Duplex With Two-Bedroom
For Sale
$585,000
Pending
512 Holly Drive 1, Palm Beach Gardens, FL 33410
Two residential units offer separate living areas, kitchens, indoor laundry, and tile flooring throughout.
Property Size1,920 SF
Days on Market50
Property Features for 512 Holly Drive 1
General Information
Standard status
Pending
Size
1,920 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$7,468
Building Details
Building Size
1,920 SF
Year Built
1968
Listing Agency:
KW Reserve Palm Beach
Listed By:
Jeffrey L Tricoli PA · License #3082942
(561) 220-6006
Source:
Meyerlucas
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 26 at 10:18PM
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 KW Reserve Palm Beach
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1968, this duplex contains two residential units, each with 2 bedrooms and 2 bathrooms. Both residences include a living area, a functional kitchen with appliances and cabinet storage, tile flooring throughout, and an indoor laundry area equipped with a washer and dryer.
The property is located at 512 Holly Drive 1 in Palm Beach Gardens, Florida, within Palm Beach Gardens Estates. No HOA restrictions are identified, providing flexibility for the property’s residential use. The two-unit layout also supports rental income or multigenerational living, as described in the property information.
The property is located at 512 Holly Drive 1 in Palm Beach Gardens, Florida, within Palm Beach Gardens Estates. No HOA restrictions are identified, providing flexibility for the property’s residential use. The two-unit layout also supports rental income or multigenerational living, as described in the property information.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 2 bathrooms in each unit
- Built in 1968
- Tile flooring throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,006
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,120
$640.1K
Cap Rate 7%
$457,229
$457.2K
Cap Rate 9%
$355,622
$355.6K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$48.4K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$45.7K $23.81/SF
− OpEx
−$13.7K −$7.14/SF
NOI
$32.0K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,120
Cap Rate 7%
$457,229
Cap Rate 9%
$355,622
Alternative Uses
Best Use
Multifamily LT 5
$457.2K
$400.1K – $533.4K
NOI $32,006 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$421.8K
$369.1K – $492.1K
NOI $29,528 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,652 @ 7.0% cap · market cap 16.18%
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
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
Explore this area
Business Placement
Demographics for 33410, FL
35,946
Population
17,830
Households
2
Avg Household Size
47
Median Age
47%
College-Educated
95%
High-School Grad
11.4 sq mi
ZIP Area
3,153
Density / Sq Mi
$96,059
Median Household Income
$47,169
Median Earnings
$2,193
Median Rent
$469,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate living areas, kitchens, indoor laundry, and tile flooring throughout.
Where is this duplex located?
The property is located at 512 Holly Drive 1 Palm Beach Gardens, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 2 bathrooms in each unit; Built in 1968; Tile flooring throughout both units
