Duplex with Impact
For Sale
Under Contract
$620,000
618 49TH Street, West Palm Beach, FL 33407
Residential Income, West Palm Beach, FL
Property Size2,200 SF
Lot Size0.18 Acres
Price / SF$281.82
Days on Market53
Property Features for 618 49TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF7 (city)
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 4, Bedroom 3, Bedroom 5, Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4
Window features
Blinds
Patio and Porch features
Porch
Pets allowed
Yes, Cats OK, Dogs OK
Fencing
Fenced
Subdivision
NORTH PALM BCH 2
Lot features
Room for Pool
Elementary school
West Riviera
Middle school
John F. Kennedy (Palm Beach)
High school
Palm Beach Lakes
Standard status
Active Under Contract
APN
74434304050230830
Size
2,200 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH PALM BEACH PLAT NO 2 LTS 83 THRU 85 BLK 23
Tax Annual Amount
7855
Legal Description
NORTH PALM BEACH PLAT NO 2 LTS 83 THRU 85 BLK 23
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s), Ceiling Fan(s)
Water source
Public
Amenities
impact windows
Building Details
Year built
1950
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
CBS
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Crystal Goodwin · License #3287639
(561) 767-6182
Added: Jul 28
Changed: Sep 17
Last Checked: Sep 18 at 4:06PM
MLS# B26057621
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 West Palm Beach duplex contains 2,200 square feet across two residences, with one offering four bedrooms and three bathrooms and the other providing two bedrooms and one bathroom. Built in 1950, the CBS property features impact windows throughout, tile flooring, porches, fencing, and a mix of wall/window units, window units, and ceiling fans for cooling. Public water and sewer serve the property, with cable available. The parcel measures 0.18 acres and carries SF7 city zoning.
The property is near Downtown West Palm Beach, beaches, St. Mary's Medical Center, shopping, dining, major highways, and Palm Beach International Airport. It is also near the Northwood redevelopment district and its ongoing mixed-use development and infrastructure improvements.
The property is near Downtown West Palm Beach, beaches, St. Mary's Medical Center, shopping, dining, major highways, and Palm Beach International Airport. It is also near the Northwood redevelopment district and its ongoing mixed-use development and infrastructure improvements.
Key Highlights
- Two‑unit duplex with 2,200 square feet of property size
- 4‑bedroom, 3‑bathroom residence paired with a 2‑bedroom, 1‑bathroom residence
- 0.18‑acre parcel with SF7 (city) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,170
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$823,400
$823.4K
Cap Rate 7%
$588,143
$588.1K
Cap Rate 9%
$457,444
$457.4K
Market Conditions
NOI Build-Up for 2,200 SF
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.
Gross rent
$62.0K $28.20/SF
− Vacancy
−$3.2K −$1.47/SF
EGI
$58.8K $26.73/SF
− OpEx
−$17.6K −$8.02/SF
NOI
$41.2K $18.71/SF
Area
West Palm Beach, FL
Vacancy
5.20%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$823,400
Cap Rate 7%
$588,143
Cap Rate 9%
$457,444
Alternative Uses
Best Use
Multifamily LT 5
$588.1K
$514.6K – $686.2K
NOI $41,170 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$547.0K
$478.6K – $638.2K
NOI $38,290 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,455 @ 7.0% cap · market cap 17.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Explore this area
Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide a six-bedroom, four-bathroom configuration suited to rental income or owner occupancy.
Where is this duplex located?
The property is located at 618 49TH Street West Palm Beach, FL.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,200 square feet of property size; 4‑bedroom, 3‑bathroom residence paired with a 2‑bedroom, 1‑bathroom residence; 0.18‑acre parcel with SF7 (city) zoning
