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    Turnkey 8-Unit Apartment Building Title is generated by Realmo AI

    526 NW 12th Ave, Boynton Beach, FL 33435

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    For Sale
    $1,350,000

    Well-maintained 8-unit property with renovated interiors and seven 1BR units on HUD-VASH rental assistance.

    Type:Commercial
    Added:
    Jun 4, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 5:02 am

    Property Features for 526 NW 12th Ave

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1958

    We can help!

    Listing Contact
    Brad Kuskin

    Listing agent Brad Kuskin License #BK3333122

    Listing office Compass

    Listing date Jun 4, 2026

    Source Elliman

    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 Compass

    HighLights

    • 8‑unit apartment building built in 1958 in Boynton Beach
    • Seven of eight 1BR/1BA units leased at $1,500/month under the HUD‑VASH program
    • Comprehensively renovated since 2018: new roof, remodeled unit interiors, updated electrical and plumbing, new flooring, and new appliances plus A/C in every unit
    • Owner‑managed financials: $144,000 gross annual income and $94,589 NOI (34.3% expense ratio), no professional management fee included
    • Value‑add via HUD adjustments: current $1,500/month rents vs 2026 HUD FMR of $2,080 for 1BR; potential additional annual income up to $55,680 across all eight units
    • Vacancy reported at 5.2% and no new 1–2 star apartment units under construction or proposed in the submarket through 2030

    Overview

    This turnkey 8-unit apartment building offers a straightforward configuration with eight 1BR/1BA units. Seven of the eight units are currently leased under the HUD-Veterans Affairs Supportive Housing (HUD-VASH) program, with HUD-VASH providing government-guaranteed monthly rent payments. The property has undergone comprehensive renovations since 2018, including a new roof, remodeled unit interiors, updated electrical and plumbing systems, new flooring, and new appliances in every unit (refrigerator and stove), along with A/C. The exterior has also been scheduled for full painting in 2026. Based on the current operating history described, the property has historically maintained 100% occupancy.

    Located in Boynton Beach, the building is presented as being in the heart of the city and benefits from ongoing public investment in the surrounding area. The Boynton Beach Community Redevelopment Agency is noted as actively promoting growth and purchasing nearby redevelopment parcels. The local bike score is listed as 55 and walk score as 41, with the area described as car-dependent.

    For investors or owner-operators seeking a stabilized, income-producing asset, the current snapshot provided shows $144,000 in gross annual income and $94,589 in Net Operating Income under owner management (with a 34.3% expense ratio, and no professional management fee included). The seller also highlights a potential opportunity tied to current contract rents being below the 2026 HUD Fair Market Rent and notes that housing authority rent adjustments may increase annual income across all eight units without capital investment.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boynton Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0709336
    Latitude
    26.5373752

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 8-unit property with renovated interiors and seven 1BR units on HUD-VASH rental assistance.
    Where is this apartment building located?
    The property is located at 526 NW 12th Ave Boynton Beach, FL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 8‑unit apartment building built in 1958 in Boynton Beach; Seven of eight 1BR/1BA units leased at $1,500/month under the HUD‑VASH program; Comprehensively renovated since 2018: new roof, remodeled unit interiors, updated electrical and plumbing, new flooring, and new appliances plus A/C in every unit
    (561) 232-7899
    We can help!
    Listing Contact
    Brad Kuskin
    Real Estate License ID: BK3333122
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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