Four-Unit Apartment
For Sale
Contact for pricing
1634 W 26th Court, Riviera Beach, FL 33404
Each residence offers three bedrooms, one full bath, laundry hookups, and separate central air conditioning and heating.
Property Size3,664 SF
Lot Size0.19 Acres
Price / SF$245.63
Days on Market56
Property Features for 1634 W 26th Court
General Information
Standard status
Active
Size
3,664 SF
Total Parking Spaces
6
Lot size
0.19 Acres
Property subtype
Multifamily
Zoning
RM-15 Riviera Beach
Investment Type
Stabilized
Net Operating Income
$67,605
Units
Unit Mix
4 x 3BR/1BA
Multifamily Units
4
Additional Details
Asking Price
$900,000
Amenities
washer & dryer hookups
central AC/heating units
Building Details
Year Built
1986
Buildings
1
Units
4
Tenancy
Multi
Construction
CBS
Listing Agency:
Strategic Realty Services
(561) 471-5353
Listed By:
Christopher Fleming · License #FL BK441500
Source:
Crexi
Added: Jul 9
Changed: Aug 31
Last Checked: Sep 1 at 2:39AM
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 Strategic Realty Services
Investment Insights
Based on property information with market context.
This quadplex contains 3,664 square feet across four residential units, with each unit configured as three bedrooms and one full bath. Individual washer and dryer hookups are provided, along with separate central AC and heating systems. Interior finishes include ceramic and quarry tile, carpet flooring, and drywall walls.
The building uses CBS construction with an asphalt composition roof supported by wood trusses. Completed in 1986, the property occupies a 0.19-acre lot and carries RM-15 zoning in Riviera Beach. Long-term tenants are in place across the four units.
The building uses CBS construction with an asphalt composition roof supported by wood trusses. Completed in 1986, the property occupies a 0.19-acre lot and carries RM-15 zoning in Riviera Beach. Long-term tenants are in place across the four units.
Key Highlights
- Four units, each with 3 bedrooms and 1 full bath
- 3,664‑square‑foot quadplex on a 0.19‑acre lot
- Separate central AC and heating units in each residence
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
$61,078
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
6.79%
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%
$1,221,560
$1.2M
Cap Rate 7%
$872,543
$872.5K
Cap Rate 9%
$678,644
$678.6K
Market Conditions
NOI Build-Up for 3,664 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
$92.3K $25.20/SF
− Vacancy
−$5.1K −$1.39/SF
EGI
$87.3K $23.81/SF
− OpEx
−$26.2K −$7.14/SF
NOI
$61.1K $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%
$1,221,560
Cap Rate 7%
$872,543
Cap Rate 9%
$678,644
Alternative Uses
Best Use
Multifamily LT 5
$872.5K
$763.5K – $1.02M
NOI $61,078 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$805.0K
$704.4K – $939.2K
NOI $56,350 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,628 @ 7.0% cap · market cap 20.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers three bedrooms, one full bath, laundry hookups, and separate central air conditioning and heating.
Where is this quadplex located?
The property is located at 1634 W 26th Court Riviera Beach, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 1 full bath; 3,664‑square‑foot quadplex on a 0.19‑acre lot; Separate central AC and heating units in each residence
