Duplex with Impact
For Sale
$620,000
618 49TH Street, West Palm Beach, FL 33407
MULTI_FAMILY - West Palm Beach, FL
Property Size2,200 SF
Lot Size0.18 Acres
Price / SF$281.82
Days on Market8
Property Features for 618 49TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF7 (city)
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4
Window features
Blinds
Patio and Porch features
Porch
Pets allowed
Cats OK, Yes, Dogs OK
Fencing
Fenced
Subdivision
NORTH PALM BCH 2
Lot features
Room for Pool
Elementary school
West Riviera
Middle school
John F. Kennedy (Palm Beach)
High school
Palm Beach Lakes
Standard status
Active
APN
74434304050230830
Size
2,200 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH PALM BEACH PLAT NO 2 LTS 83 THRU 85 BLK 23
Tax Annual Amount
7855
Legal Description
NORTH PALM BEACH PLAT NO 2 LTS 83 THRU 85 BLK 23
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Ceiling Fan(s), Window Unit(s)
Water source
Public
Amenities
impact windows
Building Details
Year built
1950
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
CBS
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Crystal Goodwin · License #3287639
(561) 767-6182
Added: Jul 28
Changed: Jul 31
Last Checked: Aug 4 at 12:06AM
MLS# B26057621
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 duplex at 618 49TH Street is built with CBS construction and features impact windows throughout. The property includes two residential units: a 4BR/3BA unit and a 2BR/1BA unit. Interior finishes include tile flooring. Cooling is provided by wall/window units, with ceiling fans as well.
The home sits on a 0.18-acre lot with a porch and a fenced yard. Utilities include public water and public sewer, with cable available.
Built in 1950, this 2,200-square-foot duplex offers a straightforward two-unit setup for rental income, with an owner-occupant option. The property is described as being near Downtown West Palm Beach, beaches, St. Mary’s Medical Center, shopping and dining, major highways, and Palm Beach International Airport, and close to the Northwood redevelopment district, where ongoing public and private investment is transforming the surrounding area with new mixed-use projects, improved infrastructure, and expanding amenities.
The home sits on a 0.18-acre lot with a porch and a fenced yard. Utilities include public water and public sewer, with cable available.
Built in 1950, this 2,200-square-foot duplex offers a straightforward two-unit setup for rental income, with an owner-occupant option. The property is described as being near Downtown West Palm Beach, beaches, St. Mary’s Medical Center, shopping and dining, major highways, and Palm Beach International Airport, and close to the Northwood redevelopment district, where ongoing public and private investment is transforming the surrounding area with new mixed-use projects, improved infrastructure, and expanding amenities.
Key Highlights
- Impact windows throughout in a CBS duplex
- Two‑unit setup: 4BR/3BA unit plus 2BR/1BA unit
- 0.18‑acre lot with porch and fenced yard
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
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 on a fenced lot with porch, featuring two units and impact windows throughout.
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: Impact windows throughout in a CBS duplex; Two‑unit setup: 4BR/3BA unit plus 2BR/1BA unit; 0.18‑acre lot with porch and fenced yard
