Income-Producing Duplex in West
4727 Myrtle Lane West Palm Beach, FL 33417
4727 Myrtle Lane, West Palm Beach, FL, 33417
$550,000
For Sale
Under Contract
$550,000
MULTI_FAMILY - West Palm Beach, FL
Property Size1,710 SF
Lot Size0.23 Acres
Price / SF$321.64
Days on Market72
Property Features for 4727 Myrtle Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RH
- Bedrooms
- 6
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 6
- Pets allowed
- No, Yes
- Standard status
- Active Under Contract
- APN
- 00424325030000500
- Size
- 1,710 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- MERLIN PARK REV PL LT 50
- Tax Annual Amount
- 11802
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air, Ceiling Fan(s), Zoned
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Wood, Tile - Ceramic
- Building materials
- CBS, Frame, Stucco
- Roof type
- Composition
Listing Agency
KW Reserve Palm Beach
(561) 966-4000
2041 Vista Parkway Ste. 201, West Palm Beach, FL
Listed by
Loodmy Jacques · License #3222697
(561) 678-5584
Added: May 8 Checked: Jul 18 at 9:06 am
MLS# B26026108
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.
Investment Insights
Based on property information with market context.
This income-producing duplex in West Palm Beach offers potential for investors and owner-occupants. Situated on a lot of 0.23 acres, the property features two separate units, 4727 and 4729 Myrtle Lane, each with layouts and private entrances. Unit 4729 is currently tenant-occupied, providing rental income potential. The property offers living and dining areas with tile flooring, recessed lighting, and updated kitchens featuring granite countertops, wood cabinetry, stainless steel appliances and fixtures. The property includes bedrooms and bathrooms, with windows providing natural light. The expansive backyard offers outdoor potential. The property is located near major roads, shopping, dining, schools, and local amenities, offering access to West Palm Beach. The property has ample parking and outdoor space. The property size is 1710 square feet. The property is zoned RH.
Key Highlights
- Duplex with two separate units: 4727 and 4729 Myrtle Lane; Unit 4729 is currently tenant‑occupied
- Updated kitchens in both units with granite countertops, wood cabinetry, and stainless steel appliances
- Tile flooring throughout with recessed lighting and open‑concept living and dining areas
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.2k | $28.20 |
| − Vacancy | −$2.5k | −$1.47 |
| EGI | $45.7k | $26.73 |
| − OpEx | −$13.7k | −$8.02 |
| NOI | $32.0k | $18.71 |
1,710 SF · lease $28.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$457.1K
$400.0K – $533.3K
NOI $32,000 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$425.2K
$372.0K – $496.0K
NOI $29,762 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,299 @ 7.0% cap · market cap 15.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with tenant-occupied unit, updated kitchens, and large backyard.
Where is this duplex located?
The property is located at 4727 Myrtle Lane 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 with two separate units: 4727 and 4729 Myrtle Lane; Unit 4729 is currently tenant‑occupied; Updated kitchens in both units with granite countertops, wood cabinetry, and stainless steel appliances; Tile flooring throughout with recessed lighting and open‑concept living and dining areas
