NOT LISTED FOR SALE

180 SW 5th Ave Delray Beach, FL 33444

Downtown Delray Beach Neighborhood

Estimated Value: $585,000 - $937,000

Studio
5 Baths
1,968 Sq Ft
$390/Sq Ft Est. Value

Sale Details

Date Sold: December 11, 2023

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

Est. 1% increase in value since last sale

Current estimated payment $4,897 / mo

39 Days on Market

Highlights

  • Garden View
  • No HOA
  • Patio
  • Outdoor Living Area
  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring

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 Sq Ft Lot
  • Fenced

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

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

Flooring

  • Laminate
  • Ceramic Tile

Outdoor Features

  • Patio
  • Outdoor Living Area

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Three-Phase Power

Listing and Financial Details

  • Tenant pays for cable TV, electricity, water
  • 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
  • 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
  • Number Of Units Total: 4
  • Annual Gross Income: 72000.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5322.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2023
Closed on
Dec 11, 2023
Sold by
Bought by
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
53
Current Estimated Value
$768,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,204
Avg. Annual Appreciation
0.42%

Purchase Details

Closed on
Nov 28, 2006
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Jan 27, 1997
Sold by
Bought by

Purchase Details

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$760,000 Clear Lake Title Services
$760,000 Clear Lake Title Services
$45,000 First Priority Title Company
$195,000 --
$100 --
$100 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    40 in this area

    184 Total Sales

    Noreen Payne
    Section Image
  • Amy Snook

    Seller Co-Listing Agent in 2023

    Amy Snook

    Lang Realty/Delray Beach

    (954) 445-4545

    42 in this area

    192 Total Sales

    Amy Snook
    Section Image
  • Antony Kritharis

    Buyer's Agent in 2023

    Antony Kritharis

    Illustrated Properties

    (561) 997-4068

    6 in this area

    48 Total Sales

    Antony Kritharis
    Section Image
See All Agents

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

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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.