Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    West Palm Beach Multifamily Property Title is generated by Realmo AI

    732 Highland Drive, West Palm Beach, FL 33405

    View on Map
    Claim this Listing
    New
    For Sale
    $469,000

    MULTI_FAMILY - West Palm Beach, FL

    Property size:
    1,170 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $400/SF
    Added:
    May 14, 2026
    Days on Market:
    4
    Last Refresh:
    May 17 at 4:06 pm

    Property Features for 732 Highland Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    SF7 (city)
    Bedrooms
    4
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4
    Pets allowed
    Yes
    Exterior features
    Barbecue, Storage
    Standard status
    Active
    APN
    74434404160001090
    Size
    1,170 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    FERNWOOD LTS 109~ 110 & W 15 FT OF LT 111
    Tax Annual Amount
    6939

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1948
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl, Tile, Wood
    Building materials
    Frame, Vinyl Siding, Wood Frame
    Roof type
    Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Leonardo J Rivera
    Leonardo J Rivera

    Listing agent Leonardo J Rivera License #3102073

    Listing office Partnership Realty Inc. 1663 S Congress Avenue, West Palm Beach, FL

    Listing date May 14, 2026

    MLS# B26028604 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.

    HighLights

    • Large unit currently leased for $2300 monthly.
    • Separate small unit setup as a Short‑Term Rental (STR) with its own parking and fenced patio.
    • Large unit features quartz countertops and solid wood kitchen cabinets.
    • Large unit includes a separate dining area and office/den.
    • Two electrical meters offer flexibility.
    • Exterior features include barbecue and storage.

    Overview

    This multifamily property is located in West Palm Beach, Florida. The property includes a large unit currently leased for $2300 monthly. The large unit features quartz countertops, solid wood kitchen cabinets, a separate dining area, and an office/den, as well as a carport. The property has two electrical meters and one water meter. The smaller unit is completely separate, featuring its own parking area and fenced patio. It is currently set up as a short-term rental. The lot size is 0.19 acres. The property size is 1170 square feet. The zoning is SF7 (city).
    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 Daycare Center

    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
    -80.061599
    Latitude
    26.662393

    Nearby Similar for Sale

    • $399,900
      1,156 SF

      West Palm Beach Medical/Commercial Space

      Versatile medical/commercial space near amenities and transportation.
      1501 Presidential Way, West Palm Beach, FL
      View Details
    • $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
    • $550,000
      1,710 SF

      Income-Producing Duplex in West Palm

      Duplex with tenant-occupied unit, updated kitchens, and large backyard.
      4727 Myrtle 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
    • $949,900
      3,069 SF

      West Palm Beach Multifamily Opportunity

      Multifamily property in a growing area, close to amenities.
      3621 Morton Avenue, West Palm Beach, FL 33405
      View Details
    • $250,000
      649 SF

      Downtown West Palm Beach Office

      Office suite in a central, high-visibility West Palm Beach location.
      120 S Olive Avenue, West Palm Beach, FL 33401
      View Details
    • $569,500
      990 SF

      Updated Duplex in West Palm

      Updated duplex perfect for generating passive income in West Palm.
      516 Nathan Hale Road, West Palm Beach, FL 33405
      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
    • $1,700,000
      3,905 SF

      West Palm Beach Multifamily Gem

      Charming multifamily property in West Palm Beach's historic district.
      415 31st Street, West Palm Beach, FL
      View Details
    • $629,000
      2,775 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

    FAQs

    What type of property is this?
    Duplex - Multifamily property in West Palm Beach with STR potential.
    Where is this duplex located?
    The property is located at 732 Highland Drive West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $469,000.
    What are key features of this property?
    This property features: Large unit currently leased for $2300 monthly.; Separate small unit setup as a Short‑Term Rental (STR) with its own parking and fenced patio.; **Large unit features quartz countertops and solid wood kitchen cabinets.**
    (561) 236-9325
    We can help!
    Listing Contact
    Leonardo J Rivera
    Leonardo J Rivera
    Real Estate License ID: 3102073
    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
    732 Highland Drive, West Palm Beach, FL 33405
    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!