Boynton Beach 8-Unit Apartment
526 NW 12th Avenue, Boynton Beach, FL
New
MULTI_FAMILY - Boynton Beach, FL
Property size:
3,500 SFLot size:
0.23 AcresPrice / SF:
$385/SF- Added:
- May 21, 2026
- Days on Market:
- 2
- Last Refresh:
- May 22 at 11:06 pm
Property Features for 526 NW 12th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2 (city)
- Parking
- 12
- Standard status
- Active
- APN
- 08434521140003840
- Size
- 3,500 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CHERRY HILLS LTS 384 TO 387 INC
- Tax Annual Amount
- 11411
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Wall/Window Unit(s), Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1958
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Wood, Tile
- Building materials
- CBS, Stucco
- Roof type
- Flat
Listing agent Brad Kuskin License #3333122 (561) 232-7899
Listing office Compass Florida LLC 5370 Donald Ross Road, Miami Beach, FL (561) 285-4794
Listing date May 21, 2026
MLS# B26031568
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.
HighLights
- Significant value‑add opportunity: Increase annual income by up to $55,680.
- Turnkey condition: Comprehensively renovated since 2018 with a new roof, remodeled interiors, updated systems, and new appliances.
- Government‑guaranteed income: Seven of eight units are leased under the HUD‑VASH program.
- Prime location: Located in a high‑demand area for workforce housing in Boynton Beach.
- High historical occupancy: Property has historically maintained 100% occupancy.
- Limited supply: Zero new 1‑2 Star apartment units are under construction or proposed in the submarket through 2030, and vacancy is low at 5.2%.
Overview
This well-maintained, turnkey apartment building features eight units in Boynton Beach. Seven of the eight 1-bedroom, 1-bath units are currently leased at $1,500 per month under the HUD-Veterans Affairs Supportive Housing (HUD-VASH) program. This federal rental assistance program provides government-guaranteed monthly rent payments directly from the housing authority. All units have been recently upgraded, and the property has historically maintained 100% occupancy. Current contract rents are below the 2026 HUD Fair Market Rent, representing a gap of $580 per unit per month. A new owner has the potential to capture additional annual income across all eight units without any capital investment as housing authority rent adjustments are approved. At stabilized occupancy and current rents, the property generates gross annual income with a Net Operating Income under owner management. The property is not specifically designated as a HUD or low-income property and may be operated under full market-rate rents and conditions at the owner's will. The property has been comprehensively renovated since 2018, including a full new roof, completely remodeled unit interiors, updated electrical and plumbing systems, new flooring, and new appliances in every unit, and full exterior painting in 2026. The building presents in well-maintained condition with minimal deferred maintenance and no near-term capital expenditure required. The property is located in southern Palm Beach County in one of the highest-demand corridors for workforce and affordable housing. Boynton Beach is among the fastest-growing cities in the county with strong population growth projected through 2030. The Boynton Beach Community Redevelopment Agency is actively promoting area growth and has recently purchased large redevelopment parcels in close proximity to the subject property, signaling continued public investment in the surrounding neighborhood. Supply of workforce housing remains critically limited, with vacancy at just 5.2%. The property is situated on a 0.23-acre lot.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Boynton Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.071002
- Latitude
- 26.537397
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Turnkey apartment building with government-guaranteed income and value-add opportunity.
Where is this apartment building located?
The property is located at 526 NW 12th Avenue 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: Significant value‑add opportunity: Increase annual income by up to $55,680.; Turnkey condition: Comprehensively renovated since 2018 with a new roof, remodeled interiors, updated systems, and new appliances.; Government‑guaranteed income: Seven of eight units are leased under the HUD‑VASH program.
