Duplex with Private
1637/1639 82ND STREET E COURT Palmetto, FL 34221
1637/1639 82ND STREET E COURT, Palmetto, FL, 34221
$479,000
Pending
For Sale
$479,000
Pending
Each duplex unit offers an open layout with vaulted ceilings, ceramic tile, and private fenced outdoor space.
Property Size2,184 SF
Days on Market616
Property Features for 1637/1639 82ND STREET E COURT
General Information
- Standard status
- Pending
- Size
- 2,184 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1986
Listing agency
KELLER WILLIAMS REALTY- PALM H
(727) 249-5140
Listed by
Trish Bannister · License #3331622
(727) 249-5140
Source
Exitrealty
Added: Nov 14, 2024 Updated: Jul 21 at 5:46PM Checked: Jul 22 at 7:24AM
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 KELLER WILLIAMS REALTY- PALM H
Investment Insights
Based on property information with market context.
This spacious duplex includes two matching units, each featuring 3 bedrooms and 2 bathrooms. Both sides have an open floor plan with vaulted ceilings, ceramic tile throughout, and abundant natural light. Kitchens have been updated with black countertops and decorative backsplashes. Each unit has a primary bedroom with sliding doors to a private backyard, with the yards separated by a fence.
The homes share a fenced breezeway that provides additional storage, and each kitchen includes laundry hookups. The property is located in a quiet cul-de-sac and backs up to a pond. Additional site features include a capped artisan well.
Recent improvements include new siding, exterior painting, updated fencing, and new window frames on the east unit. The duplex is connected to county water, with each unit served by its own septic system. One side is currently rented until February 2026.
The homes share a fenced breezeway that provides additional storage, and each kitchen includes laundry hookups. The property is located in a quiet cul-de-sac and backs up to a pond. Additional site features include a capped artisan well.
Recent improvements include new siding, exterior painting, updated fencing, and new window frames on the east unit. The duplex is connected to county water, with each unit served by its own septic system. One side is currently rented until February 2026.
Key Highlights
- 1986‑built duplex with 3 bed and 2 bath in each unit
- One unit is rented until February 2026 for $2,050/month
- Both units feature vaulted ceilings, ceramic tile flooring, and open floor plans
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $19.80 |
| − Vacancy | −$2.3k | −$1.03 |
| EGI | $41.0k | $18.77 |
| − OpEx | −$12.3k | −$5.63 |
| NOI | $28.7k | $13.14 |
2,184 SF · lease $19.80/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$409.9K
$358.6K – $478.2K
NOI $28,690 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$377.5K
$330.3K – $440.4K
NOI $26,426 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$642.2K
$562.0K – $749.3K
NOI $44,957 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Each duplex unit offers an open layout with vaulted ceilings, ceramic tile, and private fenced outdoor space.
Where is this duplex located?
The property is located at 1637/1639 82ND STREET E COURT Palmetto, FL.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 1986‑built duplex with 3 bed and 2 bath in each unit; One unit is rented until February 2026 for $2,050/month; Both units feature vaulted ceilings, ceramic tile flooring, and open floor plans
