4108 Greenwood Avenue West Palm Beach, FL 33407
MULTI_FAMILY - West Palm Beach, FL
- Added:
- Aug 21, 2025
- Days on Market:
- 326
- Last Refresh:
- Jul 12 at 9:06 pm
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 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3
- 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 agent Arkeshia Love License #3564977 (954) 993-8560
Listing office LoKation 1500 E Atlantic Blvd. The K. Co. Building, Pompano Beach, FL (954) 545-5583
Listing date Aug 21, 2025
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.
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
- Rented to long‑term tenants at under market value
- Stucco exterior with a composition roof
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 |
