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• 8,566 sqft

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.

Listing Status:

Active

Date Added:

February 25, 2026

Data Last Updated:

July 3, 2026 at 8:22PM

Listing Office:

CBRE, Inc. : 954-462-5655

Listing Agent:

Periklis Synanidis : 352-278-7572

MLS ID:

A11971926

Exterior

• Parking: Parking spaces: 14

Construction

• General: 3

Location

• Originating MLS: BEACH_MIAMI
• County: Palm Beach

Lot

• Zoning: R3 (cityBOCA RATON SQUARE GATEWAY LT 6 BLK 306434730030030060

Financial

• Source: BEACH_MIAMI