Two-Unit Duplex
1602 Meridian Road West Palm Beach, FL 33417
For Sale
$499,900
MULTI_FAMILY - West Palm Beach, FL
Property Size1,620 SF
Lot Size0.23 Acres
Price / SF$308.58
Days on Market88
Property Features for 1602 Meridian Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM
Bedrooms
4
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1
Window features
Blinds
Pets allowed
Yes, No
Fencing
Fenced
Standard status
Active
APN
00424326040250130
Size
1,620 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PLANTATION VILLAGE LT 13 BLK 25
Tax Annual Amount
5165
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Concrete, Stucco
Roof type
Shingle
Listing Agency:
CGI Realty
(561) 507-0107
Listed By:
Cynthia De La Paz Valdez · License #3543253
(561) 444-5488
Added: May 2
Changed: Jul 24
Last Checked: Jul 28 at 5:06PM
MLS# B26023574
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 offers two separate units, each configured as 2-bedroom and 1-bath. It is being marketed as a residential income property and presents a straightforward two-family layout for an owner seeking a duplex structure.
The property is located at 1602 Meridian Road in West Palm Beach, Florida, within zoning designated as RM. The listing includes a total property size of 1,620 square feet and a lot size of 0.23 acres.
Unit A and Unit B are both described as 2/1 configurations, creating consistent unit structure across the duplex. This makes the property’s income structure simple to understand based on the provided information.
The property is located at 1602 Meridian Road in West Palm Beach, Florida, within zoning designated as RM. The listing includes a total property size of 1,620 square feet and a lot size of 0.23 acres.
Unit A and Unit B are both described as 2/1 configurations, creating consistent unit structure across the duplex. This makes the property’s income structure simple to understand based on the provided information.
Key Highlights
- Duplex featuring two 2/1 units (Unit A and Unit B)
- Year built: 1974
- Central heating and central A/C
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 | $45.7k | $28.20 |
| − Vacancy | −$2.4k | −$1.47 |
| EGI | $43.3k | $26.73 |
| − OpEx | −$13.0k | −$8.02 |
| NOI | $30.3k | $18.71 |
1,620 SF · lease $28.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$433.1K
$379.0K – $505.3K
NOI $30,316 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$402.8K
$352.4K – $469.9K
NOI $28,195 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.14M
$998.3K – $1.33M
NOI $79,863 @ 7.0% cap · market cap 15.98%
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 for sale featuring two 2-bedroom, 1-bath units in a residential income configuration.
Where is this duplex located?
The property is located at 1602 Meridian Road West Palm Beach, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Duplex featuring two 2/1 units (Unit A and Unit B); Year built: 1974; Central heating and central A/C
