226-218 Northeast 5th Terrace

Delray Beach, FL 33444

$2,550,000
Price
Beds
2,923 Sq. Ft.
$872 / Sq. Ft.
2,923
Sq. Ft.
$872
per Sq. Ft.

Description

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...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. Seller Financing Options Available! (All future bookings can be transferred to new owner)

Units include renovated Kitchens & Bathrooms + washer/dryer. New HVAC Units as well!
  1. Listed by Matthew Avelar • Warehouse Realty

Property Details for 226-218 Northeast 5th Terrace

Subdivision Name
DEL IDA PARK
Style
Duplex
Waterfront
No
LISTING UPDATED: 12/19/2024 01:53 PM

Property Details for 226-218 Northeast 5th Terrace

StatusActive
MLS #F10471271
Days on Market41
Taxes$10,637 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1961
Lot Size-
CountyPalm Beach County

Building Information for 226-218 Northeast 5th Terrace

Stories-Residences2Year Built1961Building Size-Lot Size-

Property Information for 226-218 Northeast 5th Terrace

General Information
General Information
  • Sq Ft Liv Area: 2923.0
  • Information Available: None, Existing Survey
  • Street Number: 226 - 218
  • Street Direction Prefix: NE
  • Street Name: 5th Terrace
  • County Or Parish: Palm Beach County
  • Postal Code: 33483
  • City and Location Text: Delray Beach
  • Pets On Premises YN: No
  • City Postal ID: 33483
Maintenance / Tax Information
  • Tax Amount: $10,637
  • Tax Information: Tax Reflects City & County Tax
  • Tax Year: 2021
Building Information
  • Property Type: Residential Income
  • Property Type Information: Other
  • Subdivision Complex Bldg: DEL IDA PARK
  • Total Units: 2
  • Type of Property: Duplex
  • Year Built Numeric: 1961
  • Year Built Description: Resale
  • MLS Area: 4360
Virtual Tour / Features / Utilities
Interior
  • Floor Description: Tile Floors
  • Flooring: Tile Floors
Exterior
  • Exterior Features: Fence, Fruit Trees, Open Balcony, Open Porch, Patio, Room For Pool, Screened Porch
  • Construction Type: Concrete Block Construction
  • Pool: No
  • Roof Description: Comp Shingle Roof
  • Windows Treatment: Impact Glass
  • Construction: Concrete Block Construction
  • Roof: Comp Shingle Roof
Waterfront
  • Water Description: Well Water
Utilities
  • Cooling Description: Wall/Window Unit Cooling, Zoned Cooling
  • Heating Description: Other, Zoned Heat
  • Cable Available: Yes
  • Separate Meter: Yes
  • Sewer Description: Municipal Sewer
Property / Lot Information
Building Information
  • Unit Count: 4
  • Type of Association: None
  • Zoning Information: OSSHAD
  • Num Parking Spaces: 8
  • Num Stories: 1
Community Information
  • Association Fee: $0
  • Assoc Fee Paid Per: Monthly
  • Gated Community YN: No
  • Property Management: No
Location Information
  • Area: 4360
  • 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.
  • Geographic Area: Palm Beach 4220a; 4230b; 4360a; 4370b
  • Parcel Number Free Text: 12434609290090170
  • State: FL
Lot Information
  • Lot Description: 1/4 To Less Than 1/2 Acre Lot
Rent Information
Rent Information
  • Rent Includes: Cable Tv, Water

Property History for 226-218 Northeast 5th Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 226-218 Northeast 5th Terrace

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 7
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Plumosa School Of The Arts
PublicPK to 7

Carver Middle School
Public6 to 8

Atlantic High School
Public9 to 12

S. D. Spady Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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226-218 Northeast 5th Terrace is a multi-family home for sale in Delray Beach, FL 33444. This property was listed for sale on November 12, 2024 by Warehouse Realty, it's currently listed at $2,550,000. It has been on the market for a total of 41 days and was last sold on October 10, 2022. This listing's school district is Palm Beach. Nearby schools include Plumosa School Of The Arts, Carver Middle School and Atlantic High School. 226-218 Northeast 5th Terrace is a 0-bed, 0-bath, 2,923 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Warehouse Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.