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    Duplex with Separate Electric Meters Title is generated by Realmo AI

    4108 Greenwood Avenue, West Palm Beach, FL 33407

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    Claim this Listing
    For Sale
    $398,900

    MULTI_FAMILY - West Palm Beach, FL

    Property size:
    1,548 SF
    Price / SF:
    $257/SF
    Added:
    Aug 21, 2025
    Days on Market:
    294
    Last Refresh:
    Jun 10 at 12:06 am

    Property Features for 4108 Greenwood Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    SF7(ci
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
    Fencing
    Fenced
    Standard status
    Active
    APN
    74434304130010050
    Size
    1,548 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    74434304130010050
    Tax Annual Amount
    5939

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Window Unit(s), Wall/Window Unit(s), Electric

    Building Details

    Year built
    1947
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Stucco
    Roof type
    Composition

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    Listing Contact
    Arkeshia Love

    Listing agent Arkeshia Love License #3564977

    Listing office LoKation 1500 E Atlantic Blvd. The K. Co. Building, Pompano Beach, FL

    Listing date Aug 21, 2025

    MLS# R11117674 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.

    HighLights

    • Two separate units, each with its own electric meter
    • Long‑term tenants currently in place
    • Stucco exterior with tile flooring
    • Electric heating with electric and window/wall unit cooling
    • 3 bedrooms and 2 bathrooms across the rooms listed
    • Built in 1947 with a composition roof and fenced property

    Overview

    This duplex is configured as two separate units, each with its own electric meter. The property is currently leased to long-term tenants, providing an income-producing residential setup. The listing also notes the opportunity to revamp the space, which may appeal to buyers looking to update and refresh the property.

    The property is located in West Palm Beach, Florida, in Palm Beach County. The property is listed under zoning described as SF7(ci. The address is 4108 Greenwood Avenue, West Palm Beach, FL 33407.

    For investors or owner-users seeking a manageable residential asset, the two separate units and individual electric meters can simplify operations and tenant billing compared with a single-meter arrangement. With both units under long-term tenancy, buyers can evaluate the property as a duplex offering on-site income while considering updates to align the interiors with current market preferences. The listed size is 1,548 square feet.

    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 $43.7k $28.20
    − Vacancy −$2.3k −$1.47
    EGI $41.4k $26.73
    − OpEx −$12.4k −$8.02
    NOI $29.0k $18.71
    1,548 SF · lease $28.20/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $413.8K
    $362.1K – $482.8K (±1% cap)
    NOI $28,969 @ 7.0% cap · market cap 7.26%
    Second Best
    Apartment 5plus
    $384.9K
    $336.8K – $449.0K (±1% cap)
    NOI $26,942 @ 7.0% cap · market cap 6.75%
    Theoretical Best
    Office A
    $1.09M
    $953.9K – $1.27M (±1% cap)
    NOI $76,313 @ 7.0% cap · market cap 19.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.060552
    Latitude
    26.749877

    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with individual electric meters, offering a straightforward setup for residential income ownership.
    Where is this duplex located?
    The property is located at 4108 Greenwood Avenue West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $398,900.
    What are key features of this property?
    This property features: Two separate units, each with its own electric meter; Long‑term tenants currently in place; Stucco exterior with tile flooring
    More about this property
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