Updated Duplex with Occupied
New
For Sale
$459,900
11315 SE GOLD Avenue, Hobe Sound, FL 33455
Two-unit residential income property with an updated kitchen and both sides occupied at closing.
Property Size2,204 SF
Price / SF$208.67
Days on Market3
Property Features for 11315 SE GOLD Avenue
General Information
Standard status
Active
Size
2,204 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,558
Building Details
Building Size
2,204 SF
Year Built
1981
Listing Agency:
Coastal Real Estate Profession
Listed By:
Zachary A Greenberg · License #3252794
(561) 310-9672
Source:
Pposf
Added: Sep 12
Changed: Sep 13
Last Checked: Sep 13 at 2:47PM
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 Coastal Real Estate Profession
Investment Insights
Based on property information with market context.
This 2,204-square-foot duplex, built in 1981, includes two residential units. One side has a fully renovated kitchen and is occupied by a long-term tenant. The other unit is currently occupied by the owner, who is willing to remain, providing an established occupancy arrangement for the property.
Located in Hobe Sound, the property offers a two-unit configuration suited to residential income ownership. Its existing occupants and refreshed kitchen provide concrete operating features for a buyer evaluating a duplex acquisition.
Located in Hobe Sound, the property offers a two-unit configuration suited to residential income ownership. Its existing occupants and refreshed kitchen provide concrete operating features for a buyer evaluating a duplex acquisition.
Key Highlights
- 2,204‑square‑foot duplex with two residential units
- Built in 1981
- Both units are occupied
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
$32,366
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
7.04%
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%
$647,320
$647.3K
Cap Rate 7%
$462,371
$462.4K
Cap Rate 9%
$359,622
$359.6K
Market Conditions
NOI Build-Up for 2,204 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
$48.9K $22.20/SF
− Vacancy
−$2.7K −$1.22/SF
EGI
$46.2K $20.98/SF
− OpEx
−$13.9K −$6.29/SF
NOI
$32.4K $14.69/SF
Area
Martin County, FL
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
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%
$647,320
Cap Rate 7%
$462,371
Cap Rate 9%
$359,622
Alternative Uses
Best Use
Multifamily LT 5
$462.4K
$404.6K – $539.4K
NOI $32,366 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$384.3K
$336.3K – $448.4K
NOI $26,901 @ 7.0% cap · market cap 5.85%
Theoretical Best
Retail
$579.0K
$506.6K – $675.5K
NOI $40,531 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
Demographics for 33455, FL
20,799
Population
11,681
Households
1.8
Avg Household Size
60
Median Age
36%
College-Educated
94%
High-School Grad
56.6 sq mi
ZIP Area
367
Density / Sq Mi
$74,149
Median Household Income
$35,161
Median Earnings
$1,193
Median Rent
$395,600
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 - Two-unit residential income property with an updated kitchen and both sides occupied at closing.
Where is this duplex located?
The property is located at 11315 SE GOLD Avenue Hobe Sound, FL.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: 2,204‑square‑foot duplex with two residential units; Built in 1981; Both units are occupied
