Income-Producing Duplex on Large
For Sale
$889,900
3918 Serubi Ave, Palm Springs, FL 33461
Duplex for sale with income potential on a large lot.
Property Size2,492 SF
Days on Market313
Property Features for 3918 Serubi Ave
General Information
Standard status
Active
Size
2,492 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$10,528
Building Details
Building Size
2,492 SF
Year Built
1955
Stories
1
Units
4
Listing Agency:
Partnership Realty Inc.
Listed By:
Omar Sanchez Leyva · License #3339132
(645) 223-3548
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 1
Last Checked: Oct 7 at 2:36PM
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 Partnership Realty Inc.
Investment Insights
Based on property information with market context.
This income-producing duplex presents a solid rental opportunity. The property is situated on a large lot.
Key Highlights
- Income‑producing duplex
- Solid rental potential
- Large lot offers possibilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,541
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,820
$830.8K
Cap Rate 7%
$593,443
$593.4K
Cap Rate 9%
$461,567
$461.6K
Market Conditions
NOI Build-Up for 2,492 SF
Gross rent
$62.8K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$59.3K $23.81/SF
− OpEx
−$17.8K −$7.14/SF
NOI
$41.5K $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%
$830,820
Cap Rate 7%
$593,443
Cap Rate 9%
$461,567
Alternative Uses
Best Use
Multifamily LT 5
$593.4K
$519.3K – $692.4K
NOI $41,541 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$547.5K
$479.1K – $638.8K
NOI $38,325 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.75M
$1.54M – $2.05M
NOI $122,850 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,098
Businesses Nearby
Explore this area
Business Placement
Demographics for 33461, FL
47,161
Population
18,095
Households
2.6
Avg Household Size
36
Median Age
17%
College-Educated
75%
High-School Grad
7.1 sq mi
ZIP Area
6,642
Density / Sq Mi
$61,218
Median Household Income
$31,503
Median Earnings
$1,615
Median Rent
$263,400
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale with income potential on a large lot.
Where is this duplex located?
The property is located at 3918 Serubi Ave Palm Springs, FL.
What is the asking price?
The asking price for this property is $889,900.
What are key features of this property?
This property features: Income‑producing duplex; Solid rental potential; Large lot offers possibilities
