NOT LISTED FOR SALE

180 SW 5th Ave Delray Beach, FL 33444

Downtown Delray Beach Neighborhood

Estimated Value: $717,000 - $862,000

Studio
5 Baths
1,968 Sq Ft
$393/Sq Ft Est. Value

Last Sold December 11, 2023

Last sale price $760,000 $386 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,771/month

39 Days on Market

Highlights

  • Garden View
  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • No HOA
  • Patio
  • Ceiling Fan

About This Home

As of December 2023

Attention savvy investors! This multi family property comes with one current lease in place for all 5 units. The 5 units include an efficiency, 2 2/1 & 2 1/1. Located within close proximity of Atlantic Avenue in East Delray has a cap rate of over 7% giving the buyer a healthy return on their investment.

Last Agent to Sell the Property

Noreen Payne

Lang Realty/Delray Beach License #3342729 Listed on: 10/13/2023

Lang Realty/Delray Beach

Co-Listed By

Amy Snook

Lang Realty/Delray Beach License #3041690

Last Buyer's Agent

Antony Kritharis

Illustrated Properties License #3283059

Illustrated Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,322

Year Built

  • Built in 1959

Lot Details

  • 6,717

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 5 Bathrooms
  • 1,968 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Garden Views

Flooring

  • Laminate
  • Ceramic Tile

Schools

  • Pine Grove Elementary School
  • Carver Community Middle School
  • Atlantic High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Additional Features

  • Patio
  • 6,717 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 12434616010220190

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Town Of Delray Beach Subdivision

Building Details

  • Gross Income $72,000
  • Net Operating Income $56,578

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,322

Year Built

Built in 1959

Lot Details

6,717 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Directions: East on Atlantic Ave passed I-95, take a right onto SW 5th Ave. Property is on your right.
  • Year Built: 1959
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Laminate
  • Living Area: 1968.0

Exterior Features

  • Exterior Features: Outdoor Living Area
  • View: Garden, Other
  • Fencing: Fenced
  • Lot Features: < 1/4 Acre
  • Pool Private: No
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Frame, Stucco
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Multiple Meters, Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Schools

  • Elementary School: Pine Grove
  • High School: Atlantic
  • Middle Or Junior School: Carver Community

Lot Info

  • Parcel #: 12434616010220190
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6534.0
  • Mobile Dim Units: Feet
  • Zoning: RM(cit

Rental Info

  • Tenant Pays: Cable TV, Electricity, Water

Multi Family

  • Property Net Operating Income: 56578.0
  • Number Of Units In Community: 5
  • Annual Gross Income: 72000.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5322.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2023
Closed on
Dec 11, 2023
Sold by
Lucien Kenzy
Bought by
Pots N Pans 1 Llc
Seller's Agent
Noreen Payne
Lang Realty/Delray Beach
Buyer's Agent
Antony Kritharis
Illustrated Properties
List Price
$799,000
Sold Price
$760,000
Premium/Discount to List
-$39,000
-4.88%
Views
55
Current Estimated Value
$773,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,038
Avg. Annual Appreciation
0.75%

Purchase Details

Closed on
Nov 28, 2006
Sold by
Mesidor Lemene
Bought by
Lucien Kenzy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 4, 2005
Sold by
Sheffield Agnes and Estate Of Lola Monroe
Bought by
Mesidor Lemene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
5.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 1997
Sold by
Taplis Cassie
Bought by
Monroe Freddie

Purchase Details

Closed on
Jan 27, 1997
Sold by
Monroe Donnel
Bought by
Monroe Freddie

Purchase Details

Closed on
Jan 9, 1995
Sold by
Monroe Freddie
Bought by
Monroe Freddie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pots N Pans 1 Llc $760,000 Clear Lake Title Services
Pots N Pans 1 Llc $760,000 Clear Lake Title Services
Lucien Kenzy $45,000 First Priority Title Company
Mesidor Lemene $195,000 --
Monroe Freddie $100 --
Monroe Freddie $100 --
Monroe Freddie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lucien Kenzy $225,000
Previous Owner Mesidor Lemene $152,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2023 12/11/23 Sold $760,000 -4.9% $386 / Sq Ft
11/17/2023 11/17/23 Price Changed $799,000 -2.5% $406 / Sq Ft
10/19/2023 10/19/23 Price Changed $819,900 +2.6% $417 / Sq Ft
10/13/2023 10/13/23 For Sale $799,000 -- $406 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,975 $403,644 -- --
2024 $8,975 $466,003 -- --
2023 $5,315 $174,878 $175,960 $233,983
2022 $4,365 $158,980 $0 $0
2021 $3,865 $218,783 $62,500 $156,283
2020 $3,660 $210,462 $58,000 $152,462
2019 $3,468 $199,045 $53,000 $146,045
2018 $3,008 $166,700 $54,232 $112,468
2017 $2,802 $148,507 $36,155 $112,352
2016 $2,622 $89,740 $0 $0
2015 $2,327 $81,582 $0 $0
2014 $2,178 $74,165 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    Noreen Payne

    Lang Realty/Delray Beach

    (561) 571-2289

    39 in this area

    180 Total Sales

    Noreen Payne
    Section Image
  • Amy Snook

    Seller Co-Listing Agent in 2023

    Amy Snook

    Lang Realty/Delray Beach

    (954) 445-4545

    41 in this area

    190 Total Sales

    Amy Snook
    Section Image
  • Antony Kritharis

    Buyer's Agent in 2023

    Antony Kritharis

    Illustrated Properties

    (561) 997-4068

    5 in this area

    46 Total Sales

    Antony Kritharis
    Section Image
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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10927352

BeachesMLS (Greater Fort Lauderdale)

APN: 12-43-46-16-01-022-0190

Florida Palm Beach County Delray Beach 33444 Downtown Delray Beach

180 SW 5th Ave, Delray Beach, FL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information 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.

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