4-Unit
New
For Sale
$999,900
1981 49TH Avenue S, West Palm Beach, FL 33415
Residential Income, West Palm Beach, FL
Property Size1,960 SF
Lot Size0.50 Acres
Price / SF$510.15
Days on Market2
Property Features for 1981 49TH Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 1, Bedroom 7, Bedroom 1, Bedroom 8, Bathroom 4, Bathroom 3, Bedroom 5
Pets allowed
No, Yes
Subdivision
UNINCORPORATED
Elementary school
Forest Hill
Middle school
L. C. Swain
High school
John I. Leonard
Standard status
Active
APN
00424413000003553
Size
1,960 SF
Lot size
0.50 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
13-44-42~ S 1/2 OF S 260.79 FTOF N 300.79 FT OF W 1/2 OF E 1/2 OF W 1/2 OF NW 1/4 OF NW 1/4
Tax Annual Amount
10729
Legal Description
13-44-42~ S 1/2 OF S 260.79 FTOF N 300.79 FT OF W 1/2 OF E 1/2 OF W 1/2 OF NW 1/4 OF NW 1/4
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1978
Floors in Building
1
Number of units
4
Flooring type
Tile - Ceramic
Building materials
Block, CBS
Roof type
Shingle
Listing Agency:
Atlantic Florida Properties In
(561) 713-1141
Listed By:
Joseph A DeFalco · License #3205517
(561) 352-6759
Added: Oct 26
Last Checked: Oct 27 at 2:06AM
MLS# B26092746
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.
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Investment Insights
Based on property information with market context.
This 1,960-square-foot quadplex contains four residences, each arranged with two bedrooms and one bathroom. The building was constructed in 1978 with block construction and has ceramic tile flooring, central heating, central air conditioning, and a shingle roof.
The property occupies a 0.5-acre lot in West Palm Beach and is zoned RM. Public water and a septic system serve the site; cable service is available.
The property occupies a 0.5-acre lot in West Palm Beach and is zoned RM. Public water and a septic system serve the site; cable service is available.
Key Highlights
- Four residences, each with 2 bedrooms and 1 bathroom
- 1,960 square feet of building area on a 0.5‑acre lot
- RM zoning in West Palm Beach
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.
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences have two bedrooms and one bathroom apiece.
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 residences, each with 2 bedrooms and 1 bathroom; 1,960 square feet of building area on a 0.5‑acre lot; RM zoning in West Palm Beach
