Residential Income
For Sale
$725,000
4116 Plumosa Street, West Palm Beach, FL 33406
Duplex residential income property available for sale in West Palm Beach, Florida.
Property Size2,250 SF
Days on Market104
Property Features for 4116 Plumosa Street
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$9,425
Building Details
Building Size
2,250 SF
Year Built
1973
Listing Agency:
KW Reserve Palm Beach
Listed By:
Loodmy Jacques · License #3222697
(561) 678-5584
Source:
Meyerlucas
Added: Jul 16
Changed: Oct 25
Last Checked: Oct 25 at 2:30AM
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 KW Reserve Palm Beach
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Investment Insights
Based on property information with market context.
This residential income duplex offers a multifamily configuration presented as a for-sale investment property. The asset is sized at 2,250 square feet.
Located at 4116 Plumosa Street in West Palm Beach, Florida, the property is positioned within a residential area of Palm Beach County.
If you’re evaluating income-focused residential multifamily options, this duplex provides a straightforward duplex format for review.
Located at 4116 Plumosa Street in West Palm Beach, Florida, the property is positioned within a residential area of Palm Beach County.
If you’re evaluating income-focused residential multifamily options, this duplex provides a straightforward duplex format for review.
Key Highlights
- Duplex residential income property for sale in West Palm Beach, Florida
- Built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,105
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,100
$842.1K
Cap Rate 7%
$601,500
$601.5K
Cap Rate 9%
$467,833
$467.8K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$63.5K $28.20/SF
− Vacancy
−$3.3K −$1.47/SF
EGI
$60.2K $26.73/SF
− OpEx
−$18.0K −$8.02/SF
NOI
$42.1K $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%
$842,100
Cap Rate 7%
$601,500
Cap Rate 9%
$467,833
Alternative Uses
Best Use
Multifamily LT 5
$601.5K
$526.3K – $701.8K
NOI $42,105 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$559.4K
$489.5K – $652.7K
NOI $39,160 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,920 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
Explore this area
Business Placement
Demographics for 33406, FL
27,663
Population
9,426
Households
2.9
Avg Household Size
39
Median Age
24%
College-Educated
81%
High-School Grad
8.7 sq mi
ZIP Area
3,180
Density / Sq Mi
$79,696
Median Household Income
$37,453
Median Earnings
$1,677
Median Rent
$358,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex residential income property available for sale in West Palm Beach, Florida.
Where is this duplex located?
The property is located at 4116 Plumosa Street West Palm Beach, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Duplex residential income property for sale in West Palm Beach, Florida; Built in 1973
