Duplex with New
For Sale
Contact for pricing
Pending
3830 ROAN Court E, West Palm Beach, FL 33403
Two-unit residential income property with RM zoning and updated electrical panels.
Property Size2,536 SF
Days on Market54
Property Features for 3830 ROAN Court E
General Information
Standard status
Pending
Size
2,536 SF
Property subtype
Multifamily
Zoning
RM
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1972
Units
2
Listing Agency:
Intelligence Choice Realty LLC
Listed By:
Martineau Dimanche · License #3175182
(407) 207-2220
Source:
Crexi
Added: Aug 25
Changed: Oct 11
Last Checked: Oct 16 at 8:44AM
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 Intelligence Choice Realty LLC
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Investment Insights
Based on property information with market context.
This 2,536-square-foot duplex was built in 1972 and includes two distinct residential units. The larger unit has three bedrooms and two bathrooms, while the second offers two bedrooms and one bathroom. Tenants are in place, and the property includes a lease extending through February 2027 for Unit 1.
Recent capital improvements include a new roof and upgraded electrical panels, both completed in 2025. The property is located near Northlake Boulevard with access to I-95, shopping, and area beaches. RM zoning supports its multifamily classification.
Recent capital improvements include a new roof and upgraded electrical panels, both completed in 2025. The property is located near Northlake Boulevard with access to I-95, shopping, and area beaches. RM zoning supports its multifamily classification.
Key Highlights
- 2,536‑square‑foot duplex built in 1972
- Unit 1 offers 3 bedrooms and 2 bathrooms
- Unit 2 includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,457
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$949,140
$949.1K
Cap Rate 7%
$677,957
$678.0K
Cap Rate 9%
$527,300
$527.3K
Market Conditions
NOI Build-Up for 2,536 SF
Gross rent
$71.5K $28.20/SF
− Vacancy
−$3.7K −$1.47/SF
EGI
$67.8K $26.73/SF
− OpEx
−$20.3K −$8.02/SF
NOI
$47.5K $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%
$949,140
Cap Rate 7%
$677,957
Cap Rate 9%
$527,300
Alternative Uses
Best Use
Multifamily LT 5
$678.0K
$593.2K – $791.0K
NOI $47,457 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$630.5K
$551.7K – $735.6K
NOI $44,138 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$1.79M
$1.56M – $2.08M
NOI $125,020 @ 7.0% cap · market cap 21.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 33403, FL
13,779
Population
5,906
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
3.3 sq mi
ZIP Area
4,175
Density / Sq Mi
$69,050
Median Household Income
$34,019
Median Earnings
$1,426
Median Rent
$340,100
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-unit residential income property with RM zoning and updated electrical panels.
Where is this duplex located?
The property is located at 3830 ROAN Court E West Palm Beach, FL.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 2,536‑square‑foot duplex built in 1972; Unit 1 offers 3 bedrooms and 2 bathrooms; Unit 2 includes 2 bedrooms and 1 bathroom
