West Palm Beach Duplex
For Sale
$625,000
731 21st Street 1-2, West Palm Beach, FL 33407
Duplex near Good Samaritan Hospital in West Palm Beach.
Property Size2,470 SF
Price / SF$253.04
Days on Market313
Property Features for 731 21st Street 1-2
General Information
Standard status
Active
Size
2,470 SF
Property subtype
Multi-Family
Building Details
Year Built
1983
Listing Agency:
D'Alexis Realty Corp
Listed By:
David L Alexis · License #511103
(202) 766-4106
Source:
Wesellhomes
Added: Nov 28, 2025
Changed: Sep 12
Last Checked: Oct 5 at 11:38PM
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 D'Alexis Realty Corp
Investment Insights
Based on property information with market context.
This duplex is located in West Palm Beach, a few blocks from Good Samaritan Hospital. Each unit features 3 bedrooms and 2 bathrooms. This property is intended as an investment opportunity.
Key Highlights
- Investment opportunity.
- Located in the center of West Palm Beach.
- Close proximity to Good Samaritan Hospital.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,222
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,440
$924.4K
Cap Rate 7%
$660,314
$660.3K
Cap Rate 9%
$513,578
$513.6K
Market Conditions
NOI Build-Up for 2,470 SF
Gross rent
$69.7K $28.20/SF
− Vacancy
−$3.6K −$1.47/SF
EGI
$66.0K $26.73/SF
− OpEx
−$19.8K −$8.02/SF
NOI
$46.2K $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%
$924,440
Cap Rate 7%
$660,314
Cap Rate 9%
$513,578
Alternative Uses
Best Use
Multifamily LT 5
$660.3K
$577.8K – $770.4K
NOI $46,222 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$614.1K
$537.4K – $716.5K
NOI $42,989 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,766 @ 7.0% cap · market cap 19.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,671
Businesses Nearby
Explore this area
Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex near Good Samaritan Hospital in West Palm Beach.
Where is this duplex located?
The property is located at 731 21st Street 1-2 West Palm Beach, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Investment opportunity.; Located in the center of West Palm Beach.; Close proximity to Good Samaritan Hospital.
