Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1602 Meridian Road West Palm Beach, FL 33417

    View on Map
    Claim this Listing
    New
    Picture of Duplexes at 1602 Meridian Road, West Palm Beach, FL
    For Sale
    $550,000

    MULTI_FAMILY - West Palm Beach, FL

    Property size:
    1,620 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $339/SF
    Added:
    May 2, 2026
    Days on Market:
    5
    Last Refresh:
    May 6 at 4:06 am

    Property Features for 1602 Meridian Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM
    Bedrooms
    4
    Rooms
    Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2
    Window features
    Blinds
    Pets allowed
    No, Yes
    Fencing
    Fenced
    Standard status
    Active
    APN
    00424326040250130
    Size
    1,620 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PLANTATION VILLAGE LT 13 BLK 25
    Tax Annual Amount
    5165

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1974
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Concrete, Stucco
    Roof type
    Shingle

    We can help!

    Listing Contact
    Cynthia De La Paz Valdez

    Listing agent Cynthia De La Paz Valdez License #3543253

    Listing office CGI Realty 1159 Royal Palm Beach Blvd., royal palm beach, FL

    Listing date May 2, 2026

    MLS# B26023574 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Palm Beach Duplex

    This property is a duplex, presenting an opportunity for investors. It is located in West Palm Beach, Florida. The property includes two units: Unit A and Unit B, each featuring two bedrooms and one bathroom. The lot size is 0.23 acres. The property size is 1620 square feet and is zoned RM.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.133601
    Latitude
    26.701195

    Nearby Similar for Sale

    • $5,900,000
      25,646 SF

      Premier Office Building For Sale

      Prime office building in the heart of Palm Beach County.
      2240 Palm Beach Lakes Boulevard, West Palm Beach, FL 33409
      View Details
    • $800,000
      3,168 SF

      Income-Producing Multifamily Property

      Multifamily property with strong rental history in West Palm Beach.
      1675 E Breezy Lane, West Palm Beach, FL 33417
      View Details
    • $20,000,000
      5,452 SF

      Downtown West Palm Beach Redevelopment

      Prime redevelopment portfolio in Downtown West Palm Beach, Florida.
      401 N Rosemary Avenue, West Palm Beach, FL 33401
      View Details
    • $2,300,000
      2,080 SF

      West Palm Beach Commercial Property

      Two-building commercial property in West Palm Beach's Warehouse District.
      1200 Clare Avenue, West Palm Beach, FL 33401
      View Details
    • $975,000
      3,069 SF

      West Palm Beach Multifamily Opportunity

      Multifamily property in a growing area, close to Intercoastal.
      3621 Morton Avenue, West Palm Beach, FL 33405
      View Details
    • $995,000
      2,603 SF

      West Palm Beach Duplex

      Duplex with income potential in West Palm Beach, Florida.
      4391 Potomac Avenue, West Palm Beach, FL 33406
      View Details
    • $2,999,000
      5,245 SF

      Freestanding Office Building For Sale

      Two-story office building with high visibility and convenient access.
      1300 Old Congress Avenue, West Palm Beach, FL
      View Details
    • $659,900
      2,600 SF

      West Palm Beach Income Property

      Spanish Mission style home with guest house near Nora District.
      619 30th Street, West Palm Beach, FL 33407
      View Details
    • $1,150,000
      3,500 SF

      West Palm Beach Industrial Condo

      Versatile industrial condo with office, showroom, and warehouse space.
      5401 N Haverhill Road, West Palm Beach, FL 33407
      View Details
    • $340,000
      5,000 SF

      West Palm Beach Commercial Property

      Commercial property for sale in West Palm Beach, Florida.
      2731 Pinewood Avenue, West Palm Beach, FL 33407
      View Details
    • $2,400,000
      3,682 SF

      Retail Strip Center on Dixie

      Retail strip center with frontage on Dixie Highway in West Palm Beach.
      3412 S Dixie Highway, West Palm Beach, FL 33405
      View Details
    • $718,000
      2,772 SF

      West Palm Beach Multifamily Property

      Multifamily property in West Palm Beach, Florida.
      4600 Kelmar Drive, West Palm Beach, FL
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex in West Palm Beach, great for investors.
    Where is this duplex located?
    The property is located at 1602 Meridian Road West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Duplex: Ideal for investors seeking rental income.; Two units: Each unit features 2 bedrooms and 1 bathroom.; Durable construction: Built with concrete and stucco.
    (561) 444-5488
    We can help!
    Listing Contact
    Cynthia De La Paz Valdez
    Real Estate License ID: 3543253
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1602 Meridian Road, West Palm Beach, FL 33417
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!