Single Family Residence · Under contract

821 SW 4th Avenue

Delray Beach, FL 33444

$650,000

Beds: 5
Baths: 4
Sq ft: 1,607
Year built: 1927
Price per sq ft: $404

Listing courtesy of Matan Morag, Regency Realty Services

About this home

SHORT-SALE! PROFORMA 10-11% CAP RATE! Downtown Delray builder special! 16,030sf CORNER LOT (140ftx114ft). Great opportunity! New construction around! Existing singe-family home situated on enormous lot and features main house with 3br/2ba, garage and two additional efficiency/studio units. Potential options: 1) Redevelopment opportunity: build 1 or 2 homes; each house could have large 8,000sf+/- lots 2) Add/build ADU, 3) Combine house into large interior space to create one large home 4) Rehab & maintain same floor plan then rent out all 3 spaces; PROFORMA 10-11% CAP RATE! Excellent location near Swinton Ave; ~1 mile to the beach. Spacious yard. Walk to Swinton/Atlantic Ave, downtown! No HOA! Short-term rental potential! Located in Opportunity Zone and Delray Beach CRA District!

Details

Property

Type: Single Family Residence
Style: Ranch
Year built: 1927
Stories: 1
Lot size: 16,030 sq ft
Subdivision: Town of Delray Beach / Dow,Town of Delray Beach
County: Palm Beach County
Faces: North

Interior

Appliances: Electric Water Heater, Electric Range, Refrigerator
Flooring: Parquet
Cooling: Central Air, Electric
Heating: Central
Features: Split Bedroom, Storage
Furnished: Unfurnished

Exterior and parking

Patio and porch: Patio
Pool: Community
Parking: 1 Space, Open, Parking Garage
Garage spaces: 1

Community and fees

Amenities: Basketball Court, Bike/Jog Path, Boat Dock, Community Pool, Pool, Private Pool, Tennis Court(s)
Pets: Yes
Annual taxes: $6,197
Terms: All Cash, Conventional, FHA, FHA 203K, VA Loan

Neighborhood

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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.

Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated September 8, 2026.