4727 Myrtle Lane, West Palm Beach, FL 33417
Two separate units with updated kitchens, tile flooring, and ample parking, plus a large backyard for everyday and rental use.
- Added:
- May 21, 2026
- Days on Market:
- 37
- Last Refresh:
- Jun 20 at 6:46 am
Property Features for 4727 Myrtle Lane
General Information
- Standard status
- Active
- Size
- 1,988 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1963
Listing office KW Reserve Palm Beach (561) 678-5584
Listing date May 21, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of KW Reserve Palm Beach
HighLights
- Duplex built in 1963 with two separate units: 4727 and 4729 Myrtle Lane
- Unit 4729 is currently tenant‑occupied, providing immediate rental income potential
- Both units feature spacious living and dining areas with tile flooring and recessed lighting
- Updated kitchens include granite countertops, wood cabinetry, and stainless steel appliances
- Each unit has private entrances, along with well‑appointed bathrooms and spacious bedrooms
- Large backyard, outdoor space, and ample parking
Overview
The property sits on a generously sized lot with ample parking and outdoor space. A large backyard adds flexibility for tenant enjoyment and potential future enhancements. The home is positioned for convenient access to major roads as well as shopping, dining, schools, and local amenities.
Unit 4729 is currently tenant-occupied, offering immediate rental occupancy, while the overall layout supports either long-term rental use or owner-occupancy with the flexibility to occupy one unit and lease the other. The combination of private entries, updated interiors, and outdoor space makes the property well-suited to buyers looking for a straightforward two-unit setup with functional, comfortable living areas for tenants.
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 | $56.1k | $28.20 |
| − Vacancy | −$2.9k | −$1.47 |
| EGI | $53.1k | $26.73 |
| − OpEx | −$15.9k | −$8.02 |
| NOI | $37.2k | $18.71 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.114975
- Latitude
- 26.7019694
