List Price
decreased
from $3,500,000
to $3,200,000
-
Beds
0
Baths
8,566
Sq Ft
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 1530% below market. A full interior renovationmodern kitchens/baths, in-unit W/Ds, new flooring, impact windows, and ceiling updatessupports 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.
- MLS# A11971926
- Date Listed02/25/2026
- Days on Realty 140 Days
- Bedrooms -
- Bathrooms
- Lot Size 0.35 acres (15,246 sq. ft)
- County Palm Beach
- Year Built 1975
- Square Feet 8,566 sq. ft
- Price Per Sq. Ft $373.57
Exterior / Lot Features
- Roof -
- Lot Size Acres 0.35
- Lot Size SQFT 15,246.00
- Lot Features -
Financial Considerations
- Tax Amount $18,281
- Terms Cash, Conventional, FHA, VA Loan
Sales & Tax History
Source: Public Records
Local Neighborhood Highlights for 33432
Discover key demographics, population statistics, and environmental insights for the Boca Raton, FL area.
Population & Environment
Source: Sperling's Best Places
64/100
Somewhat Walkable
Walk Score ®
38/100
Some Transit
Transit Score ®
68/100
Bikable
Bike Score ®
Overview
Some errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.
Transit Summary
4 nearby routes: 4 bus, 0 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 40/100, Transit Score: 25/100, Bike Score: 55/100.
Property Change History
Price Per Square Foot
decreased
from $408.59
to $373.57
Points of Interest near , Boca Raton, FL 33432
Frequently Asked Questions for
Source: Realty.com
, Boca Raton, FL 33432 in Boca Raton, FL 33432 is a multi family listed at $3,200,000. Highlights include 8,566 sq. ft., built in 1975, 0.35 acre lot, $374 per sq. ft.. Realty.com has 23 photos, sales history, school insights, and mortgage tools for this listing.
Realty.com has 23 photos of .
Our records indicate that was built in 1975.
The full address for this home is , Boca Raton, FL 33432.
has been listed on Realty.com since Wed February 25, 2026
Some errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 40/100, Transit Score: 25/100, Bike Score: 55/100.
Listing provided courtesy of:
Cbre, Inc.
(tel: 954-462-5655)
Listing agent:
Periklis Synanidis
(tel: 352-278-7572)
(#3363966)
This content last refreshed on 2026-07-15 14:21:02. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
