Residential Income
For Sale
$479,999
510 NE 2nd St, Boynton Beach, FL 33435
Built in 1956, the property has a Bike Score of 56 and a Bikeable rating.
Property Size1,475 SF
Days on Market10
Property Features for 510 NE 2nd St
General Information
Standard status
Active
Size
1,475 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$3,769
Building Details
Building Size
1,475 SF
Year Built
1956
Stories
1
Units
4
Listing Agency:
Preferred Properties Int'l Rea
Listed By:
Tiwana D Holmes · License #3345100
(561) 654-1588
Source:
Elliman
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 19 at 7:57AM
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 Preferred Properties Int'l Rea
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Investment Insights
Based on property information with market context.
This residential income property in Boynton Beach was built in 1956. Its Bike Score is 56, with a Bikeable rating; its Walk Score is 42, categorized as Car-Dependent.
Key Highlights
- Built in 1956
- Bike Score of 56; rated Bikeable
- Walk Score of 42; categorized as Car‑Dependent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,684
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,680
$453.7K
Cap Rate 7%
$324,057
$324.1K
Cap Rate 9%
$252,044
$252.0K
Market Conditions
NOI Build-Up for 1,475 SF
Gross rent
$43.2K $29.28/SF
− Vacancy
−$1.9K −$1.32/SF
EGI
$41.2K $27.96/SF
− OpEx
−$18.6K −$12.58/SF
NOI
$22.7K $15.38/SF
Area
Palm Beach County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,680
Cap Rate 7%
$324,057
Cap Rate 9%
$252,044
Alternative Uses
Best Use
Apartment 5plus
$324.1K
$283.6K – $378.1K
NOI $22,684 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$908.9K – $1.21M
NOI $72,714 @ 7.0% cap · market cap 15.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1956, the property has a Bike Score of 56 and a Bikeable rating.
Where is this residential income property located?
The property is located at 510 NE 2nd St Boynton Beach, FL.
What is the asking price?
The asking price for this property is $479,999.
What are key features of this property?
This property features: Built in 1956; Bike Score of 56; rated Bikeable; Walk Score of 42; categorized as Car‑Dependent
