1602 Meridian Road, West Palm Beach, FL 33417
Duplex with two separate 2-bedroom, 1-bath units, offering straightforward rental income potential for investors.
- Added:
- May 11, 2026
- Days on Market:
- 41
- Last Refresh:
- Jun 20 at 3:43 am
Property Features for 1602 Meridian Road
General Information
- Standard status
- Active
- Size
- 1,850 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1974
Listing agent Cynthia Valdez License #3543253
Listing office CGI Realty
Listing date May 11, 2026
Source Crexi
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 CGI Realty
HighLights
- Duplex built in 1974
- Two separate units: Unit A is 2 bed / 1 bath
- Two separate units: Unit B is 2 bed / 1 bath
Overview
The address is 1602 Meridian Road in West Palm Beach, Florida. The offering is presented as a purchase opportunity for buyers seeking a residential income property structured as a duplex.
For investors, the unit-by-unit configuration can simplify management compared with larger multi-tenant buildings, since the property consists of two residential units with matching 2/1 layouts. For owner-occupants, it may also support living in one unit while renting the other. Prospective buyers should verify all details and operating considerations directly for their intended use, including financing and any future tenant requirements.
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 | $52.2k | $28.20 |
| − Vacancy | −$2.7k | −$1.47 |
| EGI | $49.5k | $26.73 |
| − OpEx | −$14.8k | −$8.02 |
| NOI | $34.6k | $18.71 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.1335593
- Latitude
- 26.7011918
