Duplex With RV
New
For Sale
$349,000
2205 NE 4th Court, Boynton Beach, FL 33435
Residential Income, Boynton Beach, FL
Property Size1,394 SF
Lot Size0.18 Acres
Price / SF$250.36
Days on Market2
Property Features for 2205 NE 4th Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-1-A (city)
Bedrooms
4
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3
Patio and Porch features
Patio
Pets allowed
No, Yes
Exterior features
RV Hookup
Fencing
Gate, Privacy, Fenced
Subdivision
BOYNTON RIDGE
Lot features
Oversized Lot
Elementary school
Rolling Green
Middle school
Congress
High school
Boynton Beach
Directions
Gateway Blvd east to NE 4th COURT. Turn right on NE 4th Court, house is on the right.
Standard status
Active
APN
08434515070160030
Size
1,394 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BOYNTON RIDGE LT 3 BLK 16
Tax Annual Amount
3913
Legal Description
BOYNTON RIDGE LT 3 BLK 16
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
shared living & kitchen areas
screened patio entrance
fenced backyard
RV area with hookup/electric
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS, Concrete Block - With Stucco
Roof type
Shingle
Additional Structures
Mobile Home
Listing Agency:
RE/MAX Prestige Realty/Wellington · RE/MAX International
(561) 798-8080
Listed By:
Kori Thomas · License #3359295
(561) 371-0852
Added: Sep 23
Last Checked: Sep 24 at 12:06AM
MLS# B26079692
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.
Investment Insights
Based on property information with market context.
This 1,394-square-foot duplex sits on a 0.18-acre lot and is configured for multiple occupants. The main residence includes shared living and kitchen areas with individually rented bedrooms, while a separate rear efficiency-style space has its own bathroom and screened patio entrance. Five rooms can be rented, and multiple tenants are already in place.
The fenced backyard includes a privately enclosed RV area with hookup and electric service. The RV conveys with the sale. Additional features include tile flooring, central heating and central air, public water, public sewer, a shingle roof, and concrete block construction with stucco. The property is zoned R-1-A (city), is offered AS-IS, and includes a gate and privacy fencing.
The fenced backyard includes a privately enclosed RV area with hookup and electric service. The RV conveys with the sale. Additional features include tile flooring, central heating and central air, public water, public sewer, a shingle roof, and concrete block construction with stucco. The property is zoned R-1-A (city), is offered AS-IS, and includes a gate and privacy fencing.
Key Highlights
- 1,394‑square‑foot duplex on a 0.18‑acre lot
- Five rooms can be rented; multiple tenants are already in place
- Separate rear efficiency‑style space with bathroom and screened patio entrance
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
$23,238
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
6.66%
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%
$464,760
$464.8K
Cap Rate 7%
$331,971
$332.0K
Cap Rate 9%
$258,200
$258.2K
Market Conditions
NOI Build-Up for 1,394 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
$35.1K $25.20/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$33.2K $23.81/SF
− OpEx
−$10.0K −$7.14/SF
NOI
$23.2K $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%
$464,760
Cap Rate 7%
$331,971
Cap Rate 9%
$258,200
Alternative Uses
Best Use
Multifamily LT 5
$332.0K
$290.5K – $387.3K
NOI $23,238 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$306.3K
$268.0K – $357.3K
NOI $21,439 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$981.7K
$859.0K – $1.15M
NOI $68,721 @ 7.0% cap · market cap 19.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Explore this area
Business Placement
Demographics for 33435, FL
37,318
Population
20,058
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
5,741
Density / Sq Mi
$66,612
Median Household Income
$35,488
Median Earnings
$1,846
Median Rent
$306,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Multi-occupant layout with shared living areas, separate living space, and a fenced outdoor area for an RV.
Where is this duplex located?
The property is located at 2205 NE 4th Court Boynton Beach, FL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,394‑square‑foot duplex on a 0.18‑acre lot; Five rooms can be rented; multiple tenants are already in place; Separate rear efficiency‑style space with bathroom and screened patio entrance
