Residential Income Property with
For Sale
$250,000
801 NW 30th Avenue, Delray Beach, FL 33445
MULTI_FAMILY - Other - Delray Beach, FL
Property Size1,188 SF
Lot Size0.04 Acres
Price / SF$210.44
Days on Market125
Property Features for 801 NW 30th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
PRD (city)
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Dining Room, Laundry Room, Bathroom 1
Parking
1
Parking features
Guest, Assigned
Security features
Security
Window features
Blinds
Patio and Porch features
Patio
Pets allowed
Number Limit, Yes, Size Limit
Interior features
Bedroom Layout - Split, Cathedral Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s)
Fencing
Fenced
Appliances
Electric Water Heater, Range, Electric Cooktop, Cooktop, Dishwasher, Ice Maker, Microwave, Refrigerator, Water Heater
Subdivision
RAINBERRY BAY
Lot features
Corner Lot, Sidewalks
Elementary school
Crosspointe
Middle school
Carver Community
High school
Atlantic
Standard status
Active
APN
12434607060400030
Size
1,188 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RAINBERRY BAY SEC 2 BLDG LT 40 UNIT C
Tax Annual Amount
1012
Expense value
150
Expense
Application Fee
Expense freq.
One Time
HOA Fee
$632 Monthly
Legal Description
RAINBERRY BAY SEC 2 BLDG LT 40 UNIT C
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Frame, Stucco
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Paul Jay Saperstein · License #676961
(561) 418-7675
Added: Apr 10
Changed: Aug 11
Last Checked: Aug 12 at 6:06AM
MLS# B26013926
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.
Residential income property featuring a two-bedroom, two-bath layout with split bedroom design, abundant natural light, and a private outdoor patio space. The interior includes dining and living areas, a laundry room, cathedral and vaulted ceiling details, and walk-in closet storage. Amenities include a tile ceramic flooring package, central heating and central air cooling with ceiling fans, and an electric water heater.
Set on a 0.04-acre lot with fenced yard features, the home was built in 1979 and offers assigned parking plus guest parking. The roof is composition/shingle, and utility services include public water and public sewer.
The home’s combination of functional indoor living space and an outdoor patio makes it suitable for day-to-day comfort in a residential setting.
Set on a 0.04-acre lot with fenced yard features, the home was built in 1979 and offers assigned parking plus guest parking. The roof is composition/shingle, and utility services include public water and public sewer.
The home’s combination of functional indoor living space and an outdoor patio makes it suitable for day-to-day comfort in a residential setting.
Key Highlights
- Two‑bedroom, two‑bath interior with split bedroom layout
- 1,188 SF living area with dining and laundry room
- Private fenced patio and outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,271
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$365,420
$365.4K
Cap Rate 7%
$261,014
$261.0K
Cap Rate 9%
$203,011
$203.0K
Market Conditions
NOI Build-Up for 1,188 SF
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.
Gross rent
$34.8K $29.28/SF
− Vacancy
−$1.6K −$1.32/SF
EGI
$33.2K $27.96/SF
− OpEx
−$14.9K −$12.58/SF
NOI
$18.3K $15.38/SF
Area
Palm Beach County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$365,420
Cap Rate 7%
$261,014
Cap Rate 9%
$203,011
Alternative Uses
Best Use
Apartment 5plus
$261.0K
$228.4K – $304.5K
NOI $18,271 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$836.7K
$732.1K – $976.1K
NOI $58,566 @ 7.0% cap · market cap 23.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Explore this area
Business Placement
Demographics for 33445, FL
32,265
Population
17,584
Households
1.8
Avg Household Size
51
Median Age
39%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
3,983
Density / Sq Mi
$70,748
Median Household Income
$41,169
Median Earnings
$1,991
Median Rent
$282,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath home with a private, fenced patio and public water and sewer service.
Where is this residential income property located?
The property is located at 801 NW 30th Avenue Delray Beach, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath interior with split bedroom layout; 1,188 SF living area with dining and laundry room; Private fenced patio and outdoor space
