Duplex with Updated
4616 Myla Lane, West Palm Beach, FL 33417
For Sale
New
$625,000
Two occupied residences offer matching three-bedroom, one-bath layouts and shaded outdoor space.
Property Size2,173 SF
Lot Size0.25 Acres
Price / SF$287.62
Days on Market7
Property Features for 4616 Myla Lane
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Lease Term
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Building Details
Year Built
Buildings
Construction
Tenancy
Listing Agency:
One Sotheby's International Realty
Listed By:
Kayla Robinson
(561) 667-9992
Source:
Onesothebysrealty
Added: Nov 8
Changed: Nov 12
Last Checked: Nov 12 at 2:26PM
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 One Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Built in 1971, this CBS duplex contains two three-bedroom, one-bath residences. Kitchen and bathroom cabinetry in both units has been updated since 2019. The roof was recently inspected, and the property includes an approximately quarter-acre lot with a shaded backyard.
The property is in West Palm Beach, with access to major roadways, shopping, dining, and everyday services. Its two occupied units provide an established residential rental configuration.
The property is in West Palm Beach, with access to major roadways, shopping, dining, and everyday services. Its two occupied units provide an established residential rental configuration.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- CBS construction; built in 1971
- Approximately quarter‑acre lot with a shaded backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,664
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$813,280
$813.3K
Cap Rate 7%
$580,914
$580.9K
Cap Rate 9%
$451,822
$451.8K
Market Conditions
NOI Build-Up for 2,173 SF
Gross rent
$61.3K $28.20/SF
− Vacancy
−$3.2K −$1.47/SF
EGI
$58.1K $26.73/SF
− OpEx
−$17.4K −$8.02/SF
NOI
$40.7K $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%
$813,280
Cap Rate 7%
$580,914
Cap Rate 9%
$451,822
Alternative Uses
Best Use
Multifamily LT 5
$580.9K
$508.3K – $677.7K
NOI $40,664 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$540.3K
$472.8K – $630.3K
NOI $37,820 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,124 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,521
Businesses Nearby
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Business Placement
Demographics for 33417, FL
34,153
Population
20,450
Households
1.7
Avg Household Size
48
Median Age
26%
College-Educated
83%
High-School Grad
6.6 sq mi
ZIP Area
5,175
Density / Sq Mi
$50,077
Median Household Income
$35,036
Median Earnings
$1,533
Median Rent
$159,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in West Palm Beach, FL
Properties on Market for Duplexes in West Palm Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences offer matching three-bedroom, one-bath layouts and shaded outdoor space.
Where is this duplex located?
The property is located at 4616 Myla Lane West Palm Beach, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; CBS construction; built in 1971; Approximately quarter‑acre lot with a shaded backyard
