Updated 2-Unit
New
For Sale
$580,000
522 NW 11th Avenue, Boynton Beach, FL 33435
Separate electric and water meters serve each residence, with a shared washer and dryer on the property.
Property Size1,600 SF
Lot Size0.12 Acres
Price / SF$414.29
Days on Market2
Property Features for 522 NW 11th Avenue
General Information
Standard status
Active
Size
1,600 SF
Total Parking Spaces
3
Lot size
0.12 Acres
Property subtype
Residential Income
Zoning
R2
Occupancy
100%
Net Operating Income
$40,600
Financials
Gross Income
$48,600
Average Monthly Rent
$2,025
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Individually Metered Utilities
electricity, water
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,961
Amenities
shared washer/dryer
Building Details
Building Size
1,600 SF
Year Built
1973
Buildings
1
Stories
1
Construction
CBS
Tenancy
Multi
Listing Agency:
VETA Group Realty, LLC.
Listed By:
Yulia Y Vargas · License #3271515
(786) 780-3344
Source:
Laerrealty
Added: Oct 24
Last Checked: Oct 24 at 2:36PM
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 VETA Group Realty, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,400 SF duplex in Boynton Beach has two occupied residences: a 2-bedroom, 1-bath unit of approximately 900 SF and a 1-bedroom, 1-bath unit of approximately 500 SF. Interior improvements include white shaker kitchen cabinets, quartz countertops, updated bath vanities, new lighting and vinyl plank flooring. The building has CBS construction with a stucco exterior, and a washer and dryer are shared by both residences. Each unit has its own electric and water meter, and tenants pay their own utilities.
The property occupies a 0.12-acre lot with front and rear yards and off-street parking. It is zoned R2 for duplex use in the City of Boynton Beach, has no HOA, and is about 3 miles from the beach. I-95, Boynton Beach Boulevard and downtown Boynton are nearby. Shopping, restaurants, schools, parks, the Boynton Beach Inlet and beaches are also in the surrounding area.
The property occupies a 0.12-acre lot with front and rear yards and off-street parking. It is zoned R2 for duplex use in the City of Boynton Beach, has no HOA, and is about 3 miles from the beach. I-95, Boynton Beach Boulevard and downtown Boynton are nearby. Shopping, restaurants, schools, parks, the Boynton Beach Inlet and beaches are also in the surrounding area.
Key Highlights
- Two occupied units: 2 bed/1 bath at approximately 900 SF and 1 bed/1 bath at approximately 500 SF
- 1,400 SF building on a 0.12‑acre lot
- CBS construction with stucco exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,338
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,760
$466.8K
Cap Rate 7%
$333,400
$333.4K
Cap Rate 9%
$259,311
$259.3K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$35.3K $25.20/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$33.3K $23.81/SF
− OpEx
−$10.0K −$7.14/SF
NOI
$23.3K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,760
Cap Rate 7%
$333,400
Cap Rate 9%
$259,311
Alternative Uses
Best Use
Multifamily LT 5
$333.4K
$291.7K – $389.0K
NOI $23,338 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$307.6K
$269.1K – $358.9K
NOI $21,531 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$986.0K
$862.7K – $1.15M
NOI $69,017 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
900
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electric and water meters serve each residence, with a shared washer and dryer on the property.
Where is this duplex located?
The property is located at 522 NW 11th Avenue Boynton Beach, FL.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Two occupied units: 2 bed/1 bath at approximately 900 SF and 1 bed/1 bath at approximately 500 SF; 1,400 SF building on a 0.12‑acre lot; CBS construction with stucco exterior
