Two-Unit
For Sale
Under Contract
$372,900
4108 Greenwood Avenue, West Palm Beach, FL 33407
Residential Income, West Palm Beach, FL
Property Size1,548 SF
Price / SF$240.89
Days on Market415
Property Features for 4108 Greenwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF7(ci
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2
Fencing
Fenced
Subdivision
NORTHMORE ADD
Directions
Greenwood Ave. Between 41 And 40 St.
Standard status
Active Under Contract
APN
74434304130010050
Size
1,548 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
74434304130010050
Tax Annual Amount
5939
Legal Description
74434304130010050
Utilities
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), 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
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Arkeshia Love · License #3564977
(954) 993-8560
Added: Aug 21, 2025
Changed: Oct 9
Last Checked: Oct 9 at 1:06AM
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 1,548-square-foot duplex contains two separate residences, each with its own electric meter. The property was built in 1947 and has stucco exterior walls, tile flooring, and a composition roof. Heating is electric, with wall or window units for cooling. The grounds are fenced.
Both units are currently occupied by long-term tenants. The property is in West Palm Beach, Florida.
Both units are currently occupied by long-term tenants. The property is in West Palm Beach, Florida.
Key Highlights
- Two separate residential units, each with its own electric meter
- 1,548 square feet; built in 1947
- Currently occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,969
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,380
$579.4K
Cap Rate 7%
$413,843
$413.8K
Cap Rate 9%
$321,878
$321.9K
Market Conditions
NOI Build-Up for 1,548 SF
Gross rent
$43.7K $28.20/SF
− Vacancy
−$2.3K −$1.47/SF
EGI
$41.4K $26.73/SF
− OpEx
−$12.4K −$8.02/SF
NOI
$29.0K $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 Rate 5%
$579,380
Cap Rate 7%
$413,843
Cap Rate 9%
$321,878
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 authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a separate electric meter, and both are occupied by long-term tenants.
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 residential units, each with its own electric meter; 1,548 square feet; built in 1947; Currently occupied by long‑term tenants
