Updated Duplex with Private
For Sale
$575,000
2907 Apalachee Road, Palm Springs, FL 33406
Residential Income, Palm Springs, FL
Property Size1,690 SF
Lot Size0.23 Acres
Price / SF$340.24
Days on Market375
Property Features for 2907 Apalachee Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM(cit
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Window features
Blinds
Patio and Porch features
Patio
Fencing
Fenced
Subdivision
MEADOW PARK
Lot features
Room for Pool
Elementary school
Meadow Park
Middle school
Conniston Community
High school
Forest Hill
Directions
From I-95, exit onto Forest Hill Blvd. and head west. Continue until you reach Congress Ave., then turn left (south). Follow Congress Ave. and make a right turn onto Apalachee Road. Will be on left
Standard status
Active
APN
70434408160000150
Size
1,690 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
MEADOW PARK REPLAT LOT 15
Tax Annual Amount
7791
Legal Description
MEADOW PARK REPLAT LOT 15
Utilities
Utilities
Cable Available
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air, Ceiling Fan(s)
Water source
Public
Amenities
private backyards
Building Details
Year built
1974
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Frame, Wood Siding
Roof type
Composition
Listing Agency:
Compass Florida LLC
(561) 285-4283
Listed By:
Blake B Rayner · License #3438544
(561) 252-2208
Added: Oct 7, 2025
Changed: Oct 2
Last Checked: Oct 16 at 6:06AM
MLS# R11130150
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 1,690-square-foot duplex sits on a 0.23-acre parcel and includes two rented units with updated kitchen and bathroom interiors. The 1974 property is framed with wood siding and has vinyl flooring, central electric heating, central air, and ceiling fans. Each unit has a private fenced backyard, while the site also provides open parking and a patio.
The property is located in Palm Springs near restaurants, shops, and major highways. The beach and Wellington are each approximately 15 minutes away. Public water service is in place, and cable is available.
The property is located in Palm Springs near restaurants, shops, and major highways. The beach and Wellington are each approximately 15 minutes away. Public water service is in place, and cable is available.
Key Highlights
- 1,690‑square‑foot duplex on 0.23 acres
- Both units are occupied by tenants
- Updated kitchens and bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,172
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,440
$563.4K
Cap Rate 7%
$402,457
$402.5K
Cap Rate 9%
$313,022
$313.0K
Market Conditions
NOI Build-Up for 1,690 SF
Gross rent
$42.6K $25.20/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$40.2K $23.81/SF
− OpEx
−$12.1K −$7.14/SF
NOI
$28.2K $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%
$563,440
Cap Rate 7%
$402,457
Cap Rate 9%
$313,022
Alternative Uses
Best Use
Multifamily LT 5
$402.5K
$352.2K – $469.5K
NOI $28,172 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$371.3K
$324.9K – $433.2K
NOI $25,991 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,313 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,523
Businesses Nearby
Explore this area
Business Placement
Demographics for 33406, FL
27,663
Population
9,426
Households
2.9
Avg Household Size
39
Median Age
24%
College-Educated
81%
High-School Grad
8.7 sq mi
ZIP Area
3,180
Density / Sq Mi
$79,696
Median Household Income
$37,453
Median Earnings
$1,677
Median Rent
$358,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units feature refreshed kitchens and bathrooms.
Where is this duplex located?
The property is located at 2907 Apalachee Road Palm Springs, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,690‑square‑foot duplex on 0.23 acres; Both units are occupied by tenants; Updated kitchens and bathrooms in both units
