Duplex with Private
New
For Sale
$380,000
1000 Martin Luther King Junior Boulevard, Riviera Beach, FL 33404
Residential Income, Riviera Beach, FL
Property Size2,257 SF
Lot Size0.36 Acres
Price / SF$168.37
Days on Market6
Property Features for 1000 Martin Luther King Junior Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1D (city)
Bedrooms
6
Full bathrooms
2
Rooms
Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 5
Pets allowed
No, Yes, Cats OK, Dogs OK
Pool private
1
Subdivision
PINELAND SOUTH
Elementary school
Lincoln
Middle school
Howell L. Watkins
High school
William T. Dwyer
Standard status
Active
APN
56434232010240350
Size
2,257 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
INLET CITY
Tax Annual Amount
6011
Legal Description
INLET CITY
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Water front
1
Building Details
Year built
1988
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block, CBS
Roof type
Shingle
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Alexandria Connors · License #3462744
(561) 670-6839
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 13 at 6:06PM
MLS# B26087087
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 2,257-square-foot duplex was built in 1988 and has block construction, tile flooring, central heating and central air. The room inventory includes six bedrooms and two bathrooms, and the property has a private pool. Public water and sewer serve the site, with cable available.
The 0.36-acre property is located on Martin Luther King Junior Boulevard in Riviera Beach. City zoning is R1D. It is tenant-occupied and is included in a 14-property Palm Beach County portfolio; the seller prefers a complete portfolio sale but will consider purchases in groups.
The 0.36-acre property is located on Martin Luther King Junior Boulevard in Riviera Beach. City zoning is R1D. It is tenant-occupied and is included in a 14-property Palm Beach County portfolio; the seller prefers a complete portfolio sale but will consider purchases in groups.
Key Highlights
- 2,257‑square‑foot duplex on a 0.36‑acre lot
- Tenant‑occupied property included in a 14‑property Palm Beach County portfolio
- Private pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,711
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,220
$694.2K
Cap Rate 7%
$495,871
$495.9K
Cap Rate 9%
$385,678
$385.7K
Market Conditions
NOI Build-Up for 2,257 SF
Gross rent
$66.1K $29.28/SF
− Vacancy
−$3.0K −$1.32/SF
EGI
$63.1K $27.96/SF
− OpEx
−$28.4K −$12.58/SF
NOI
$34.7K $15.38/SF
Area
Palm Beach County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,220
Cap Rate 7%
$495,871
Cap Rate 9%
$385,678
Alternative Uses
Best Use
Multifamily LT 5
$537.5K
$470.3K – $627.1K
NOI $37,624 @ 7.0% cap · market cap 9.90%
Second Best
Apartment 5plus
$495.9K
$433.9K – $578.5K
NOI $34,711 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,265 @ 7.0% cap · market cap 29.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
29
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Explore this area
Business Placement
Demographics for 33404, FL
31,869
Population
15,990
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
7.3 sq mi
ZIP Area
4,366
Density / Sq Mi
$60,225
Median Household Income
$35,521
Median Earnings
$1,507
Median Rent
$305,600
Median Home Value
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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 - Tenant occupancy is in place, with central air and central heating serving the residence.
Where is this duplex located?
The property is located at 1000 Martin Luther King Junior Boulevard Riviera Beach, FL.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 2,257‑square‑foot duplex on a 0.36‑acre lot; Tenant‑occupied property included in a 14‑property Palm Beach County portfolio; Private pool
