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Gateway Manor 422 SW 9th St 8 Unit Apartment Building $3,500,000 ($437,500/Unit) Boca Raton, FL 33432
Investment Highlights
- Irreplaceable East Boca location
- Large unit sizes suited for premium repositioning
- Below market rents with clear upside
Executive Summary
• 8 units in East Boca Raton
• Family owned, impeccably maintained for 40+ years by same owner
• 8 units (mix of 1BR, 1BR+Den, and 2BR), average 948 SF
• 100% occupied, in place rents avg $2,063
• Rents are 15–30% below market, with value add upside to achieve ~$2,750 post renovation
• Prime East Boca location near Mizner Park, Downtown, and the beaches
At grade, the building also includes two garages, an office, storage areas, and laundry facilities—flexible spaces currently used by ownership but ideal for future revenue generation or amenity enhancement.
• Family owned, impeccably maintained for 40+ years by same owner
• 8 units (mix of 1BR, 1BR+Den, and 2BR), average 948 SF
• 100% occupied, in place rents avg $2,063
• Rents are 15–30% below market, with value add upside to achieve ~$2,750 post renovation
• Prime East Boca location near Mizner Park, Downtown, and the beaches
At grade, the building also includes two garages, an office, storage areas, and laundry facilities—flexible spaces currently used by ownership but ideal for future revenue generation or amenity enhancement.
Property Facts
| Price | $3,500,000 | Building Class | C |
| Price Per Unit | $437,500 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 8,566 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1975 |
| Apartment Style | Low-Rise | Parking Ratio | 1.35/1,000 SF |
| Zoning | R3 | ||
| Price | $3,500,000 |
| Price Per Unit | $437,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 8,566 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1975 |
| Parking Ratio | 1.35/1,000 SF |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+2 | 2 | - | - |
| 2+2 | 6 | - | - |
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 06-43-47-30-03-003-0060 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $767,969 |
Property Taxes
Parcel Number
06-43-47-30-03-003-0060
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$767,969
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Gateway Manor | 422 SW 9th St
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