Residential Income Duplex For
800 NW 1st Street Delray Beach, FL 33444
800 NW 1st Street, Delray Beach, FL, 33444
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For Sale
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Duplex income property for sale near Delray Beach, offered with renovation and redevelopment potential.
Property Size1,760 SF
Price / SF$482.95
Days on Market54
Property Features for 800 NW 1st Street
General Information
- Standard status
- Active
- Size
- 1,760 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1961
Listing agency
Lions Realty
Listed by
Tamika McCellion · License #3128721
Source
Crexi
Added: May 29 Updated: Jul 20 at 10:59PM Checked: Jul 21 at 7:06AM
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 Lions Realty
Investment Insights
Based on property information with market context.
This duplex residential income property is offered for sale in Delray Beach. The asset is positioned for a buyer looking to renovate or pursue a complete redevelopment to build new units.
The property is described as being just minutes from the heart of Delray Beach, with convenient access to shopping, dining, and entertainment.
As presented, the opportunity centers on updating the existing duplex or re-developing the site for new unit construction.
The property is described as being just minutes from the heart of Delray Beach, with convenient access to shopping, dining, and entertainment.
As presented, the opportunity centers on updating the existing duplex or re-developing the site for new unit construction.
Key Highlights
- Duplex income property for sale near Delray Beach
- Year built: 1961
- Renovation and complete redevelopment potential
Local 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 | $44.4k | $25.20 |
| − Vacancy | −$2.4k | −$1.39 |
| EGI | $41.9k | $23.81 |
| − OpEx | −$12.6k | −$7.14 |
| NOI | $29.3k | $16.67 |
1,760 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$419.1K
$366.7K – $489.0K
NOI $29,339 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$386.7K
$338.4K – $451.1K
NOI $27,068 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,764 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex income property for sale near Delray Beach, offered with renovation and redevelopment potential.
Where is this duplex located?
The property is located at 800 NW 1st Street Delray Beach, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Duplex income property for sale near Delray Beach; Year built: 1961; Renovation and complete redevelopment potential
