Renovated Two-Unit
For Sale
$949,000
2741 Parker Avenue #A & B, West Palm Beach, FL 33405
Zoned SF14, the property combines two residential units with a fenced backyard, gazebo, turf, and hot tub.
Property Size1,682 SF
Days on Market208
Property Features for 2741 Parker Avenue #A & B
General Information
Standard status
Active
Size
1,682 SF
Property subtype
Duplex
Building Details
Building Size
1,682 SF
Year Built
1950
Stories
1
Listing Agency:
Keller Williams Realty Jupiter
Listed By:
Lisa Gonzalez · License #3462834
(561) 429-3340
Source:
Neilpicart.kw
Added: Mar 24
Changed: Oct 12
Last Checked: Oct 16 at 5:50AM
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 Keller Williams Realty Jupiter
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Investment Insights
Based on property information with market context.
Built in 1950 and renovated, this 1,682-square-foot duplex contains two residential units at 2741 Parker Avenue, #A & B. The property includes a fully fenced backyard with turf, a gazebo, and a hot tub, creating a defined outdoor area for entertaining or private use.
The property is in West Palm Beach near PBI Airport and Downtown WPB. City zoning is SF14. Its two-unit configuration supports a range of residential ownership and occupancy arrangements, including use by an owner occupant or multiple members of a household.
The property is in West Palm Beach near PBI Airport and Downtown WPB. City zoning is SF14. Its two-unit configuration supports a range of residential ownership and occupancy arrangements, including use by an owner occupant or multiple members of a household.
Key Highlights
- Renovated duplex with 2 residential units
- 1,682‑square‑foot property built in 1950
- Fully fenced backyard with turf
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,476
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$629,520
$629.5K
Cap Rate 7%
$449,657
$449.7K
Cap Rate 9%
$349,733
$349.7K
Market Conditions
NOI Build-Up for 1,682 SF
Gross rent
$47.4K $28.20/SF
− Vacancy
−$2.5K −$1.47/SF
EGI
$45.0K $26.73/SF
− OpEx
−$13.5K −$8.02/SF
NOI
$31.5K $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%
$629,520
Cap Rate 7%
$449,657
Cap Rate 9%
$349,733
Alternative Uses
Best Use
Multifamily LT 5
$449.7K
$393.5K – $524.6K
NOI $31,476 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$418.2K
$365.9K – $487.9K
NOI $29,274 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,919 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 33405, FL
19,369
Population
9,557
Households
2
Avg Household Size
41
Median Age
34%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
4,304
Density / Sq Mi
$82,945
Median Household Income
$46,450
Median Earnings
$1,432
Median Rent
$401,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Zoned SF14, the property combines two residential units with a fenced backyard, gazebo, turf, and hot tub.
Where is this duplex located?
The property is located at 2741 Parker Avenue #A & B West Palm Beach, FL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Renovated duplex with 2 residential units; 1,682‑square‑foot property built in 1950; Fully fenced backyard with turf
