Duplex with
For Sale
$495,000
1225 W 10th Street, Riviera Beach, FL 33404
Residential Income, Riviera Beach, FL
Property Size1,680 SF
Lot Size0.11 Acres
Price / SF$294.64
Days on Market11
Property Features for 1225 W 10th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-8(c
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Window features
Blinds
Patio and Porch features
Patio
Pets allowed
Number Limit, Cats OK, Size Limit, Breed Restrictions, Yes
Subdivision
INLET CITY
Lot features
Fruit Tree(s)
Elementary school
Lincoln
Middle school
John F. Kennedy (Palm Beach)
High school
William T. Dwyer
Standard status
Active
APN
56434232010120070
Size
1,680 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
INLET CITY LTS 7 & 8 BLK 12
Tax Annual Amount
3337
Legal Description
INLET CITY LTS 7 & 8 BLK 12
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1956
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Wood, Vinyl
Building materials
CBS, Concrete
Roof type
Composition
Listing Agency:
Bink Realty, LLC
(561) 459-5000
Listed By:
Thomas D Gonzalez · License #3045177
(561) 758-8137
Added: Sep 1
Changed: Sep 11
Last Checked: Sep 11 at 7:06AM
MLS# B26072141
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.
Investment Insights
Based on property information with market context.
This 1,680-square-foot duplex was built in 1956 on a 0.11-acre lot at 1225 W 10th Street in Riviera Beach. The property includes two residential units, with the downstairs unit occupied and the upstairs unit vacant. Construction includes CBS and concrete materials, while interior finishes include ceramic tile, wood, and vinyl flooring.
Central heating, central air conditioning, and ceiling fans serve the property. Additional features include a patio, composition roofing, public water, public sewer, and water availability. The property is located in Riviera Beach, within Palm Beach County, and carries an RS-8(c zoning designation.
Central heating, central air conditioning, and ceiling fans serve the property. Additional features include a patio, composition roofing, public water, public sewer, and water availability. The property is located in Riviera Beach, within Palm Beach County, and carries an RS-8(c zoning designation.
Key Highlights
- Two‑unit property at 1225 W 10th Street, Riviera Beach, FL 33404
- 1,680 square feet on a 0.11‑acre lot
- Built in 1956 with CBS and concrete construction
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
$28,005
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
5.66%
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%
$560,100
$560.1K
Cap Rate 7%
$400,071
$400.1K
Cap Rate 9%
$311,167
$311.2K
Market Conditions
NOI Build-Up for 1,680 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
$42.3K $25.20/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$40.0K $23.81/SF
− OpEx
−$12.0K −$7.14/SF
NOI
$28.0K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /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%
$560,100
Cap Rate 7%
$400,071
Cap Rate 9%
$311,167
Alternative Uses
Best Use
Multifamily LT 5
$400.1K
$350.1K – $466.8K
NOI $28,005 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$369.1K
$323.0K – $430.6K
NOI $25,837 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,821 @ 7.0% cap · market cap 16.73%
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
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 33404, FL
31,869
Population
15,990
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
7.3 sq mi
ZIP Area
4,366
Density / Sq Mi
$60,225
Median Household Income
$35,521
Median Earnings
$1,507
Median Rent
$305,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with central air, public utilities, and a patio.
Where is this duplex located?
The property is located at 1225 W 10th Street Riviera Beach, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two‑unit property at 1225 W 10th Street, Riviera Beach, FL 33404; 1,680 square feet on a 0.11‑acre lot; Built in 1956 with CBS and concrete construction
