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226 - 218 NE 5th Terrace

Delray Beach, FL 33483

– beds
– baths
2,923 sqft
$923 per sqft
1961 build
– on site

Priced Below Market Value for Quick Close! Rare investment opportunity with two buildings on a double lot totaling 17,396 sq ft, featuring four income-generating units. Located in a prime area just 5 blocks north of Atlantic Ave and 2 blocks from Pineapple Grove in Del Ida Park Historic District—perfect for Airbnb or VRBO rentals. Includes eight parking spaces and a spacious courtyard for added value. Each home has split electric meters. High ROI potential in a high-demand rental area close to the Ocean and Avenue. A turnkey property ready to generate seasonal or annual rental income. Don’t miss this opportunity! (All future bookings can be transferred to new owner) Units include renovated Kitchens & Bathrooms + washer/dryer. New HVAC Units as well!

Listing courtesy of GFLR / Warehouse Realty

Last checked: Checking… • Last updated Nov 20, 2024 •

MLS# F10471271 —

The Building

Year Built:

1961
Year Built Description:

Resale
Construction Type:

Concrete Block Construction
Style:

Duplex
Roof Description:

Comp Shingle Roof
Exterior Features:

Fence, Fruit Trees, Open Balcony, Open Porch, Patio, Room For Pool, Screened Porch
Total Units:

2
Unit Count:

4
# of Stories:

1

Interior

Floor Description:

Tile Floors
Window Treatments:

Impact Glass

Room Dimensions

SqFt Living Room Area:

2,923 Sqft

Financial & Terms

Terms Considered:

Cash, Conventional, Exchange

Location

Directions:

I-95 to Exit Atlantic Avenue East then North/Left on NE 2nd Avenue then East/Right on NE 5th Terrace to property on South/Right.

The Property

Type of Property:

Duplex
Property Type:

Residential Income
Property Type Information:

Other
Parcel Number:

12434609290090170
Lot Description:

1/4 To Less Than 1/2 Acre Lot
Zoning:

OSSHAD
Geographic Area:

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

No

Listing Agent

Contact info:

Taxes

Tax Year:

2021
Tax Amount:

$10,637
Tax Information:

Tax Reflects City & County Tax

The Listing

Virtual Tour
Virtual Tour
Special Information:

As Is, Survey Available
Information Available:

None, Existing Survey
Auction:

No

Heating & Cooling

Cooling Description:

Wall/Window Unit Cooling, Zoned Cooling
Heating Description:

Other, Zoned Heat

Utilities

Water Description:

Well Water
Sewer Description:

Municipal Sewer
Internet:

Yes
Cable Available:

Yes
Separate Meter:

Yes

The Community

Subdivision Name:

DEL IDA PARK
Subdivision Complex Bldg:

DEL IDA PARK
Gated Community:

No
Pool:

No
Association Fee Paid:

Monthly

Parking

# Parking Spaces:

8

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
11/13/24 Nov 13, 2024	Listed / Active	GFLR	$2,700,000	33.0% (15.7% / YR)
7/10/24 Jul 10, 2024	Price Changed	GFLR
6/18/24 Jun 18, 2024	Price Changed	GFLR

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This multifamily located in Del Ida Park, Delray Beach, FL 33483 is currently for sale for $2,700,000. 226 - 218 NE 5th Terrace is a 2,923 square foot multifamily with – beds and – baths that has been on Estately for 8 days. 226 - 218 NE 5th Terrace is in the Del Ida Park neighborhood of Delray Beach and has a WalkScore® of 83, making it very walkable.

Listing Courtesy of: GFLR and Warehouse Realty.

Based on information from the GFLR 2024. 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.