Boynton Beach.
- Added:
- Dec 4, 2025
- Days on Market:
- 199
- Last Refresh:
- Jun 20 at 5:52 am
Property Features for 331 NW 1st Avenue
General Information
- Standard status
- Active
- Size
- 2,750 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1927
Listing agent Ruth Weizman License #3016436
Listing office Realty Home Advisors Inc
Listing date Dec 4, 2025
Source Crexi
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 Realty Home Advisors Inc
HighLights
- Year built 1927 historical non‑legal duplex property in Downtown Boynton Beach, FL
- Two fully upgraded 2‑bedroom townhome units (each with 1 full bath and 1 half bath)
- Fenced yard with each side of the duplex
- Upgrades reportedly included “new everything,” completed over a year
- Designed for short‑term rental use due to no restriction mentioned in the remarks
- Listed as only cash buyer considered
Overview
The property is described as one of the few remaining historical non-legal duplex properties in downtown Boynton Beach. It is located at 331 NW 1st Avenue and is presented as being close to the beach, as well as to restaurants and bars.
According to the remarks, there are no restrictions noted for short-term rentals, including RBNB use, which may appeal to buyers looking for an owner-operated or short-term rental strategy. The listing also specifies that only cash buyers are considered, so financing is not the intended route for this sale. Each side’s layout provides a self-contained townhome arrangement for guest or tenant use while maintaining the duplex structure.
Local 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 | $69.3k | $25.20 |
| − Vacancy | −$3.8k | −$1.39 |
| EGI | $65.5k | $23.81 |
| − OpEx | −$19.6k | −$7.14 |
| NOI | $45.8k | $16.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Boynton Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0684531
- Latitude
- 26.5282261
