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 Market57
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: Sep 9
Last Checked: Sep 10 at 7:46AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,105
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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
