Investment Overview

Marcus & Millichap is pleased to present a five-unit multifamily property located at 1845 Dillone Lane in Juno Beach, Florida. Built in 1960, the property totals 4,140 gross square feet and is situated on a 0.38-acre lot. Constructed of concrete block, the property features a pitched composite shingle roof that was replaced in 2016 and central air conditioning throughout. The property is comprised entirely of five two-bedroom/one-bathroom units averaging approximately 828 square feet, providing spacious floorplans that continue to experience strong demand in the Juno Beach rental market. The property is serviced by private well and septic systems and is located on a private, low-traffic street, offering residents a quiet residential setting. 1845 Dillone Lane is ideally located just minutes from Juno Beach, U.S. Highway 1, PGA Boulevard, and Interstate 95, providing convenient access to major employment centers throughout northern Palm Beach County. Residents enjoy proximity to The Gardens Mall, Downtown at the Gardens, Legacy Place, John D. MacArthur Beach State Park, Juno Pier, and numerous waterfront restaurants and marinas. Nearby employment drivers include Palm Beach Gardens Medical Center, Jupiter Medical Center, and the expanding PGA Boulevard business corridor. Juno Beach remains one of South Florida's most desirable coastal communities, benefiting from limited multifamily inventory, high household incomes, and strong barriers to new development. The property's combination of spacious floorplans, separate utility metering, and premier coastal location positions it for continued rental demand and long-term appreciation. 1845 Dillone Lane presents a rare opportunity to acquire a well-maintained boutique multifamily asset in one of Palm Beach County's most sought-after beachside markets.