Duplex with Fenced
New
For Sale
$699,900
1562 W 26th Court, Riviera Beach, FL 33404
Two matching residences offer open interiors, durable finishes, updated appliances, and separately fenced outdoor areas without HOA restrictions.
Property Size2,360 SF
Price / SF$296.57
Days on Market3
Property Features for 1562 W 26th Court
General Information
Standard status
Active
Size
2,360 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,041
Amenities
impact windows
fenced backyard
professionally landscaped grounds with an irrigation timer
tankless water heater
paver driveway
Building Details
Building Size
2,360 SF
Year Built
2022
Listing Agency:
Real Broker LLC
Listed By:
Kler S Rosenberg · License #3656413
(305) 307-2777
Source:
Pposf
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 9 at 9:12PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
Completed in 2022, this duplex contains 2,360 SF across two matching residences. Each unit provides 3 bedrooms and 2 bathrooms in an open-concept arrangement, with plank tile flooring, 42-inch white shaker cabinetry, and stainless steel appliances. Impact windows, tankless water heaters, paver driveway access, and fenced backyards add practical features for residents. The grounds are landscaped and equipped with an irrigation timer.
The property is located at 1562 W 26th Court in Riviera Beach, Florida, and carries RM-15 (city) zoning. Both units are configured for annual rental use or Airbnb income, and the property has no HOA.
The property is located at 1562 W 26th Court in Riviera Beach, Florida, and carries RM-15 (city) zoning. Both units are configured for annual rental use or Airbnb income, and the property has no HOA.
Key Highlights
- 2,360 SF duplex built in 2022
- Two matching units, each with 3 bedrooms and 2 bathrooms
- Open‑concept layouts with plank tile flooring
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
$39,341
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
5.62%
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%
$786,820
$786.8K
Cap Rate 7%
$562,014
$562.0K
Cap Rate 9%
$437,122
$437.1K
Market Conditions
NOI Build-Up for 2,360 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
$59.5K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$56.2K $23.81/SF
− OpEx
−$16.9K −$7.14/SF
NOI
$39.3K $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%
$786,820
Cap Rate 7%
$562,014
Cap Rate 9%
$437,122
Alternative Uses
Best Use
Multifamily LT 5
$562.0K
$491.8K – $655.7K
NOI $39,341 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$518.5K
$453.7K – $604.9K
NOI $36,295 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,343 @ 7.0% cap · market cap 16.62%
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
603
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer open interiors, durable finishes, updated appliances, and separately fenced outdoor areas without HOA restrictions.
Where is this duplex located?
The property is located at 1562 W 26th Court Riviera Beach, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 2,360 SF duplex built in 2022; Two matching units, each with 3 bedrooms and 2 bathrooms; Open‑concept layouts with plank tile flooring
