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Duplex With Detached Residence
New
For Sale
$1,295,000

713 S Lake Ave, Delray Beach, FL 33483

Residential Income, Delray Beach, FL

Property Size1,064 SF
Lot Size0.18 Acres
Price / SF$1,217
Days on Market1

Property Features for 713 S Lake Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1
Parking features Driveway
Directions From Federal Highway (US-1), turn east onto SE 7th Street, then turn south onto S Lake Avenue. Continue to713 S Lake Avenue. Property will be on the right.
Standard status Active
Size 1,064 SF
Lot size 0.18 Acres

Utilities

Water front features Waterfront
Water front 1

Amenities

carport

Building Details

Year built 1946
Floors in Building 1
Building materials Wood Siding
Roof type Asphalt
Buildings 2
Listing Agency: CENTURY 21 SUNBELT REALTY
Listed By: Jayson Burtch · License #274501012
Added: Oct 30 Last Checked: Oct 30 at 9:06PM
MLS# 12049937

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

The property comprises two residences: a three-bedroom, one-bathroom main home and a detached rear dwelling with one bedroom and one bathroom. The rear residence has its own address and is city-verified for multifamily rental use. The main home includes a carport, and the property has driveway parking.

Set on a 0.1794-acre waterfront parcel in Delray Beach, the property was built in 1946 and has wood siding and an asphalt roof. A walking path provides beach access about 1/4 mile away. Shopping and dining are nearby, with Atlantic Avenue, downtown Delray Beach, and beaches a short drive from the property.

Key Highlights

  • Two separate residences: a 3‑bedroom, 1‑bathroom main home and detached 1‑bedroom, 1‑bathroom rear home
  • Rear residence has a separate address and city‑verified multifamily rental use
  • 0.1794‑acre waterfront parcel

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

766
Businesses Nearby

Demographics for 33483, FL

13,103
Population
9,493
Households
1.4
Avg Household Size
59
Median Age
57%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
3,448
Density / Sq Mi
$117,854
Median Household Income
$60,502
Median Earnings
$2,306
Median Rent
$755,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two dwellings include a three-bedroom main home and a separate one-bedroom residence recognized for multifamily rental use.
Where is this duplex located?
The property is located at 713 S Lake Ave Delray Beach, FL.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Two separate residences: a 3‑bedroom, 1‑bathroom main home and detached 1‑bedroom, 1‑bathroom rear home; Rear residence has a separate address and city‑verified multifamily rental use; 0.1794‑acre waterfront parcel
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