Two-Unit Duplex
New
For Sale
$699,900
1562 W 26th Court, Riviera Beach, FL 33404
Residential Income, Riviera Beach, FL
Property Size2,360 SF
Lot Size0.13 Acres
Price / SF$296.57
Days on Market3
Property Features for 1562 W 26th Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-15 (city)
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 3
Window features
Blinds
Patio and Porch features
Patio
Pets allowed
Yes, No
Fencing
Fenced
Subdivision
FONTAINE SUBDIVISION
Lot features
Interior Lot
Middle school
John F. Kennedy (Palm Beach)
High school
Palm Beach Gardens
Standard status
Active
APN
56434229670000020
Size
2,360 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FONTAINE SUBDIVISION LT 2
Tax Annual Amount
11041
Legal Description
FONTAINE SUBDIVISION LT 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
impact windows
fenced backyard
professionally landscaped grounds
irrigation timer
tankless water heater
paver driveway
stainless steel appliances
Building Details
Year built
2022
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
CBS
Roof type
Shingle
Listing Agency:
Real Broker LLC
(855) 450-0442
Listed By:
Kler S Rosenberg · License #3656413
(305) 307-2777
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 10 at 12:06PM
MLS# B26073937
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.
Built in 2022, this CBS duplex contains 2,360 square feet across two matching residences. Each unit offers three bedrooms, two bathrooms, an open living arrangement, ceramic tile flooring, 42-inch white shaker cabinets, and stainless steel appliances. Impact windows, central heating and cooling, tankless water heaters, and shingle roofing support the modern construction. The property also includes a paver driveway, patio areas, fenced outdoor space, and professionally maintained landscaping with irrigation controls.
The 0.13-acre property is located at 1562 W 26th Court in Riviera Beach, Florida, within Palm Beach County. RM-15 zoning applies, with public water and public sewer service. Cable availability is also reported, and the property has no HOA.
The 0.13-acre property is located at 1562 W 26th Court in Riviera Beach, Florida, within Palm Beach County. RM-15 zoning applies, with public water and public sewer service. Cable availability is also reported, and the property has no HOA.
Key Highlights
- Two matching units, each with 3 bedrooms and 2 bathrooms
- 2,360 square feet on a 0.13‑acre lot
- RM‑15 (city) zoning with no HOA
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
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 - Contemporary duplex with two matching residences, private outdoor space, and no HOA.
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: Two matching units, each with 3 bedrooms and 2 bathrooms; 2,360 square feet on a 0.13‑acre lot; RM‑15 (city) zoning with no HOA
