Duplex With Private Back
For Sale
$795,000
1718 Ridge Road, North Palm Beach, FL 33408
Duplex with two units, private back patios, in-unit washers and dryers, and an attached garage in a non-HOA community.
Property Size1,590 SF
Days on Market138
Property Features for 1718 Ridge Road
General Information
Standard status
Active
Size
1,590 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,463
Amenities
private back patios
in-unit washers and dryers
ample parking
attached garage
Building Details
Building Size
1,590 SF
Year Built
1982
Listing Agency:
Coldwell Banker/ WPB
Listed By:
Chloe Zambrano · License #3492662
(954) 614-2080
Source:
Meyerlucas
Added: Jun 7
Changed: Oct 20
Last Checked: Oct 21 at 5:35AM
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 Coldwell Banker/ WPB
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Investment Insights
Based on property information with market context.
This duplex features two separate units in a non-HOA community. The property includes updated finishes and a new electrical panel. Each unit has access to its own private back patio, along with in-unit washers and dryers, plus ample parking and an attached garage.
The home is located in North Palm Beach, with convenient access from PGA Blvd and minutes to the beach.
An efficient layout helps maximize the available square footage for a well-maintained, income-producing duplex configuration.
The home is located in North Palm Beach, with convenient access from PGA Blvd and minutes to the beach.
An efficient layout helps maximize the available square footage for a well-maintained, income-producing duplex configuration.
Key Highlights
- Duplex built in 1982 with 2 units in a non‑HOA community
- Each unit has a private back patio
- In‑unit washers and dryers for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,505
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,100
$530.1K
Cap Rate 7%
$378,643
$378.6K
Cap Rate 9%
$294,500
$294.5K
Market Conditions
NOI Build-Up for 1,590 SF
Gross rent
$40.1K $25.20/SF
− Vacancy
−$2.2K −$1.39/SF
EGI
$37.9K $23.81/SF
− OpEx
−$11.4K −$7.14/SF
NOI
$26.5K $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 Rate 5%
$530,100
Cap Rate 7%
$378,643
Cap Rate 9%
$294,500
Alternative Uses
Best Use
Multifamily LT 5
$378.6K
$331.3K – $441.8K
NOI $26,505 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$349.3K
$305.7K – $407.6K
NOI $24,453 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.12M
$979.8K – $1.31M
NOI $78,384 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,031
Businesses Nearby
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Business Placement
Demographics for 33408, FL
18,965
Population
13,490
Households
1.4
Avg Household Size
58
Median Age
52%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
2,789
Density / Sq Mi
$91,390
Median Household Income
$65,606
Median Earnings
$1,885
Median Rent
$502,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two units, private back patios, in-unit washers and dryers, and an attached garage in a non-HOA community.
Where is this duplex located?
The property is located at 1718 Ridge Road North Palm Beach, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Duplex built in 1982 with 2 units in a non‑HOA community; Each unit has a private back patio; In‑unit washers and dryers for both units
