Residential Duplex with
227 W 16TH Street, Riviera Beach, FL 33404
For Sale
$450,000
Residential Income, Riviera Beach, FL
Property Size1,286 SF
Lot Size0.19 Acres
Price / SF$349.92
Days on Market49
Property Features for 227 W 16TH Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Window features
Patio and Porch features
Pets allowed
Exterior features
Fencing
Subdivision
Lot features
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Purple Cow Realty LLC
(561) 632-9673
Listed By:
Holli Gabler · License FL #3583103
(954) 295-6907
Added: Sep 25
Changed: Oct 29
Last Checked: Nov 12 at 8:06AM
MLS# B26080483
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 residential property comprises a 1,286-square-foot main house and a separate 500-square-foot cottage with two bedrooms. Built in 1953, the buildings feature block construction, laminate flooring, and window-unit cooling. Exterior features include a courtyard, porch, and gated chain-link fencing.
The 0.19-acre parcel is zoned RS-6 by the city and has public water and sewer service. Cable is available.
The 0.19-acre parcel is zoned RS-6 by the city and has public water and sewer service. Cable is available.
Key Highlights
- 1,286‑square‑foot main house and separate 500‑square‑foot cottage
- Cottage has 2 bedrooms
- 0.19‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,651
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,020
$393.0K
Cap Rate 7%
$280,729
$280.7K
Cap Rate 9%
$218,344
$218.3K
Market Conditions
NOI Build-Up for 1,286 SF
Gross rent
$37.8K $29.40/SF
− Vacancy
−$2.1K −$1.62/SF
EGI
$35.7K $27.78/SF
− OpEx
−$16.1K −$12.50/SF
NOI
$19.7K $15.28/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,020
Cap Rate 7%
$280,729
Cap Rate 9%
$218,344
Alternative Uses
Best Use
Apartment 5plus
$280.7K
$245.6K – $327.5K
NOI $19,651 @ 7.0% cap · market cap 4.37%
Second Best
Multifamily LT 5
$215.7K
$188.7K – $251.6K
NOI $15,098 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$905.7K
$792.5K – $1.06M
NOI $63,397 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
818
Businesses Nearby
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Business Placement
Demographics for 33404, FL
31,869
Population
15,990
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
7.3 sq mi
ZIP Area
4,366
Density / Sq Mi
$60,225
Median Household Income
$35,521
Median Earnings
$1,507
Median Rent
$305,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Palm Beach County, FL
Properties on Market for Duplexes in Palm Beach County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes separate main-house and cottage structures on a 0.19-acre parcel.
Where is this duplex located?
The property is located at 227 W 16TH Street Riviera Beach, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,286‑square‑foot main house and separate 500‑square‑foot cottage; Cottage has 2 bedrooms; 0.19‑acre parcel
