Duplex with Private
For Sale
$724,998
400 NE 2nd Street, Boynton Beach, FL 33435
MULTI_FAMILY - Boynton Beach, FL
Property Size2,503 SF
Lot Size0.27 Acres
Price / SF$289.65
Days on Market158
Property Features for 400 NE 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2 (city)
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4
Window features
Blinds
Patio and Porch features
Porch, Patio
Pets allowed
No
Exterior features
Lighting
Fencing
Fenced
Subdivision
COPPS C W ADD TO BOYNTON
Elementary school
Forest Park
Middle school
Congress
High school
Boynton Beach
Directions
I-95 east on Boynton Beach Blvd, left on 2nd Street, Duplex is on the right side of the street next to the vacant lot.
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
Legal Description
C W COPPS ADD LTS 25~ 27 & 29
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Public
Amenities
private patio
shared laundry
fenced lot
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 Agency:
Douglas Elliman
(954) 874-0740
Listed By:
Brandon Tillemans · License #3466853
(954) 805-0906
Added: Feb 27
Changed: Jul 31
Last Checked: Aug 4 at 6:06AM
MLS# F10555287
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 duplex includes two spacious 2-bedroom, 2-bath units, each with a private outdoor patio. The property was updated in 2017, including renovated kitchens and bathrooms, new flooring, updated appliances, and central A/C systems for each unit. A shared laundry area includes a newer washer and dryer. The oversized, fenced lot is set up for parking, and the driveway was re-asphalted and striped in 2022. There is no HOA.
Built in 1975 with block construction and stucco exterior materials, the home features tile flooring and a shingle/composition roof. Utilities include public water and public sewer. The duplex is positioned within Boynton Beach’s downtown redevelopment district, directly across from the newly completed City Hall & Library Complex, and is near I-95 and Ocean Ave, with convenient access to downtown Boynton Beach and the beach.
Built in 1975 with block construction and stucco exterior materials, the home features tile flooring and a shingle/composition roof. Utilities include public water and public sewer. The duplex is positioned within Boynton Beach’s downtown redevelopment district, directly across from the newly completed City Hall & Library Complex, and is near I-95 and Ocean Ave, with convenient access to downtown Boynton Beach and the beach.
Key Highlights
- Two 2‑bedroom, 2‑bath units, each with a private outdoor patio
- Updates in 2017: renovated kitchens and bathrooms, flooring, appliances, and central A/C systems
- Shared laundry with newer washer and dryer
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 |
2,503 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$596.1K
$521.6K – $695.4K
NOI $41,725 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$549.9K
$481.2K – $641.6K
NOI $38,494 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,393 @ 7.0% cap · market cap 17.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,255
Businesses Nearby
Explore this area
Business Placement
Demographics for 33435, FL
37,318
Population
20,058
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
5,741
Density / Sq Mi
$66,612
Median Household Income
$35,488
Median Earnings
$1,846
Median Rent
$306,900
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 - R2-zoned duplex with two updated 2-bedroom, 2-bath units, each with a private patio.
Where is this duplex located?
The property is located at 400 NE 2nd Street Boynton Beach, FL.
What is the asking price?
The asking price for this property is $724,998.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath units, each with a private outdoor patio; Updates in 2017: renovated kitchens and bathrooms, flooring, appliances, and central A/C systems; Shared laundry with newer washer and dryer
