Duplex with Impact
For Sale
$620,000
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 Market8
Property Features for 618 49TH Street
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Duplex
Building Details
Building Size
2,200 SF
Year Built
1950
Listing Agency:
United Realty Group Inc
(561) 767-6182
Listed By:
Crystal Goodwin · License #3287639
(561) 767-6182
Source:
Darlenestreit
Added: Jul 28
Changed: Jul 31
Last Checked: Aug 3 at 11:12AM
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
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 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 | $62.0k | $28.20 |
| − Vacancy | −$3.2k | −$1.47 |
| EGI | $58.8k | $26.73 |
| − OpEx | −$17.6k | −$8.02 |
| NOI | $41.2k | $18.71 |
2,200 SF · lease $28.20/SF/yr · vacancy 5.20% · expense 30.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
549
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
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 - 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
