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Duplex with Separate Utilities

1017 13th Street, West Palm Beach, FL 33401

For Sale
$450,000

Residential Income, West Palm Beach, FL

Property Size1,344 SF
Lot Size0.15 Acres
Price / SF$334.82
Days on Market273

Property Features for 1017 13th Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning MF14(c
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4
Window features Blinds
Fencing Fenced
Subdivision FRESHWATER 11TH & 12TH AVE ADD
Lot features Fruit Tree(s), Sidewalks
Elementary school Pleasant City
Middle school Roosevelt Community
High school Palm Beach Lakes
Directions GPS
Standard status Active
APN 74434316020360100
Size 1,344 SF
Lot size 0.15 Acres

Additional Details

Individually Metered Utilities water, electricity

Taxes and HOA fees

Tax Year 2025
Tax Description FRESHWATER 11TH & 12TH AVE ADD LT 10 BLK 36
Tax Annual Amount 5951
Legal Description FRESHWATER 11TH & 12TH AVE ADD LT 10 BLK 36

Utilities

Utilities Cable Available
Sewer type Public Sewer
Cooling system Window Unit(s), Wall/Window Unit(s)
Water source Public

Amenities

washer/dryer utility closets

Building Details

Year built 1966
Floors in Building 1
Number of units 2
Flooring type Tile - Ceramic
Building materials CBS
Roof type Composition, Tar/Gravel
Buildings 1
Listing Agency: VantaSure Realty LLC
Listed By: Mark A Doring · License FL #3093883
Added: Feb 13 Changed: Nov 2 Last Checked: Nov 12 at 8:06AM
MLS# R11163329

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.

Rey
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Investment Insights

Based on property information with market context.

This duplex contains 1,344 square feet and was built in 1966 using CBS construction. Each residence provides two bedrooms and one bathroom in a mirrored configuration, with ceramic tile flooring and its own washer/dryer utility closet. Individual water and electric meters serve the units separately.

The property occupies 0.15 acres at 1017 13th Street in West Palm Beach, within ZIP Code 33401. Cooling is provided by wall/window and window units. The site is fenced and connected to public water and public sewer, with cable available. The property is identified with MF14(c zoning.

Key Highlights

  • Two mirrored units, each with 2 bedrooms and 1 bathroom
  • 1,344 square feet on a 0.15‑acre parcel
  • Individual water and electric meters for each unit

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 (±1% cap)
NOI $25,151 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$334.2K
$292.4K – $389.9K (±1% cap)
NOI $23,392 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$946.5K
$828.2K – $1.10M (±1% cap)
NOI $66,256 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,014
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Duplexes in West Palm Beach, FL

$364 Jul
$377 Aug
$374 Sep
$375 Oct

Properties on Market for Duplexes in West Palm Beach

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two mirrored residences offer practical layouts, private laundry areas, and individually metered water and electric service.
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 mirrored units, each with 2 bedrooms and 1 bathroom; 1,344 square feet on a 0.15‑acre parcel; Individual water and electric meters for each unit
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