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Boca Raton, FL 33432

$3,500,000

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https://www.propertypanorama.com/instaview/mia/A11971926

Property Type: Commercial Sale Square Footage: 8,566 Status: Active

Current Price: $3,500,000 List Date: 2/25/2026 Last Modified: 6/04/2026

Overview

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 bea ... (Read more)

Listing Details MLS# A11971926

General Property Information

Number Of Buildings: Yes
Number Of Units Total: 2
Occupant Type: Call Listing Agent
Building Area Main: 8566
Year Built: 1975
Parking Total: 14
Lot Size Area: 15246
Lot Size Acres: 0.35
Stories Total: 3

Property Features

Tenant Pays: Electricity; Interior Electric

Contract Information

Comp Sale YN: No
Original List Price: 3500000

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Boca Raton
State Or Province: FL
Postal Code: 33432
Postal Code +4: 5838
Geographic Area: PB04
Subdivision Number: 3
Zoning: R3 (city
Flood Zone: X

Financial Information

Tax Annual Amount: 18281
Tax Legal Description: BOCA RATON SQUARE GATEWAY LT 6 BLK 3

Status Change Information

Major Change Timestamp: 2026-02-25T05:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-02-25

More Information

Short Sale Details

Short Sale Addendum: No

Description of Unit Type 1

Unit Type: 1 Bedroom
Units Total: 5
Furnished: No
Annual Rent: 2017

Description of Unit Type 2

Unit Type: 2 Bedroom
Units Total: 2
Furnished: No
Annual Rent: 2200

Section Details

Parcel Number MLX: 0060

Originating Details

Originating System Key: 429223037
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Tenant Pays

Electricity: Yes
Interior Electric: Yes

Listing Office: CBRE, Inc.

Last Updated: June - 04 - 2026

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