Remodeled Duplex with Fenced
For Sale
$725,000
4116 Plumosa Street, West Palm Beach, FL 33406
Residential Income, West Palm Beach, FL
Property Size2,250 SF
Lot Size0.27 Acres
Price / SF$322.22
Days on Market54
Property Features for 4116 Plumosa Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM
Bedrooms
5
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 2
Patio and Porch features
Porch, Patio
Pets allowed
No, Yes
Exterior features
Courtyard, Storage
Fencing
Fenced, Gate
Subdivision
PINE AIR
Elementary school
Berkshire
Middle school
Palm Springs Community (Palm Beach)
High school
John I. Leonard
Directions
I-95 South for about 5-6 miles, then exit at Forest Hill Blvd and head west, continuing south on Kirk Rd toward the Parker Ave/Dixie Hwy area, then turn onto Plumosa St where 4116 will be on your right
Standard status
Active
APN
00424412100030130
Size
2,250 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PINE AIR SUB LT 13 & W 25 FT OF LT 14 BLK C
Tax Annual Amount
9426
Legal Description
PINE AIR SUB LT 13 & W 25 FT OF LT 14 BLK C
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer and dryer
private fenced backyard
parking
central A/C
tile flooring
impact windows
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS
Roof type
Shingle
Additional Structures
Storage, Outbuilding
Listing Agency:
KW Reserve Palm Beach · Keller Williams Realty
(561) 966-4000
Listed By:
Loodmy Jacques · License #3222697
(561) 678-5584
Added: Jul 16
Changed: Sep 5
Last Checked: Sep 7 at 6:06AM
MLS# B26053088
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 2,250-square-foot CBS duplex on a 0.27-acre lot contains two residences: a three-bedroom, two-bath unit and a two-bedroom, one-bath unit. Both feature tile flooring, central air, private fenced outdoor space, parking, separate electric meters, and impact windows. The larger residence includes a washer and dryer; the smaller unit has washer and dryer hookups. Interior updates and remodeling have been completed.
Built in 1973, the property includes a courtyard, storage, patio, porch, gated fencing, shingle roofing, public water, and septic service with a newer drainfield. The duplex is located at 4116 Plumosa Street in West Palm Beach and is zoned RM. Both residences are occupied under month-to-month leases.
Built in 1973, the property includes a courtyard, storage, patio, porch, gated fencing, shingle roofing, public water, and septic service with a newer drainfield. The duplex is located at 4116 Plumosa Street in West Palm Beach and is zoned RM. Both residences are occupied under month-to-month leases.
Key Highlights
- Two‑unit duplex with 3‑bedroom, 2‑bath and 2‑bedroom, 1‑bath residences
- 2,250 square feet on a 0.27‑acre lot
- CBS construction with remodeled interiors and complete impact windows
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
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two tenant-occupied units offer private outdoor areas, central air, and separate electric meters.
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: Two‑unit duplex with 3‑bedroom, 2‑bath and 2‑bedroom, 1‑bath residences; 2,250 square feet on a 0.27‑acre lot; CBS construction with remodeled interiors and complete impact windows
