Remodeled Duplex with Fenced
For Sale
$619,000
5735 Kumquat Road, West Palm Beach, FL 33413
Residential Income, West Palm Beach, FL
Property Size1,668 SF
Lot Size0.29 Acres
Price / SF$371.10
Days on Market54
Property Features for 5735 Kumquat Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 2
Pets allowed
No, Yes
Fencing
Fenced
Subdivision
ROYAL PALM ESTATES 2
Elementary school
Benoist Farms
Middle school
Jeaga
High school
Royal Palm Beach
Standard status
Active
APN
00424335110120230
Size
1,668 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROYAL PALM ESTATES PL NO 2 LT 23 BLK 12
Tax Annual Amount
7407
Legal Description
ROYAL PALM ESTATES PL NO 2 LT 23 BLK 12
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Amenities
private fenced backyard
central A/C
in-unit washer/dryer
walk-in closets
Building Details
Year built
1981
Floors in Building
1
Number of units
2
Flooring type
Tile, Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
KW Reserve Palm Beach · Keller Williams Realty
(561) 966-4000
Listed By:
Loodmy Jacques · License #3222697
(561) 678-5584
Added: Jul 16
Changed: Sep 5
Last Checked: Sep 7 at 6:06AM
MLS# B26053120
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This block-construction duplex contains two 2-bedroom, 1-bathroom residences within 1,668 square feet. Both units have been remodeled and feature ceramic tile flooring, walk-in closets, central air conditioning, and in-unit washers and dryers. Each residence also has a private fenced backyard, dedicated parking for 4 vehicles, and a separate electric meter.
Built in 1981 on a 0.29-acre lot, the property is located at 5735 Kumquat Road in West Palm Beach, Florida. Water service is provided publicly, while the property uses a septic tank for sewer. Both units are occupied under month-to-month leases, allowing the existing rental arrangement to continue while retaining lease-term flexibility.
Built in 1981 on a 0.29-acre lot, the property is located at 5735 Kumquat Road in West Palm Beach, Florida. Water service is provided publicly, while the property uses a septic tank for sewer. Both units are occupied under month-to-month leases, allowing the existing rental arrangement to continue while retaining lease-term flexibility.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bathroom units
- 1,668 square feet on a 0.29‑acre lot
- Each unit includes a private fenced backyard and parking for 4 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,214
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$624,280
$624.3K
Cap Rate 7%
$445,914
$445.9K
Cap Rate 9%
$346,822
$346.8K
Market Conditions
NOI Build-Up for 1,668 SF
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.
Gross rent
$47.0K $28.20/SF
− Vacancy
−$2.4K −$1.47/SF
EGI
$44.6K $26.73/SF
− OpEx
−$13.4K −$8.02/SF
NOI
$31.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$624,280
Cap Rate 7%
$445,914
Cap Rate 9%
$346,822
Alternative Uses
Best Use
Multifamily LT 5
$445.9K
$390.2K – $520.2K
NOI $31,214 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$414.7K
$362.9K – $483.9K
NOI $29,031 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,229 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Demographics for 33413, FL
17,503
Population
6,217
Households
2.8
Avg Household Size
36
Median Age
27%
College-Educated
86%
High-School Grad
7.2 sq mi
ZIP Area
2,431
Density / Sq Mi
$80,527
Median Household Income
$41,644
Median Earnings
$2,016
Median Rent
$405,900
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 - Tenant-occupied duplex with updated interiors, central air, private outdoor space, and separate electric metering for each unit.
Where is this duplex located?
The property is located at 5735 Kumquat Road West Palm Beach, FL.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bathroom units; 1,668 square feet on a 0.29‑acre lot; Each unit includes a private fenced backyard and parking for 4 vehicles
