Corner-Lot Duplex with New
New
For Sale
$725,000
4647 Marguerita Street, West Palm Beach, FL 33417
MULTI_FAMILY - West Palm Beach, FL
Property Size1,800 SF
Lot Size0.68 Acres
Price / SF$402.78
Days on Market5
Property Features for 4647 Marguerita Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4
Patio and Porch features
Porch
Pets allowed
No, Yes
Lot features
Corner Lot
Elementary school
Egret Lake
Middle school
Bear Lakes
High school
Palm Beach Lakes
Directions
Heading east on Okeechobee Blvd make a left onto Military Trail; then make a left onto Marguerita Drive duplex will be on your right
Subdivision
5400
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
Legal 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)
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public, Well
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: Jul 31
Changed: Aug 3
Last Checked: Aug 4 at 12:06PM
MLS# B26059267
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 duplex sits on a large corner lot and offers two residential units, each with an inside laundry area and an appointed kitchen. The home includes central heating and central air with ceiling fans, plus laminate and tile flooring. Construction materials include frame and stucco, with a composition roof and a porch. Built in 1982, the property also features a newer water heater in both units.
Recent upgrades include new HVAC installed in 2024. Utilities include cable available. Water service is provided by both well and public sources, while sewer is served by a septic tank.
The RM zoning supports continued residential use as a duplex, with potential for added units on the property mentioned in the public remarks. The location is described as convenient to downtown, the PBI airport, shopping, and dining.
Recent upgrades include new HVAC installed in 2024. Utilities include cable available. Water service is provided by both well and public sources, while sewer is served by a septic tank.
The RM zoning supports continued residential use as a duplex, with potential for added units on the property mentioned in the public remarks. The location is described as convenient to downtown, the PBI airport, shopping, and dining.
Key Highlights
- 0.68‑acre corner lot
- Two units with inside laundry and an appointed kitchen
- New HVAC installed in 2024 and newer water heater in both units
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 4.65%
Second Best
Apartment 5plus
$447.5K
$391.6K – $522.1K
NOI $31,328 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,736 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
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
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 - Duplex on an RM-zoned corner lot with new HVAC in 2024, inside laundry, and well-and-public water served septic disposal.
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 $725,000.
What are key features of this property?
This property features: 0.68‑acre corner lot; Two units with inside laundry and an appointed kitchen; New HVAC installed in 2024 and newer water heater in both units
