Delray Beach Multifamily
For Sale
Under Contract
$950,000
5285 Sunrise Boulevard, Delray Beach, FL 33484
MULTI_FAMILY - Delray Beach, FL
Property Size2,534 SF
Lot Size0.47 Acres
Price / SF$374.90
Days on Market285
Property Features for 5285 Sunrise Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
AR
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Patio and Porch features
Patio
Exterior features
Balcony
Fencing
Fenced
Subdivision
DELRAY GARDEN ESTATES 3
Lot features
Room for Pool
Elementary school
Banyan Creek (Palm Beach)
Middle school
Carver Community
High school
Atlantic
Standard status
Active Under Contract
APN
00424611040000940
Size
2,534 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
DELRAY GARDEN ESTS PL 3 LT 94 & 95
Tax Annual Amount
7399
Legal Description
DELRAY GARDEN ESTS PL 3 LT 94 & 95
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
balcony
covered patio
outdoor lighting
vinyl fenced backyard
manicured landscaping
circular driveway
Building Details
Year built
1985
Floors in Building
2
Number of units
4
Flooring type
Carpet, Tile - Ceramic
Building materials
CBS
Listing Agency:
Mastropieri Group LLC
(561) 544-7000
Listed By:
Lawrence A Mastropieri · License #3252988
(561) 544-7000
Added: Oct 24, 2025
Changed: Aug 3
Last Checked: Aug 4 at 7:06AM
MLS# R11135087
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.
Investment Insights
Based on property information with market context.
This multifamily property is located in Delray Beach, Florida, and features an open floor plan with LED recessed and custom lighting. The eat-in kitchen includes quartz counters, a center island with a breakfast bar, stainless steel appliances, and white wood cabinets. The primary bedroom features an ensuite bathroom with a dual sink vanity and soaking tub, barn doors, and a walk-in closet. Each unit has a bonus private entrance. The property includes a large vinyl-fenced backyard, a balcony and covered patio with outdoor lighting, and manicured landscaping. There is RV/boat parking available, and room for a pool. Additional features include a large circular driveway, a 2-car epoxy garage, and hurricane impact windows and doors. The property is located minutes from Atlantic Avenue, the beach, fine dining, shopping, and I-95. The property has a lot size of 0.47 acres and a property size of 2534 square feet. The zoning is AR. The property's income is $108,000.00 with a 5% vacancy. The expense ratio is 30.00% with a 6% cap rate.
Key Highlights
- Built in 1985 with CBS construction materials and central electric HVAC with central air
- Hurricane impact windows/doors plus double‑door entrance and bright open floor plan
- Eat‑in kitchen with quartz counters, center island/breakfast bar, S/S appliances, and white wood cabinets
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.9k | $25.20 |
| − Vacancy | −$3.5k | −$1.39 |
| EGI | $60.3k | $23.81 |
| − OpEx | −$18.1k | −$7.14 |
| NOI | $42.2k | $16.67 |
2,534 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$603.4K
$528.0K – $704.0K
NOI $42,241 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$556.7K
$487.1K – $649.5K
NOI $38,971 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,921 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
Business Placement
Demographics for 33484, FL
26,340
Population
18,884
Households
1.4
Avg Household Size
66
Median Age
42%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
4,390
Density / Sq Mi
$56,942
Median Household Income
$43,922
Median Earnings
$1,876
Median Rent
$220,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Gorgeous Delray Beach multifamily property with oversized lot and modern amenities.
Where is this quadplex located?
The property is located at 5285 Sunrise Boulevard Delray Beach, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Built in 1985 with CBS construction materials and central electric HVAC with central air; Hurricane impact windows/doors plus double‑door entrance and bright open floor plan; Eat‑in kitchen with quartz counters, center island/breakfast bar, S/S appliances, and white wood cabinets
