Duplex with Separate Electric
4108 Greenwood Avenue West Palm Beach, FL 33407
For Sale
$372,900
MULTI_FAMILY - West Palm Beach, FL
Property Size1,548 SF
Price / SF$240.89
Days on Market339
Property Features for 4108 Greenwood Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- SF7(ci
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
- 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
- Electric, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1947
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Stucco
- Roof type
- Composition
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Arkeshia Love · License #3564977
(954) 993-8560
Added: Aug 21, 2025
Changed: Jul 25
Last Checked: Jul 25 at 8:06PM
MLS# R11117674
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.
Investment Insights
Based on property information with market context.
This for-sale duplex features two separate residential units, with each unit having its own electric meter. The property is configured as a true two-unit income setup, designed for independent utility billing and day-to-day separation between tenants.
Located at 4108 Greenwood Avenue in West Palm Beach, Florida 33407, the property sits in Palm Beach County. The listing is identified under zoning SF7(ci, which should be confirmed for buyer and tenant use considerations.
The current arrangement includes long-term tenants occupying the two units. For buyers or operators seeking a duplex investment with independent electric metering, this property offers a straightforward two-unit structure and an opportunity to acquire an income-producing asset with established tenancy. Buyers are encouraged to review lease terms, unit conditions, and applicable zoning restrictions during due diligence.
Located at 4108 Greenwood Avenue in West Palm Beach, Florida 33407, the property sits in Palm Beach County. The listing is identified under zoning SF7(ci, which should be confirmed for buyer and tenant use considerations.
The current arrangement includes long-term tenants occupying the two units. For buyers or operators seeking a duplex investment with independent electric metering, this property offers a straightforward two-unit structure and an opportunity to acquire an income-producing asset with established tenancy. Buyers are encouraged to review lease terms, unit conditions, and applicable zoning restrictions during due diligence.
Key Highlights
- Two separate units, each with its own electric meter
- Year built 1947
- Stucco exterior with a composition roof
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
NOI $28,969 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$384.9K
$336.8K – $449.0K
NOI $26,942 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$1.09M
$953.9K – $1.27M
NOI $76,313 @ 7.0% cap · market cap 20.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two independently metered units, currently leased to long-term tenants in West Palm Beach.
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 $372,900.
What are key features of this property?
This property features: Two separate units, each with its own electric meter; Year built 1947; Stucco exterior with a composition roof
