Duplex with Private
New
For Sale
$549,999
4329 Whispering Pines Road, West Palm Beach, FL 33406
Residential Income, West Palm Beach, FL
Property Size1,558 SF
Lot Size0.25 Acres
Price / SF$353.02
Days on Market2
Property Features for 4329 Whispering Pines Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Pets allowed
No, Yes
Pool private
1
Subdivision
WHISPERING PINES
Lot features
Corner Lot
Elementary school
Berkshire
Middle school
Palm Springs Community (Palm Beach)
High school
John I. Leonard
Standard status
Active
APN
00424401110000311
Size
1,558 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WHISPERING PINES S 1/2 OF LT 31 & LT 32
Tax Annual Amount
4292
Legal Description
WHISPERING PINES S 1/2 OF LT 31 & LT 32
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
pool
laundry areas
Building Details
Year built
1948
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet
Building materials
Fiber Cement, Wood Siding
Roof type
Shingle
Listing Agency:
Realty One Group Innovation
(561) 501-0055
Listed By:
Sydney Sclafani · License #3492590
(561) 281-9176
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 5:06PM
MLS# B26082413
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 1,558-square-foot duplex on a 0.25-acre corner parcel contains two residences. One has a bedroom, office, and one bathroom; the other has two bedrooms and one bathroom. Each unit includes a designated laundry area. A private pool and yard provide additional outdoor features. The property was built in 1948 and is zoned RM.
The property is in West Palm Beach, near Palm Beach International Airport, Downtown West Palm Beach, Palm Beach Outlets, I-95, shops, and restaurants. New construction homes are appearing along the street.
The property is in West Palm Beach, near Palm Beach International Airport, Downtown West Palm Beach, Palm Beach Outlets, I-95, shops, and restaurants. New construction homes are appearing along the street.
Key Highlights
- Two‑unit layout: one residence has 1 bedroom plus an office; the other has 2 bedrooms
- 1,558 square feet on a 0.25‑acre corner lot
- Private pool and yard
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
$29,156
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
5.30%
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%
$583,120
$583.1K
Cap Rate 7%
$416,514
$416.5K
Cap Rate 9%
$323,956
$324.0K
Market Conditions
NOI Build-Up for 1,558 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
$43.9K $28.20/SF
− Vacancy
−$2.3K −$1.47/SF
EGI
$41.7K $26.73/SF
− OpEx
−$12.5K −$8.02/SF
NOI
$29.2K $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%
$583,120
Cap Rate 7%
$416,514
Cap Rate 9%
$323,956
Alternative Uses
Best Use
Multifamily LT 5
$416.5K
$364.5K – $485.9K
NOI $29,156 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$387.4K
$339.0K – $451.9K
NOI $27,116 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.10M
$960.1K – $1.28M
NOI $76,806 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
685
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
View Realmo Analytics
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 separate residences offer distinct bedroom layouts, individual laundry areas, and outdoor amenities.
Where is this duplex located?
The property is located at 4329 Whispering Pines Road West Palm Beach, FL.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: Two‑unit layout: one residence has 1 bedroom plus an office; the other has 2 bedrooms; 1,558 square feet on a 0.25‑acre corner lot; Private pool and yard
