Duplex with Impact
For Sale
Under Contract
$620,000
618 49TH Street, West Palm Beach, FL 33407
Residential Income, West Palm Beach, FL
Property Size2,200 SF
Lot Size0.18 Acres
Price / SF$281.82
Days on Market98
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
Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 2
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 Under Contract
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
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: Oct 31
Last Checked: Nov 2 at 1:06PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This West Palm Beach duplex contains 2,200 square feet across two residences, with one offering four bedrooms and three bathrooms and the other providing two bedrooms and one bathroom. Built in 1950, the CBS property features impact windows throughout, tile flooring, porches, fencing, and a mix of wall/window units, window units, and ceiling fans for cooling. Public water and sewer serve the property, with cable available. The parcel measures 0.18 acres and carries SF7 city zoning.
The property is near Downtown West Palm Beach, beaches, St. Mary's Medical Center, shopping, dining, major highways, and Palm Beach International Airport. It is also near the Northwood redevelopment district and its ongoing mixed-use development and infrastructure improvements.
The property is near Downtown West Palm Beach, beaches, St. Mary's Medical Center, shopping, dining, major highways, and Palm Beach International Airport. It is also near the Northwood redevelopment district and its ongoing mixed-use development and infrastructure improvements.
Key Highlights
- Two‑unit duplex with 2,200 square feet of property size
- 4‑bedroom, 3‑bathroom residence paired with a 2‑bedroom, 1‑bathroom residence
- 0.18‑acre parcel with SF7 (city) zoning
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
897
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide a six-bedroom, four-bathroom configuration suited to rental income or owner occupancy.
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: Two‑unit duplex with 2,200 square feet of property size; 4‑bedroom, 3‑bathroom residence paired with a 2‑bedroom, 1‑bathroom residence; 0.18‑acre parcel with SF7 (city) zoning
