Furnished Duplex with Updated
For Sale
$800,000
1230 BLOCK ISLAND Road #1, Wellington, FL 33414
Two furnished units offer flexible ownership options with no HOA and no leasing restrictions in Wellington.
Property Size1,864 SF
Price / SF$429.18
Days on Market69
Property Features for 1230 BLOCK ISLAND Road #1
General Information
Standard status
Active
Size
1,864 SF
Property subtype
Duplex
Additional Details
Furnished
Yes
Multifamily Units
2
Building Details
Year Built
1975
Buildings
1
Listing Agency:
Realty OF America
(321) 732-5369
Listed By:
Tyler OBrady · License #3566915
(754) 777-1111
Source:
Lehmannflorida
Added: Aug 21
Changed: Oct 27
Last Checked: Oct 28 at 7:36AM
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 Realty OF America
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,864-square-foot duplex, built in 1975, includes furnishings in both units and provides a two-unit residential income configuration. Unit 1 has an air-conditioning system approximately 3 years old, while Unit 2 has an approximately 1-year-old system. The roof is approximately 10 years old.
The property is located in Wellington, near shopping, dining, recreation, and major roadways. There is no HOA, and leasing restrictions do not apply, offering flexibility for an owner-occupant or investor. The address identifies the property as Unit 1 at 1230 Block Island Road.
The property is located in Wellington, near shopping, dining, recreation, and major roadways. There is no HOA, and leasing restrictions do not apply, offering flexibility for an owner-occupant or investor. The address identifies the property as Unit 1 at 1230 Block Island Road.
Key Highlights
- 1,864‑square‑foot duplex in Wellington
- Both units are furnished
- Unit 1 A/C is approximately 3 years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,073
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,460
$621.5K
Cap Rate 7%
$443,900
$443.9K
Cap Rate 9%
$345,256
$345.3K
Market Conditions
NOI Build-Up for 1,864 SF
Gross rent
$47.0K $25.20/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$44.4K $23.81/SF
− OpEx
−$13.3K −$7.14/SF
NOI
$31.1K $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 Rate 5%
$621,460
Cap Rate 7%
$443,900
Cap Rate 9%
$345,256
Alternative Uses
Best Use
Multifamily LT 5
$443.9K
$388.4K – $517.9K
NOI $31,073 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$409.5K
$358.3K – $477.8K
NOI $28,667 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,891 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
Explore this area
Business Placement
Demographics for 33414, FL
59,802
Population
23,111
Households
2.6
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
28.3 sq mi
ZIP Area
2,113
Density / Sq Mi
$105,953
Median Household Income
$52,892
Median Earnings
$2,326
Median Rent
$533,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Two furnished units offer flexible ownership options with no HOA and no leasing restrictions in Wellington.
Where is this duplex located?
The property is located at 1230 BLOCK ISLAND Road #1 Wellington, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 1,864‑square‑foot duplex in Wellington; Both units are furnished; Unit 1 A/C is approximately 3 years old
