1602 Meridian Road, West Palm Beach, FL 33417
MULTI_FAMILY - West Palm Beach, FL
- Added:
- May 2, 2026
- Days on Market:
- 42
- Last Refresh:
- Jun 12 at 2:06 am
Property Features for 1602 Meridian Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 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 agent Cynthia De La Paz Valdez License #3543253 (561) 444-5488
Listing office CGI Realty 1159 Royal Palm Beach Blvd., royal palm beach, FL (561) 507-0107
Listing date May 2, 2026
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.
HighLights
- Duplex: Ideal for investors seeking rental income
- Two units: Each unit features 2 bedrooms and 1 bathroom (2/1)
- Durable Construction: Built with concrete and stucco
- Central Heating and Cooling: Ensures year‑round comfort
- Fenced property offers privacy and security
- Tile Flooring provides durability and easy maintenance
Overview
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 | $45.7k | $28.20 |
| − Vacancy | −$2.4k | −$1.47 |
| EGI | $43.3k | $26.73 |
| − OpEx | −$13.0k | −$8.02 |
| NOI | $30.3k | $18.71 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.133601
- Latitude
- 26.701195
