Two-Unit
For Sale
$949,000
2741 Parker Avenue, West Palm Beach, FL 33405
Residential Income, West Palm Beach, FL
Property Size1,682 SF
Lot Size0.16 Acres
Price / SF$564.21
Days on Market218
Property Features for 2741 Parker Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF14 (city)
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 4
Spa
1
Patio and Porch features
Patio
Pets allowed
No, Yes
Exterior features
Courtyard, Barbecue, Lighting, Outdoor Shower, Storage
Fencing
Fenced
Subdivision
WILLA PARK
Lot features
Landscaped
View
City
Elementary school
Belvedere
Middle school
Conniston Community
High school
Forest Hill
Directions
I-95 to Belvedere RD, head east, turn right on Parker Ave
Standard status
Active
APN
74434333360000453
Size
1,682 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WILLA PARK E 67 FT OF LTS 45 & 46
Tax Annual Amount
11897
Legal Description
WILLA PARK E 67 FT OF LTS 45 & 46
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
fully fenced private backyard
lush turf
spacious gazebo
hot tub
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
Concrete, Stucco
Roof type
Shingle
Additional Structures
Pergola, Storage
Listing Agency:
Keller Williams Realty Jupiter
(561) 427-6100
Listed By:
Lisa Gonzalez · License #3462834
(561) 310-2886
Added: Mar 24
Changed: Oct 26
Last Checked: Oct 27 at 12:06AM
MLS# B26006206
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit duplex in West Palm Beach contains 1,682 square feet on a 0.16-acre parcel. The property features concrete and stucco construction, concrete flooring, central heating, central air, ceiling fans, and a shingle roof. Built in 1950, it also includes a patio, storage, outdoor shower, lighting, barbecue area, and a fenced yard with a gazebo and hot tub.
The property is located near Palm Beach International Airport and Downtown West Palm Beach. It is served by public water and public sewer, with cable available. SF14 (city) zoning and the two-unit layout provide the core framework for residential income use, multigenerational occupancy, or an owner-occupant arrangement with additional income potential.
The property is located near Palm Beach International Airport and Downtown West Palm Beach. It is served by public water and public sewer, with cable available. SF14 (city) zoning and the two-unit layout provide the core framework for residential income use, multigenerational occupancy, or an owner-occupant arrangement with additional income potential.
Key Highlights
- Two‑unit duplex with 1,682 square feet
- 0.16‑acre parcel in West Palm Beach
- SF14 (city) zoning
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
Contact the owner directly
Get the owner's phone numbers and email
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
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
Frequently Asked Questions
What type of property is this?
Duplex - Renovated income property with a fenced outdoor area, gazebo, hot tub, and central cooling.
Where is this duplex located?
The property is located at 2741 Parker Avenue 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 with 1,682 square feet; 0.16‑acre parcel in West Palm Beach; SF14 (city) zoning
