Duplex with
For Sale
$450,000
227 W 16TH Street A, Riviera Beach, FL 33404
The property combines a main residence with a separate cottage.
Property Size1,286 SF
Days on Market15
Property Features for 227 W 16TH Street A
General Information
Standard status
Active
Size
1,286 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$4,967
Building Details
Building Size
1,286 SF
Year Built
1953
Buildings
2
Listing Agency:
Purple Cow Realty LLC
Listed By:
Holli Gabler · License #3583103
(954) 295-6907
Source:
Meyerlucas
Added: Sep 25
Changed: Sep 28
Last Checked: Oct 7 at 5:57PM
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 Purple Cow Realty LLC
Investment Insights
Based on property information with market context.
This residential income property in Riviera Beach includes a main house and a cottage. The main house contains 1,286 square feet, while the two-bedroom cottage provides 500 square feet. The property was built in 1953.
Key Highlights
- Main house contains 1,286 square feet
- Two‑bedroom cottage with 500 square feet
- Built in 1953
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,437
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,740
$428.7K
Cap Rate 7%
$306,243
$306.2K
Cap Rate 9%
$238,189
$238.2K
Market Conditions
NOI Build-Up for 1,286 SF
Gross rent
$32.4K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$30.6K $23.81/SF
− OpEx
−$9.2K −$7.14/SF
NOI
$21.4K $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 Rate 5%
$428,740
Cap Rate 7%
$306,243
Cap Rate 9%
$238,189
Alternative Uses
Best Use
Multifamily LT 5
$306.2K
$268.0K – $357.3K
NOI $21,437 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$282.5K
$247.2K – $329.6K
NOI $19,778 @ 7.0% cap · market cap 4.40%
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
818
Businesses Nearby
Explore this area
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - The property combines a main residence with a separate cottage.
Where is this duplex located?
The property is located at 227 W 16TH Street A 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: Main house contains 1,286 square feet; Two‑bedroom cottage with 500 square feet; Built in 1953
