Two-Bedroom Residential Income
For Sale
$240,000
801 NW 30th Avenue C, Delray Beach, FL 33445
Residence with separate living and dining areas, natural light, and private outdoor space.
Property Size1,188 SF
Price / SF$202.02
Days on Market155
Property Features for 801 NW 30th Avenue C
General Information
Standard status
Active
Size
1,188 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,012
Building Details
Building Size
1,188 SF
Year Built
1979
Listing Agency:
EXP Realty LLC
Listed By:
Paul Jay Saperstein · License #676961
(561) 418-7675
Source:
Pamandtoni
Added: Apr 10
Changed: Sep 10
Last Checked: Sep 10 at 3:02PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This residential income property includes a 2-bedroom, 2-bath residence with 1,188 living sq ft and a practical interior arrangement. The layout provides distinct living and dining areas, while abundant natural light contributes to the interior character. A private outdoor space extends the usable setting beyond the main living areas.
Built in 1979, the property is located at 801 NW 30th Avenue C in Delray Beach, Florida. The residence is positioned near shopping, dining, beaches, and major roadways, supporting both year-round occupancy and seasonal use as described in the property information.
Built in 1979, the property is located at 801 NW 30th Avenue C in Delray Beach, Florida. The residence is positioned near shopping, dining, beaches, and major roadways, supporting both year-round occupancy and seasonal use as described in the property information.
Key Highlights
- 2‑bedroom, 2‑bath residence with 1,188 living sq ft
- Private outdoor space
- Separate living and dining areas
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
7.61%
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 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$836.7K
$732.1K – $976.1K
NOI $58,566 @ 7.0% cap · market cap 24.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Residence with separate living and dining areas, natural light, and private outdoor space.
Where is this residential income property located?
The property is located at 801 NW 30th Avenue C Delray Beach, FL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath residence with 1,188 living sq ft; Private outdoor space; Separate living and dining areas
