400 NE 2nd Street, Boynton Beach, FL 33435
MULTI_FAMILY - Boynton Beach, FL
- Added:
- Feb 27, 2026
- Days on Market:
- 113
- Last Refresh:
- Jun 20 at 1:06 am
Property Features for 400 NE 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2 (city)
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 3, Bathroom 1
- Window features
- Blinds
- Patio and Porch features
- Porch, Patio
- Pets allowed
- No
- Exterior features
- Lighting
- Fencing
- Fenced
- Standard status
- Active
- APN
- 08434521050000250
- Size
- 2,503 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- C W COPPS ADD LTS 25~ 27 & 29
- Tax Annual Amount
- 10370
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Ceiling Fan(s), Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Block, CBS, Concrete, Concrete Block - With Stucco, Stucco
- Roof type
- Shingle, Composition
Listing agent Brandon Tillemans License #3466853 (954) 805-0906
Listing office Douglas Elliman 450 E LAS OLAS BLVD STE 140 SUITE 140, Palm Beach, FL (954) 874-0740
Listing date Feb 27, 2026
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.
HighLights
- Income‑producing duplex with two 2‑bedroom, 2‑bath units across from the City Hall & Library Complex in downtown Boynton Beach
- Both units updated in 2017 with renovated kitchens, bathrooms, flooring, appliances, and central A/C systems
- Each unit has a private outdoor patio; shared laundry area includes a newer washer and dryer
- Oversized, fenced lot with ample parking; driveway re‑asphalted and striped in 2022
- No HOA; public water and public sewer; electric central heating and central air
- Block/CBS construction with stucco, shingle/composition roof, and tile flooring
Overview
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 | $63.1k | $25.20 |
| − Vacancy | −$3.5k | −$1.39 |
| EGI | $59.6k | $23.81 |
| − OpEx | −$17.9k | −$7.14 |
| NOI | $41.7k | $16.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Boynton Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.061327
- Latitude
- 26.529909
