Two-Townhome Duplex with
For Sale
Under Contract
$950,000
1547 W 26th Court, Riviera Beach, FL 33404
Residential Income, Riviera Beach, FL
Property Size3,080 SF
Price / SF$308.44
Days on Market237
Property Features for 1547 W 26th Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RML12
Bedrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2
Window features
Drapes, Blinds
Patio and Porch features
Porch, Patio
Subdivision
Shady Grove
Middle school
John F. Kennedy (Palm Beach)
High school
Palm Beach Gardens
Directions
From I95 and 708/Blue Heron Blvd, travel East to Avenue S, then NORTH to W. 26 Ct.
Standard status
Active Under Contract
APN
56434229210000110
Size
3,080 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
SHADY GROVE LTS 11 TO 13 INC
Tax Annual Amount
13246
Legal Description
SHADY GROVE LTS 11 TO 13 INC
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
2
Number of units
1
Flooring type
Laminate, Carpet
Building materials
Block
Roof type
Shingle, Composition
Listing Agency:
One Market Real Estate LLC
(954) 367-9311
Listed By:
Otis Croney · License #3422794
(561) 755-9975
Added: Jan 17
Changed: Sep 11
Last Checked: Sep 11 at 2:06PM
MLS# F10546035
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.
Completed in 2023, this duplex contains two townhome-style units, each arranged with four bedrooms and two-and-a-half bathrooms. Both residences include a one-car garage, patio and porch areas, recessed lighting, stainless steel appliances, front-load washers and dryers, and laminate flooring. Central air, ceiling fans, public water, and public sewer serve the property. Construction is block with a composition shingle roof, while carpet is also present among the interior finishes.
The property is located in Riviera Beach, Florida, in Palm Beach County, and carries RML12 zoning. It is identified as being within an Opportunity Zone and has previously been used for short-term rentals.
The property is located in Riviera Beach, Florida, in Palm Beach County, and carries RML12 zoning. It is identified as being within an Opportunity Zone and has previously been used for short-term rentals.
Key Highlights
- Duplex with two townhome‑style units
- Each unit offers 4 bedrooms and 2.5 bathrooms
- Built in 2023 with one‑car garages for both units
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
$51,343
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
5.40%
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%
$1,026,860
$1.0M
Cap Rate 7%
$733,471
$733.5K
Cap Rate 9%
$570,478
$570.5K
Market Conditions
NOI Build-Up for 3,080 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
$77.6K $25.20/SF
− Vacancy
−$4.3K −$1.39/SF
EGI
$73.3K $23.81/SF
− OpEx
−$22.0K −$7.14/SF
NOI
$51.3K $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%
$1,026,860
Cap Rate 7%
$733,471
Cap Rate 9%
$570,478
Alternative Uses
Best Use
Multifamily LT 5
$733.5K
$641.8K – $855.7K
NOI $51,343 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$676.7K
$592.1K – $789.5K
NOI $47,368 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,838 @ 7.0% cap · market cap 15.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
603
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 2023 with four-bedroom layouts, private patios, and central air.
Where is this duplex located?
The property is located at 1547 W 26th Court Riviera Beach, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Duplex with two townhome‑style units; Each unit offers 4 bedrooms and 2.5 bathrooms; Built in 2023 with one‑car garages for both units
