Quadplex with Garden
510 NE 2nd Street, Boynton Beach, FL 33435
For Sale
$479,999
Residential Income, Boynton Beach, FL
Property Size1,475 SF
Lot Size0.18 Acres
Price / SF$325.42
Days on Market53
Property Features for 510 NE 2nd Street
General Information
Property type
Property subtype
Zoning
Full bathrooms
Rooms
Window features
Pets allowed
Exterior features
Subdivision
Lot features
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Preferred Properties Int'l Rea
Listed By:
Tiwana D Holmes · License FL #3345100
(561) 477-1193
Added: Sep 19
Changed: Oct 31
Last Checked: Nov 10 at 4:06AM
MLS# B26079621
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.
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Investment Insights
Based on property information with market context.
This quadplex contains 1475 square feet on a 0.18-acre parcel and was constructed in 1956. The building uses CBS construction, vinyl flooring, a shingle roof, and wall or window unit cooling. Four bathrooms are identified, along with a garden area on the property.
The site has public water and public sewer service, with electricity available. R2 (city) zoning is in place for the property. Recent improvements are noted in the property information, providing an updated physical condition while retaining the existing four-unit configuration.
The site has public water and public sewer service, with electricity available. R2 (city) zoning is in place for the property. Recent improvements are noted in the property information, providing an updated physical condition while retaining the existing four-unit configuration.
Key Highlights
- 1475 square feet on a 0.18‑acre parcel
- Quadplex configuration with four identified bathrooms
- R2 (city) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,539
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,780
$450.8K
Cap Rate 7%
$321,986
$322.0K
Cap Rate 9%
$250,433
$250.4K
Market Conditions
NOI Build-Up for 1,475 SF
Gross rent
$43.4K $29.40/SF
− Vacancy
−$2.4K −$1.62/SF
EGI
$41.0K $27.78/SF
− OpEx
−$18.4K −$12.50/SF
NOI
$22.5K $15.28/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,780
Cap Rate 7%
$321,986
Cap Rate 9%
$250,433
Alternative Uses
Best Use
Apartment 5plus
$322.0K
$281.7K – $375.7K
NOI $22,539 @ 7.0% cap · market cap 4.70%
Second Best
Multifamily LT 5
$247.4K
$216.5K – $288.6K
NOI $17,317 @ 7.0% cap · market cap 3.61%
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.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,255
Businesses Nearby
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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
$306,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Palm Beach County, FL
Properties on Market for Quadplexes in Palm Beach County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The property has R2 (city) zoning with public water and public sewer.
Where is this quadplex located?
The property is located at 510 NE 2nd Street 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: 1475 square feet on a 0.18‑acre parcel; Quadplex configuration with four identified bathrooms; R2 (city) zoning
