4-Unit Apartment
New
For Sale
$999,900
1981 49TH Avenue S, West Palm Beach, FL 33415
Each residence has two bedrooms and one bathroom, with all four units rented.
Property Size1,960 SF
Days on Market7
Property Features for 1981 49TH Avenue S
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Average Monthly Rent
$2,200
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$10,729
Building Details
Building Size
1,960 SF
Year Built
1978
Listing Agency:
Atlantic Florida Properties In
Listed By:
Joseph A DeFalco · License #3205517
(561) 352-6759
Source:
Meyerlucas
Added: Oct 26
Changed: Oct 31
Last Checked: Nov 1 at 1:33PM
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 Atlantic Florida Properties In
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Investment Insights
Based on property information with market context.
This four-unit residential property was built in 1978. Each apartment is configured with two bedrooms and one bathroom, providing a consistent layout across the building.
All four units are rented.
All four units are rented.
Key Highlights
- Four residential units, each with 2 bedrooms and 1 bathroom
- Built in 1978
- All four units are rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,678
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,560
$733.6K
Cap Rate 7%
$523,971
$524.0K
Cap Rate 9%
$407,533
$407.5K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$55.3K $28.20/SF
− Vacancy
−$2.9K −$1.47/SF
EGI
$52.4K $26.73/SF
− OpEx
−$15.7K −$8.02/SF
NOI
$36.7K $18.71/SF
Area
West Palm Beach, FL
Vacancy
5.20%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,560
Cap Rate 7%
$523,971
Cap Rate 9%
$407,533
Alternative Uses
Best Use
Multifamily LT 5
$524.0K
$458.5K – $611.3K
NOI $36,678 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$487.3K
$426.4K – $568.6K
NOI $34,113 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,624 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
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Business Placement
Demographics for 33415, FL
51,251
Population
20,364
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
77%
High-School Grad
7.3 sq mi
ZIP Area
7,021
Density / Sq Mi
$57,199
Median Household Income
$35,146
Median Earnings
$1,597
Median Rent
$220,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms and one bathroom, with all four units rented.
Where is this quadplex located?
The property is located at 1981 49TH Avenue S West Palm Beach, FL.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Four residential units, each with 2 bedrooms and 1 bathroom; Built in 1978; All four units are rented
