Tenant-Occupied
New
For Sale
$699,000
2624 AVENUE S, Riviera Beach, FL 33404
Residential Income, Riviera Beach, FL
Property Size3,024 SF
Lot Size0.07 Acres
Price / SF$231.15
Days on Market2
Property Features for 2624 AVENUE S
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM-15 (city)
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3
Pets allowed
Cats OK, Yes, Dogs OK
Subdivision
ACREHOME PARK
Middle school
John F. Kennedy (Palm Beach)
High school
Palm Beach Gardens
Standard status
Active
APN
56434229010590130
Size
3,024 SF
Lot size
0.07 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
ACREHOME PARK N 28 FT OF S 36.45 OF E 110.54 FT OF W 617.18 FT OF LT 59 K/A UNITS M~ N~ P & Q IN OR29937P1777
Tax Annual Amount
8242
Legal Description
ACREHOME PARK N 28 FT OF S 36.45 OF E 110.54 FT OF W 617.18 FT OF LT 59 K/A UNITS M~ N~ P & Q IN OR29937P1777
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1966
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block, CBS
Roof type
Shingle
Buildings
14
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Alexandria Connors · License #3462744
(561) 670-6839
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 1:06PM
MLS# B26094375
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 3,024-square-foot duplex sits on a 0.07-acre lot and was built in 1966. Block construction, tile flooring, a shingle roof, and wall/window cooling units are among its recorded features. The property has public water and sewer service and is zoned RM-15 by the city.
The duplex is one of 14 properties in a Palm Beach County portfolio, primarily located in Riviera Beach. The portfolio includes nine duplexes, two fourplexes, and three single-family homes; all are tenant-occupied. The seller prefers a complete portfolio sale, though purchases in groups will be considered.
The duplex is one of 14 properties in a Palm Beach County portfolio, primarily located in Riviera Beach. The portfolio includes nine duplexes, two fourplexes, and three single-family homes; all are tenant-occupied. The seller prefers a complete portfolio sale, though purchases in groups will be considered.
Key Highlights
- 3,024 square feet on a 0.07‑acre lot
- Built in 1966 with block construction, tile flooring, and a shingle roof
- RM‑15 (city) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,409
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,180
$1.0M
Cap Rate 7%
$720,129
$720.1K
Cap Rate 9%
$560,100
$560.1K
Market Conditions
NOI Build-Up for 3,024 SF
Gross rent
$76.2K $25.20/SF
− Vacancy
−$4.2K −$1.39/SF
EGI
$72.0K $23.81/SF
− OpEx
−$21.6K −$7.14/SF
NOI
$50.4K $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%
$1,008,180
Cap Rate 7%
$720,129
Cap Rate 9%
$560,100
Alternative Uses
Best Use
Multifamily LT 5
$720.1K
$630.1K – $840.2K
NOI $50,409 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$664.4K
$581.3K – $775.1K
NOI $46,507 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $149,077 @ 7.0% cap · market cap 21.33%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
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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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property is part of a 14-property Palm Beach County portfolio, with group acquisitions also under consideration.
Where is this duplex located?
The property is located at 2624 AVENUE S Riviera Beach, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3,024 square feet on a 0.07‑acre lot; Built in 1966 with block construction, tile flooring, and a shingle roof; RM‑15 (city) zoning
