Two-Unit Duplex with Laundry
For Sale
$450,000
1017 13th Street, West Palm Beach, FL 33401
Both units offer a two-bedroom, one-bathroom layout with dedicated washer and dryer utility closets.
Property Size1,344 SF
Days on Market72
Property Features for 1017 13th Street
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,951
Building Details
Building Size
1,344 SF
Year Built
1966
Listing Agency:
VantaSure Realty LLC
Listed By:
Mark A Doring · License #3093883
(561) 929-0428
Source:
Darlenestreit
Added: Aug 22
Changed: Oct 31
Last Checked: Nov 1 at 2:35PM
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 VantaSure Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1966, this West Palm Beach duplex contains two similarly configured units. Each unit includes two bedrooms, one bathroom, and its own washer and dryer utility closet. Individual water and electric meters serve the units, providing separate utility measurement for each side. The property is located at 1017 13th Street in the 33401 ZIP code.
Key Highlights
- Two‑unit duplex in West Palm Beach
- Each unit has 2 bedrooms and 1 bathroom
- Mirrored layouts across both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,151
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,020
$503.0K
Cap Rate 7%
$359,300
$359.3K
Cap Rate 9%
$279,456
$279.5K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$37.9K $28.20/SF
− Vacancy
−$2.0K −$1.47/SF
EGI
$35.9K $26.73/SF
− OpEx
−$10.8K −$8.02/SF
NOI
$25.2K $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 Rate 5%
$503,020
Cap Rate 7%
$359,300
Cap Rate 9%
$279,456
Alternative Uses
Best Use
Multifamily LT 5
$359.3K
$314.4K – $419.2K
NOI $25,151 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$334.2K
$292.4K – $389.9K
NOI $23,392 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$946.5K
$828.2K – $1.10M
NOI $66,256 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,014
Businesses Nearby
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Business Placement
Demographics for 33401, FL
31,302
Population
19,051
Households
1.6
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,138
Density / Sq Mi
$60,942
Median Household Income
$39,932
Median Earnings
$1,774
Median Rent
$430,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both units offer a two-bedroom, one-bathroom layout with dedicated washer and dryer utility closets.
Where is this duplex located?
The property is located at 1017 13th Street West Palm Beach, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex in West Palm Beach; Each unit has 2 bedrooms and 1 bathroom; Mirrored layouts across both units
