Renovated Residential Income
New
For Sale
$695,000
1127 E Seminole Avenue 24b, Jupiter, FL 33477
Three-bedroom, two-bath coastal villa with enclosed patio, private courtyard, and two assigned parking spaces.
Property Size1,659 SF
Price / SF$418.93
Days on Market6
Property Features for 1127 E Seminole Avenue 24b
General Information
Standard status
Active
Size
1,659 SF
Total Parking Spaces
2
Property subtype
Quadruplex
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,303
Amenities
pool
tennis
pickleball
racquetball
bocce courts
Building Details
Building Size
1,659 SF
Year Built
1981
Listing Agency:
Jupiter Lighthouse Realty Inc
(561) 701-0930
Listed By:
Marina Brier · License #3149556
(561) 701-0930
Source:
Pposf
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 10 at 10:05AM
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 Jupiter Lighthouse Realty Inc
Investment Insights
Based on property information with market context.
This renovated residential income property is a 1,659-square-foot villa with three bedrooms and two bathrooms. An enclosed patio expands the usable living area, while impact glass windows and doors provide a durable modern improvement. The residence also includes a private courtyard, storage shed, and two assigned parking spaces positioned outside the courtyard.
The property is located in Jupiter near Carlin Park and the beach, with Publix, waterfront restaurants, shopping, and entertainment within walking distance. Bella Vista community amenities include a pool, tennis, pickleball, racquetball, and bocce courts. Built in 1981, the property offers a residential configuration suitable for full-time, seasonal, or investment use.
The property is located in Jupiter near Carlin Park and the beach, with Publix, waterfront restaurants, shopping, and entertainment within walking distance. Bella Vista community amenities include a pool, tennis, pickleball, racquetball, and bocce courts. Built in 1981, the property offers a residential configuration suitable for full-time, seasonal, or investment use.
Key Highlights
- 1,659‑square‑foot villa with 3 bedrooms and 2 bathrooms
- Completely renovated with impact glass windows and doors
- Enclosed patio adds additional living space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,514
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$510,280
$510.3K
Cap Rate 7%
$364,486
$364.5K
Cap Rate 9%
$283,489
$283.5K
Market Conditions
NOI Build-Up for 1,659 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.6K $29.28/SF
− Vacancy
−$2.2K −$1.32/SF
EGI
$46.4K $27.96/SF
− OpEx
−$20.9K −$12.58/SF
NOI
$25.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$510,280
Cap Rate 7%
$364,486
Cap Rate 9%
$283,489
Alternative Uses
Best Use
Apartment 5plus
$364.5K
$318.9K – $425.2K
NOI $25,514 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,785 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
Explore this area
Business Placement
Demographics for 33477, FL
12,683
Population
10,986
Households
1.2
Avg Household Size
68
Median Age
58%
College-Educated
97%
High-School Grad
6.2 sq mi
ZIP Area
2,046
Density / Sq Mi
$104,107
Median Household Income
$62,458
Median Earnings
$2,576
Median Rent
$612,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom, two-bath coastal villa with enclosed patio, private courtyard, and two assigned parking spaces.
Where is this residential income property located?
The property is located at 1127 E Seminole Avenue 24b Jupiter, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 1,659‑square‑foot villa with 3 bedrooms and 2 bathrooms; Completely renovated with impact glass windows and doors; Enclosed patio adds additional living space
