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118 SW 7th St

Delray Beach, FL 33444

– beds
– baths
2,016 sqft
$347 per sqft
1956 build
– on site

Prime investment opportunity just 5 blocks south of the famous Atlantic Ave in Delray Beach! This nearly fully remodeled duplex features a 2BR/1BA unit rented at $2,900/month and a vacant 4BR/2BA unit with a $4,500 rental potential, offering strong cash flow. Property highlights include separate meters, new AC, impact windows, and modern upgrades throughout. Live in one unit and rent the other or lease both for maximum returns. Appraised As-Is at $745K and selling at a 7.9% CAP RATE, this deal won’t last! Perfect for investors or house-hackers looking for prime location and income potential. Don't miss out on this rare find in Delray Beach!

Listing courtesy of GFLR / Southwestern Real Estate

Last checked: Checking… • Last updated Feb 22, 2025 •

MLS# F10488304 —

The Building

Year Built:

1956
Year Built Description:

Resale
Unit Count:

2
Construction Type:

Cbs Construction
Style:

Duplex
Roof Description:

Comp Shingle Roof
# of Stories:

1

Interior

Floor Description:

Tile Floors
Window Treatments:

High Impact Windows

Room Dimensions

SqFt Living Room Area:

2,016 Sqft

Financial & Terms

Rent Includes:

Sewer, Trash Removal, Water
Terms Considered:

Cash, Conventional

Location

Directions:

Take W Atlantic Blvd exit heading east from I95. Make a right heading south on SW 4th Ave. Make a left heading east on SW 7th St. Building on your right.

The Property

Type of Property:

Duplex
Property Type:

Residential Income
Property Type Information:

Attached
Parcel Number:

12434620070000100
Approx Lot Size:

9,835 Sqft
Lot Description:

Less Than 1/4 Acre Lot
Zoning:

R-1-A (city)
Geographic Area:

Palm Beach 4220a; 4230b; 4360a; 4370b
Waterfront Property:

No

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Amount:

$8,073
Tax Information:

Tax Reflects No Exemptions

The Listing

Virtual Tour
Information Available:

Appraisal, Copy Of Lease(S)
Auction:

No

Heating & Cooling

Cooling Description:

Ceiling Fans, Central Cooling
Heating Description:

Central Heat

Utilities

Sewer Description:

Municipal Sewer
Internet:

Yes
Cable Available:

Yes
Separate Meter:

Yes

The Community

Subdivision Name:

NICHOLS 1ST ADD TO DELRAY
Subdivision Complex Bldg:

NICHOLS 1ST ADD TO DELRAY
Subdivision Number:

7
Gated Community:

No
Pool:

No

Parking

# Parking Spaces:

10

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/21/25 Feb 21, 2025	Listed / Active	GFLR	$700,000

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This multifamily located in Delray Beach, FL 33444 is currently for sale for $700,000. 118 SW 7th St is a 2,016 square foot multifamily with – beds and – baths that has been on Estately for 1 days.

Listing Courtesy of: GFLR and Southwestern Real Estate.

Based on information from the GFLR 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. GFLR, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GFLR and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.