Single-Story
5171 Eadie Place Unit # 5171 - 5177, West Palm Beach, FL 33407
For Sale
$557,000
Both residences have dedicated climate control and laundry equipment, with separate electric and water meters.
Property Size1,848 SF
Price / SF$301.41
Days on Market144
Property Features for 5171 Eadie Place Unit # 5171 - 5177
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
central air conditioning
washer/dryer
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Loyalty Realty & Property Man.
Listed By:
Tullio C Meneghini · License FL #0692296
(561) 212-8687
Source:
Fraterrealty
Added: Jun 22
Changed: Nov 7
Last Checked: Nov 11 at 4:31PM
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 Loyalty Realty & Property Man.
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Investment Insights
Based on property information with market context.
This 1969 duplex contains two single-story residences, each configured with two bedrooms and one bathroom. The property provides 1,848 square feet of finished living area. Each residence has its own central air conditioning system and full-size washer and dryer, along with separate electric and water meters. Both units are rented.
The property is located on Eadie Place in West Palm Beach, Florida.
The property is located on Eadie Place in West Palm Beach, Florida.
Key Highlights
- Two 2‑bedroom, 1‑bathroom residences
- 1,848 square feet of finished living space
- Built in 1969
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,583
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,660
$691.7K
Cap Rate 7%
$494,043
$494.0K
Cap Rate 9%
$384,256
$384.3K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$52.1K $28.20/SF
− Vacancy
−$2.7K −$1.47/SF
EGI
$49.4K $26.73/SF
− OpEx
−$14.8K −$8.02/SF
NOI
$34.6K $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%
$691,660
Cap Rate 7%
$494,043
Cap Rate 9%
$384,256
Alternative Uses
Best Use
Multifamily LT 5
$494.0K
$432.3K – $576.4K
NOI $34,583 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$459.5K
$402.0K – $536.1K
NOI $32,163 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,103 @ 7.0% cap · market cap 16.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in West Palm Beach, FL
Properties on Market for Duplexes in West Palm Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have dedicated climate control and laundry equipment, with separate electric and water meters.
Where is this duplex located?
The property is located at 5171 Eadie Place Unit # 5171 - 5177 West Palm Beach, FL.
What is the asking price?
The asking price for this property is $557,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom residences; 1,848 square feet of finished living space; Built in 1969
