Well-Maintained 2BR
4647 Marguerita Street West Palm Beach, FL 33417
For Sale
$730,000
MULTI_FAMILY - West Palm Beach, FL
Property Size1,800 SF
Lot Size0.68 Acres
Price / SF$405.56
Days on Market163
Property Features for 4647 Marguerita Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3
Patio and Porch features
Porch
Standard status
Active
APN
00424324000003141
Size
1,800 SF
Lot size
0.68 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
24-43-42~ E 200 FT OF S 200 FTOF SW 1/4 OF SE 1/4 OF NW 1/4 (LESS E 25 FT & S 30 FT RD R/WS)
Tax Annual Amount
3903
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1982
Floors in Building
1
Number of units
2
Flooring type
Tile, Laminate
Building materials
Frame, Stucco
Roof type
Composition
Listing Agency:
Choice Plus Real Estate
(561) 628-4663
Listed By:
Jennifer Rose Lyles · License #3233511
(561) 312-4810
Added: Feb 15
Changed: Jul 24
Last Checked: Jul 28 at 5:06PM
MLS# R11163848
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 property is a well-maintained 2BR/1BA duplex on a 0.68-acre corner lot, totaling approximately 1,800 square feet. Both units include inside laundry and feature a kitchen suited for everyday living and meal preparation. The layout provides comfortable, spacious living areas for daily use, with each unit operating as a self-contained home.
Located at 4647 Marguerita Street in West Palm Beach, the duplex offers convenient access to local destinations. The listing notes proximity to downtown, PBI airport, shopping, and dining, supporting a variety of tenant lifestyles.
For tenants, the unit mix and in-unit laundry can simplify day-to-day routines, while the 2024 HVAC replacement for both sides is a meaningful operational consideration. For buyers, the duplex configuration allows one to occupy a unit while leasing the other, aligning with the property’s live-in-and-rent approach described in the listing. The site’s corner-lot setting and stated potential to add more units may also appeal to buyers looking for flexibility beyond the existing two-unit setup.
Located at 4647 Marguerita Street in West Palm Beach, the duplex offers convenient access to local destinations. The listing notes proximity to downtown, PBI airport, shopping, and dining, supporting a variety of tenant lifestyles.
For tenants, the unit mix and in-unit laundry can simplify day-to-day routines, while the 2024 HVAC replacement for both sides is a meaningful operational consideration. For buyers, the duplex configuration allows one to occupy a unit while leasing the other, aligning with the property’s live-in-and-rent approach described in the listing. The site’s corner-lot setting and stated potential to add more units may also appeal to buyers looking for flexibility beyond the existing two-unit setup.
Key Highlights
- 0.68‑acre corner lot with a well‑maintained 2BR/1BA duplex
- New HVAC installed in 2024 in both units
- Each unit includes inside laundry and a kitchen
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 | $50.8k | $28.20 |
| − Vacancy | −$2.6k | −$1.47 |
| EGI | $48.1k | $26.73 |
| − OpEx | −$14.4k | −$8.02 |
| NOI | $33.7k | $18.71 |
1,800 SF · lease $28.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$481.2K
$421.1K – $561.4K
NOI $33,684 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$447.5K
$391.6K – $522.1K
NOI $31,328 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,736 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with 2024 HVAC, inside laundry, and spacious living areas on a corner lot.
Where is this duplex located?
The property is located at 4647 Marguerita Street West Palm Beach, FL.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: 0.68‑acre corner lot with a well‑maintained 2BR/1BA duplex; New HVAC installed in 2024 in both units; Each unit includes inside laundry and a kitchen
