Duplex with Separate
131 W 35th Street Riviera Beach, FL 33404
For Sale
Under Contract
$329,900
MULTI_FAMILY - Riviera Beach, FL
Property Size1,644 SF
Lot Size0.12 Acres
Price / SF$200.67
Days on Market97
Property Features for 131 W 35th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-6 (city)
Bedrooms
4
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1
Patio and Porch features
Patio
Pets allowed
Yes, No, Dogs OK, Cats OK
Standard status
Active Under Contract
APN
56434228300020170
Size
1,644 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WHITE CAPS SUB LT 17 BLK 2
Tax Annual Amount
6504
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1956
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Block, CBS
Roof type
Shingle
Listing Agency:
United Realty Group Inc.
(954) 450-2000
Listed By:
Kiyana Gauvin · License #3372953
(561) 860-1245
Added: Apr 22
Changed: Jul 24
Last Checked: Jul 27 at 11:06AM
MLS# B26019511
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 duplex includes two separate 2-bedroom, 1-bath units. One unit is renovated and described as move-in ready, while the second unit is presented as a blank slate down to the studs, providing room for a buyer to complete the interior to their specifications. Separate electric meters support individualized utility management for each unit.
The property is located at 131 W 35th Street in Riviera Beach, Florida, in Palm Beach County. Zoning is RS-6 (city), and the lot size is listed at 0.12 acres. The building size is reported as 1,644 square feet.
For investors and owner-occupants, the two-unit layout can support flexible occupancy and rental plans, particularly given the split electrical metering between units. The combination of a renovated unit and a unit that requires full interior completion may appeal to buyers seeking to manage renovation work while retaining an already-updated space. A clear understanding of scope and permitting requirements for the stud-level unit would be important for any purchase plan under the current condition described.
The property is located at 131 W 35th Street in Riviera Beach, Florida, in Palm Beach County. Zoning is RS-6 (city), and the lot size is listed at 0.12 acres. The building size is reported as 1,644 square feet.
For investors and owner-occupants, the two-unit layout can support flexible occupancy and rental plans, particularly given the split electrical metering between units. The combination of a renovated unit and a unit that requires full interior completion may appeal to buyers seeking to manage renovation work while retaining an already-updated space. A clear understanding of scope and permitting requirements for the stud-level unit would be important for any purchase plan under the current condition described.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath units
- One unit is renovated and move‑in ready; the other is a blank slate down to the studs
- Separate electric meters for each unit
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 | $41.4k | $25.20 |
| − Vacancy | −$2.3k | −$1.39 |
| EGI | $39.2k | $23.81 |
| − OpEx | −$11.7k | −$7.14 |
| NOI | $27.4k | $16.67 |
1,644 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$391.5K
$342.6K – $456.8K
NOI $27,405 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$361.2K
$316.1K – $421.4K
NOI $25,284 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,046 @ 7.0% cap · market cap 24.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offering two 2-bedroom, 1-bath units with separate electric meters and interior updates across both spaces.
Where is this duplex located?
The property is located at 131 W 35th Street Riviera Beach, FL.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath units; One unit is renovated and move‑in ready; the other is a blank slate down to the studs; Separate electric meters for each unit
