Two-Unit Duplex with
For Sale
$585,000
1-512 Holly Dr, Palm Beach Gardens, FL 33415
Two residences feature tiled interiors, equipped kitchens, and private indoor laundry areas with included washers and dryers.
Property Size1,920 SF
Price / SF$304.69
Days on Market55
Property Features for 1-512 Holly Dr
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,468
Amenities
indoor laundry area
Listing Agency:
KW Reserve Palm Beach
Listed By:
Jeffrey L Tricoli PA · License #3082942
(561) 220-6006
Source:
Exprealty
Added: Sep 9
Changed: Oct 27
Last Checked: Nov 1 at 11:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Reserve Palm Beach
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,920-square-foot duplex contains two separate residences, each arranged with 2 bedrooms and 2 bathrooms. Both units provide a living area, tile flooring throughout, and a functional kitchen equipped with appliances and cabinet storage. Indoor laundry areas include a washer and dryer in each residence.
The property is located on Holly Dr in Palm Beach Gardens, Florida, and carries no HOA restrictions. Its two-unit configuration supports rental use or multi-generational occupancy as described in the property information.
The property is located on Holly Dr in Palm Beach Gardens, Florida, and carries no HOA restrictions. Its two-unit configuration supports rental use or multi-generational occupancy as described in the property information.
Key Highlights
- Two‑unit duplex totaling 1,920 square feet
- Each unit includes 2 bedrooms and 2 bathrooms
- Tile flooring throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,006
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,120
$640.1K
Cap Rate 7%
$457,229
$457.2K
Cap Rate 9%
$355,622
$355.6K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$48.4K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$45.7K $23.81/SF
− OpEx
−$13.7K −$7.14/SF
NOI
$32.0K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,120
Cap Rate 7%
$457,229
Cap Rate 9%
$355,622
Alternative Uses
Best Use
Multifamily LT 5
$457.2K
$400.1K – $533.4K
NOI $32,006 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$421.8K
$369.1K – $492.1K
NOI $29,528 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,652 @ 7.0% cap · market cap 16.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Explore this area
Business Placement
Demographics for 33415, FL
51,251
Population
20,364
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
77%
High-School Grad
7.3 sq mi
ZIP Area
7,021
Density / Sq Mi
$57,199
Median Household Income
$35,146
Median Earnings
$1,597
Median Rent
$220,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature tiled interiors, equipped kitchens, and private indoor laundry areas with included washers and dryers.
Where is this duplex located?
The property is located at 1-512 Holly Dr Palm Beach Gardens, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,920 square feet; Each unit includes 2 bedrooms and 2 bathrooms; Tile flooring throughout both units
