1601 NE 3RD Avenue

This six-unit multifamily property sits on 0.29 acres in East Delray Beach, minutes from Atlantic Avenue and the beach. Built in 1974 and totaling approximately 5,146 square feet, the property presents both a repositioning opportunity for income production and potential for redevelopment into alternative uses, subject to zoning and municipal approvals.

This six-unit multifamily property sits on 0.29 acres in East Delray Beach, minutes from Atlantic Avenue and the beach. Built in 1974 and totaling approximately 5,146 square feet, the property presents both a repositioning opportunity for income production and potential for redevelopment into alternative uses, subject to zoning and municipal approvals.

Property Configuration

The building contains six residential units, each configured with two bedrooms, one bathroom, and approximately 780 square feet. Central air conditioning and electric heating serve the property. The uniform unit layout simplifies management and offers a straightforward basis for renovation planning across all six residences.

Investment & Redevelopment Potential

The MLS remarks outline multiple paths for this site. The existing units can be renovated and repositioned as an income-producing multifamily asset. Alternatively, the property may lend itself to redevelopment into a single-family residence or an alternative use such as a wellness-oriented concept, all subject to zoning and municipal approvals. The 0.29-acre lot in this East Delray corridor provides flexibility for a buyer willing to navigate the entitlement process.

Location & Access

The property is located just minutes from Atlantic Avenue, offering proximity to the beach, dining, shopping, and entertainment. The MLS remarks also note convenient access to Downtown Boynton Beach, placing the site between two active commercial corridors along the East Delray Beach stretch of NE 3rd Avenue.

Key Features

• Six-unit multifamily property on 0.29 acres in East Delray Beach
• Each unit: two bedrooms, one bathroom, approximately 780 square feet
• Total building area of approximately 5,146 square feet
• Built in 1974 with central air conditioning and electric heating
• Minutes from Atlantic Avenue, the beach, dining, and shopping
• Convenient access to Downtown Boynton Beach
• Potential for renovation, repositioning, or redevelopment subject to zoning approvals