Updated Duplex with Separate
For Sale
Contact for pricing
516 Nathan Hale Road, West Palm Beach, FL 33405
Updated duplex offers two units with in-unit appliances, A/C, and water heaters on separate meters.
Property Size1,060 SF
Price / SF$537.26
Days on Market35
Property Features for 516 Nathan Hale Road
General Information
Standard status
Active
Size
1,060 SF
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1926
Listing Agency:
RE/MAX Rex
(561) 856-9556
Listed By:
Rosie Lewin · License #3456226
Source:
Crexi
Added: Jul 1
Changed: Jul 23
Last Checked: Jul 29 at 4:44PM
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 RE/MAX Rex
Investment Insights
Based on property information with market context.
This updated duplex includes two residential units, each equipped with appliances, A/C units, and water heaters. Both units have in-unit washer and dryer hookups, and impact windows run throughout the property. The front unit is a 3-bedroom, 1-bath arrangement with hardwood floors, a modern kitchen, and a water heater dated 2020. The back unit is a renovated 2-bedroom, 1-bath unit with its own in-unit laundry and is currently rented.
The property is located near US-1 and I-95, with convenient access to Downtown West Palm Beach, shopping, dining, and being minutes to the beach.
For day-to-day convenience, the duplex is set up with separate meters for each unit, supporting straightforward utility management.
The property is located near US-1 and I-95, with convenient access to Downtown West Palm Beach, shopping, dining, and being minutes to the beach.
For day-to-day convenience, the duplex is set up with separate meters for each unit, supporting straightforward utility management.
Key Highlights
- Updated duplex built in 1926 with two separate units on separate meters
- Front unit: 3 bed, 1 bath with hardwood floors, updated kitchen, and in‑unit washer/dryer
- Front unit updates include A/C and water heater (2020) plus stainless steel appliances
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 | $29.9k | $28.20 |
| − Vacancy | −$1.6k | −$1.47 |
| EGI | $28.3k | $26.73 |
| − OpEx | −$8.5k | −$8.02 |
| NOI | $19.8k | $18.71 |
1,060 SF · lease $28.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$283.4K
$248.0K – $330.6K
NOI $19,836 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$263.6K
$230.6K – $307.5K
NOI $18,449 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$746.5K
$653.2K – $870.9K
NOI $52,256 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Explore this area
Business Placement
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
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 - Updated duplex offers two units with in-unit appliances, A/C, and water heaters on separate meters.
Where is this duplex located?
The property is located at 516 Nathan Hale Road West Palm Beach, FL.
What is the asking price?
The asking price for this property is $569,500.
What are key features of this property?
This property features: Updated duplex built in 1926 with two separate units on separate meters; Front unit: 3 bed, 1 bath with hardwood floors, updated kitchen, and in‑unit washer/dryer; Front unit updates include A/C and water heater (2020) plus stainless steel appliances
