Duplex With Private Back
1718 Ridge Road North Palm Beach, FL 33408
1718 Ridge Road, North Palm Beach, FL, 33408
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For Sale
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Duplex with two units, private back patios, in-unit washers and dryers, and an attached garage in a non-HOA community.
Property Size2,400 SF
Price / SF$331.25
Days on Market47
Property Features for 1718 Ridge Road
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1982
Listing agency
Coldwell Banker Realty
(954) 614-2080
Listed by
Chloe Zambrano · License #3492662
Source
Crexi
Added: Jun 6 Updated: Jul 22 at 4:59PM Checked: Jul 22 at 4:59PM
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 Realty
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
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 | $60.5k | $25.20 |
| − Vacancy | −$3.3k | −$1.39 |
| EGI | $57.2k | $23.81 |
| − OpEx | −$17.1k | −$7.14 |
| NOI | $40.0k | $16.67 |
2,400 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$571.5K
$500.1K – $666.8K
NOI $40,008 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$527.3K
$461.4K – $615.2K
NOI $36,910 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,315 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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
