No photos available
Offered at
$3,200,000
, Boca Raton, FL 33432
- 0
- Beds
- 0
- Full Baths
- 8,566
- Sq.Ft.
Listing courtesy of Periklis Synanidis, CBRE, Inc.
Property Description
Gateway Manor is an 8-unit multifamily asset in East Boca Raton, one of the most desirable and supply-constrained coastal submarkets. Family owned and maintained for 40+ years, the property offers clear value-add potential supported by strong demographics and limited new supply.Built in 1975 with concrete block construction, the asset sits on 0.35 acres and features a functional mix averaging 948 SF: 2 one-bed/2-bath, 4 one-bed + den/2-bath, and 2 two-bed/2-bath units. The ground floor includes two garages, an office, storage, and laundry facilities, providing flexibility for added income or future amenities.Gateway Manor is 100% occupied with average rents of $2,063, approximately 15–30% below market. A full interior renovation—modern kitchens/baths, in-unit W/Ds, new flooring, impact windows, and ceiling updates—supports post-renovation rents of ~$2,750, an estimated $700 premium per unit.The property is minutes from Mizner Park, Downtown Boca, Royal Palm Place, and premier beaches. The one-mile radius features $115,000+ average household income and $600,000+ median home values, supporting strong rental demand and low vacancy.With an irreplaceable East Boca location, below-market rents, large unit sizes suited for repositioning, and long-term ownership stability, Gateway Manor offers a compelling opportunity for near-term rent growth and long-term appreciation.
Overview
At a glance
- Property Type
- Commercial Sale
- Property Sub-Type
- Multi Family
- Address
- , Boca Raton, FL 33432
- Zoning
- R3 (city
- MLS ID
- A11971926
- Listing Date
- 2026-02-25
- Last Updated
- 6/23/2026, 12:38:12 PM
- Days on Market
- 152
Features & Amenities
The Details
Details
- Building Area
- 8,566 sq.ft.
- Lot Size
- 15,246 sq.ft.
- Lot Size (Acres)
- 0.35 acres
- Stories
- 3
- Year Built
- 1975
- Zoning
- R3 (city
Financial
- List Price
- $3,200,000
- Original List Price
- $3,500,000
- Annual Tax
- $18,281/yr
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Learn More →Information & Accuracy
All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.