Two-Unit Duplex with
For Sale
$949,000
2741 Parker Avenue A & B, West Palm Beach, FL 33405
Renovated residential property with an enclosed backyard, artificial turf, gazebo, and hot tub.
Property Size1,682 SF
Price / SF$564.21
Days on Market72
Property Features for 2741 Parker Avenue A & B
General Information
Standard status
Active
Size
1,682 SF
Property subtype
Duplex
Site & Location
Neighborhood
Poinciana Park Homeowners Association
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,896
Amenities
fully fenced private backyard
gazebo
hot tub
Building Details
Building Size
1,682 SF
Year Built
1950
Buildings
1
Listing Agency:
Keller Williams Realty Jupiter
Listed By:
Lisa Gonzalez · License #3462834
(561) 310-2886
Source:
Fraterrealty
Added: Aug 19
Changed: Oct 27
Last Checked: Oct 26 at 3:52PM
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.
This renovated duplex contains two units and dates to 1950. Its outdoor area is enclosed and includes turf, a gazebo, and a hot tub.
The property is in West Palm Beach, minutes from PBI Airport and Downtown WPB.
The property is in West Palm Beach, minutes from PBI Airport and Downtown WPB.
Key Highlights
- Two‑unit duplex built in 1950
- Renovated property with an enclosed backyard
- Outdoor amenities include turf, a gazebo, and a hot tub
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
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,305
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated residential property with an enclosed backyard, artificial turf, gazebo, 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: Two‑unit duplex built in 1950; Renovated property with an enclosed backyard; Outdoor amenities include turf, a gazebo, and a hot tub
