Renovated Duplex with Impact
4000 Greenwood Avenue West Palm Beach, FL 33407
For Sale
$578,800
Renovated duplex with two identical 2/1 units, individual central A/C, and in-unit washer and dryer.
Property Size1,568 SF
Price / SF$369.13
Days on Market167
Property Features for 4000 Greenwood Avenue
General Information
- Standard status
- Active
- Size
- 1,568 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1958
Listing Agency:
Unity Investment Group, LLC
(561) 247-5441
Listed By:
Mildred Bellefleur · License #3195211
(561) 247-5441
Source:
Compass
Added: Feb 8
Changed: Jul 23
Last Checked: Jul 23 at 10:15AM
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 Unity Investment Group, LLC
Investment Insights
Based on property information with market context.
This meticulously renovated duplex features two identical residences, each with a 2-bedroom, 1-bath layout. Kitchens include solid wood cabinetry and granite and quartz countertops, along with modern appliances. Both units are equipped with individual central A/C and include in-unit washer and dryer.
The property has been updated at the systems level with high-efficiency impact windows and doors, complete replacement of original cast iron plumbing with PVC piping, and rewired electrical to current code. Additional upgrades include central HVAC and updated water heaters. The roof is scheduled for replacement in 2026.
Located in the 33407 ZIP code at 4000 Greenwood Avenue in West Palm Beach, the duplex is being offered as a buy-and-hold or owner-occupant opportunity.
The property has been updated at the systems level with high-efficiency impact windows and doors, complete replacement of original cast iron plumbing with PVC piping, and rewired electrical to current code. Additional upgrades include central HVAC and updated water heaters. The roof is scheduled for replacement in 2026.
Located in the 33407 ZIP code at 4000 Greenwood Avenue in West Palm Beach, the duplex is being offered as a buy-and-hold or owner-occupant opportunity.
Key Highlights
- Renovated 1958 duplex with two identical 2 bed, 1 bath units
- Individually metered living comfort: central AC system for each unit
- Each unit includes in‑unit washer and dryer
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 | $44.2k | $28.20 |
| − Vacancy | −$2.3k | −$1.47 |
| EGI | $41.9k | $26.73 |
| − OpEx | −$12.6k | −$8.02 |
| NOI | $29.3k | $18.71 |
1,568 SF · lease $28.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$419.2K
$366.8K – $489.1K
NOI $29,343 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$389.9K
$341.1K – $454.8K
NOI $27,290 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$1.10M
$966.2K – $1.29M
NOI $77,299 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated duplex with two identical 2/1 units, individual central A/C, and in-unit washer and dryer.
Where is this duplex located?
The property is located at 4000 Greenwood Avenue West Palm Beach, FL.
What is the asking price?
The asking price for this property is $578,800.
What are key features of this property?
This property features: Renovated 1958 duplex with two identical 2 bed, 1 bath units; Individually metered living comfort: central AC system for each unit; Each unit includes in‑unit washer and dryer
