Updated Duplex with Private
2907 Apalachee Road Palm Springs, FL 33406
2907 Apalachee Road, Palm Springs, FL, 33406
$575,000
For Sale
$575,000
MULTI_FAMILY - Palm Springs, FL
Property Size1,690 SF
Lot Size0.23 Acres
Price / SF$340.24
Days on Market284
Property Features for 2907 Apalachee Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM(cit
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Window features
- Blinds
- Patio and Porch features
- Patio
- Fencing
- Fenced
- 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
Utilities
- Utilities
- Cable Available
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Ceiling Fan(s), Electric
- Water source
- Public
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
101 N Federal Hwy, 5th Floor, Miami Beach, FL
Listed by
Blake B Rayner · License #3438544
(561) 252-2208
Added: Oct 7, 2025 Checked: Jul 17 at 6:06 am
MLS# R11130150
Listing URL
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.
Investment Insights
Based on property information with market context.
This for-sale duplex is fully rented, with two tenants already in place. Both units have been updated from the kitchens through the bathrooms, and the property is presented as move-in ready for an owner seeking current rental occupancy.
The layout includes open space for parking and split private backyards designed to provide separate outdoor areas for each unit. There is also the option to expand if desired. The property is located at 2907 Apalachee Road in Palm Springs, in Palm Beach County, Florida.
The layout includes open space for parking and split private backyards designed to provide separate outdoor areas for each unit. There is also the option to expand if desired. The property is located at 2907 Apalachee Road in Palm Springs, in Palm Beach County, Florida.
Key Highlights
- Fully rented duplex with two tenants already in place
- Two‑bedroom, two‑bath layout (Bathroom 1 and Bathroom 2) per property room information
- Each unit updated with renovations from the kitchens to the bathrooms (per public remarks)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.6k | $25.20 |
| − Vacancy | −$2.3k | −$1.39 |
| EGI | $40.2k | $23.81 |
| − OpEx | −$12.1k | −$7.14 |
| NOI | $28.2k | $16.67 |
1,690 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Fully rented duplex features updated kitchens and bathrooms and split private backyards.
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: Fully rented duplex with two tenants already in place; Two‑bedroom, two‑bath layout (Bathroom 1 and Bathroom 2) per property room information; Each unit updated with renovations from the kitchens to the bathrooms (per public remarks)
