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Updated Duplex with Private Patios

4804 Garden Ave, West Palm Beach, FL 33405

For Sale
$649,900

Residential Income, West Palm Beach, FL

Property Size1,625 SF
Price / SF$399.94
Days on Market94

Property Features for 4804 Garden Ave

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description SF7 (cit
Bedrooms 4
Full bathrooms 2
Rooms Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1
Parking 2
Security features Security
Patio and Porch features Patio
Exterior features Fence, Patio, Security/High Impact Doors
Fencing Fenced
Subdivision GARDENS THE
Lot features Flood Zone, < 1/4 Acre
Standard status Active
APN 74434404060000370
Size 1,625 SF

Additional Details

Individually Metered Utilities electricity, water

Taxes and HOA fees

Tax Year 2026
Tax Description THE GARDENS LTS 37 & 38
Tax Annual Amount 6215
Legal Description THE GARDENS LTS 37 & 38

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Central, Natural Gas
Cooling system Central Air
Water source Public

Amenities

private outdoor patio area
designated storage area

Building Details

Year built 1972
Floors in Building 1
Flooring type Vinyl
Building materials Block
Roof type Shingle
Listing Agency: Realty One Group Evolution
Listed By: Luisa Agudelo · License FL #3391351
Added: Aug 11 Changed: Nov 11 Last Checked: Nov 12 at 8:06AM
MLS# A12068825

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 1,625-square-foot duplex contains two 2BR/1BA units, each with its own exterior entrance and patio area. Improvements include a permitted roof installed in 2026, refreshed interior paint, contemporary finishes, and new appliances. Separate electric and water meters serve the units independently. The property also provides private parking for 4+ vehicles, a designated storage area, block construction, vinyl flooring, central air, and natural-gas heating.

Located at 4804 Garden Ave in West Palm Beach, the property has public water and sewer service, fencing, shingle roofing, and high-impact security doors. Its two-unit layout supports both owner occupancy and rental use, subject to applicable local regulations.

Key Highlights

  • Two 2BR/1BA units within a 1,625‑square‑foot duplex
  • Permitted roof installed in 2026
  • Separate electric and water meters for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$30,409
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,180 $608.2K
Cap Rate 7%
$434,414 $434.4K
Cap Rate 9%
$337,878 $337.9K
Market Conditions
NOI Build-Up for 1,625 SF
Gross rent
$45.8K $28.20/SF
− Vacancy
−$2.4K −$1.47/SF
EGI
$43.4K $26.73/SF
− OpEx
−$13.0K −$8.02/SF
NOI
$30.4K $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%
$608,180
Cap Rate 7%
$434,414
Cap Rate 9%
$337,878

Alternative Uses

Best Use
Multifamily LT 5
$434.4K
$380.1K – $506.8K (±1% cap)
NOI $30,409 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$404.0K
$353.5K – $471.4K (±1% cap)
NOI $28,282 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.14M
$1.00M – $1.34M (±1% cap)
NOI $80,109 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,164
Businesses Nearby

Demographics for 33405, FL

19,369
Population
9,557
Households
2
Avg Household Size
41
Median Age
34%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
4,304
Density / Sq Mi
$82,945
Median Household Income
$46,450
Median Earnings
$1,432
Median Rent
$401,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Duplexes in West Palm Beach, FL

$364 Jul
$377 Aug
$374 Sep
$375 Oct

Properties on Market for Duplexes in West Palm Beach

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two separately metered units include exterior access, dedicated outdoor space, and independent utility service.
Where is this duplex located?
The property is located at 4804 Garden Ave West Palm Beach, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two 2BR/1BA units within a 1,625‑square‑foot duplex; Permitted roof installed in 2026; Separate electric and water meters for each unit
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