422 Caroline Avenue, West Palm Beach, FL 33413
- Added:
- Jul 2, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 8 at 8:06 pm
Property Features for 422 Caroline Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3
- Pets allowed
- No, Yes
- Fencing
- Fenced
- Standard status
- Active
- APN
- 00424335100070050
- Size
- 1,624 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- ROYAL PALM ESTATES LT 5 BLK 7
- Tax Annual Amount
- 7148
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1972
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile - Ceramic
- Building materials
- CBS
- Roof type
- Composition
Listing agent Lorena Fabiola Calvo License #3046951 (561) 951-7582
Listing office CGI Realty 1159 Royal Palm Beach Blvd., royal palm beach, FL (561) 507-0107
Listing date Jul 2, 2026
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.
HighLights
- 1972‑built duplex with two 2‑bedroom, 1‑bath units
- One unit tenant‑occupied generating $2,450/month; second unit vacant and ready for immediate occupancy
- Roof replaced in 2018
- Central heating and central air; ceramic tile flooring
- Public water and public sewer; cable available
- Fenced property; composition roof; CBS construction
Overview
Located at 422 Caroline Avenue in Royal Palm Estates, Florida 33413, the property is positioned near shopping, dining, schools, and major highways. The surrounding convenience is highlighted in the remarks, supporting a residential income configuration for buyers seeking a turnkey setup.
For investors, the tenant-occupied unit provides existing rental income alongside a vacant unit that can be put to use immediately. For owner-occupants, the arrangement supports living in one unit while using the other as rental income. The property is listed under RM zoning as a residential income option in Palm Beach County.
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 | $45.8k | $28.20 |
| − Vacancy | −$2.4k | −$1.47 |
| EGI | $43.4k | $26.73 |
| − OpEx | −$13.0k | −$8.02 |
| NOI | $30.4k | $18.71 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.128729
- Latitude
- 26.683934
