Duplex with Impact
For Sale
$620,000
Pending
618 49TH Street, West Palm Beach, FL 33407
CBS duplex with impact windows and two rental units, offering a flexible setup for investors or owner-occupants.
Property Size2,200 SF
Days on Market98
Property Features for 618 49TH Street
General Information
Standard status
Pending
Size
2,200 SF
Property subtype
Duplex
Site & Location
Neighborhood
Northwood Legacy Neighborhood Association
Taxes and HOA fees
Annual Taxes
$7,854
Building Details
Building Size
2,200 SF
Year Built
1950
Listing Agency:
United Realty Group Inc
Listed By:
Crystal Goodwin · License #3287639
(561) 767-6182
Source:
Darlenestreit
Added: Jul 28
Changed: Oct 31
Last Checked: Nov 1 at 1:53PM
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 United Realty Group Inc
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Investment Insights
Based on property information with market context.
This West Palm Beach duplex is a CBS (concrete block and stucco) property with impact windows throughout. The building contains two distinct residential units: a 4BR/3BA unit and a 2BR/1BA unit, creating a practical configuration for rental income or owner-occupancy alongside additional income.
The property is located near the Northwood redevelopment district, an area described as undergoing both public and private investment. The surrounding area is positioned for convenience to Downtown West Palm Beach, beaches, St. Mary’s Medical Center, shopping, dining, major highways, and Palm Beach International Airport.
Built in 1950, the duplex offers a two-unit format with unit mix that can support a variety of residential tenancy needs while maintaining the durability benefits of CBS construction and impact windows.
The property is located near the Northwood redevelopment district, an area described as undergoing both public and private investment. The surrounding area is positioned for convenience to Downtown West Palm Beach, beaches, St. Mary’s Medical Center, shopping, dining, major highways, and Palm Beach International Airport.
Built in 1950, the duplex offers a two-unit format with unit mix that can support a variety of residential tenancy needs while maintaining the durability benefits of CBS construction and impact windows.
Key Highlights
- CBS duplex with impact windows throughout
- 4BR/3BA unit plus 2BR/1BA unit
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,170
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,400
$823.4K
Cap Rate 7%
$588,143
$588.1K
Cap Rate 9%
$457,444
$457.4K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$62.0K $28.20/SF
− Vacancy
−$3.2K −$1.47/SF
EGI
$58.8K $26.73/SF
− OpEx
−$17.6K −$8.02/SF
NOI
$41.2K $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 Rate 5%
$823,400
Cap Rate 7%
$588,143
Cap Rate 9%
$457,444
Alternative Uses
Best Use
Multifamily LT 5
$588.1K
$514.6K – $686.2K
NOI $41,170 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$547.0K
$478.6K – $638.2K
NOI $38,290 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,455 @ 7.0% cap · market cap 17.49%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
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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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - CBS duplex with impact windows and two rental units, offering a flexible setup for investors or owner-occupants.
Where is this duplex located?
The property is located at 618 49TH Street West Palm Beach, FL.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: CBS duplex with impact windows throughout; 4BR/3BA unit plus 2BR/1BA unit; Built in 1950
