Duplex with New
For Sale
Contact for pricing
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
Price / SF$256.31
Days on Market9
Property Features for 3830 ROAN Court E
General Information
Standard status
Active
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: Sep 1
Last Checked: Sep 1 at 9:07PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,457
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.30%
Second Best
Apartment 5plus
$630.5K
$551.7K – $735.6K
NOI $44,138 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$1.79M
$1.56M – $2.08M
NOI $125,020 @ 7.0% cap · market cap 19.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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 $650,000.
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
