Turnkey Duplex Near
626 Minnesota St, Lantana, FL 33462
For Sale
$529,000
Duplex near the Intracoastal and beach with recent upgrades.
Property Size1,294 SF
Days on Market350
Property Features for 626 Minnesota St
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Nautica Realty
Listed By:
Diane M Balsara · License FL #302090
(561) 707-7927
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 25 at 5:49AM
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 Nautica Realty
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Investment Insights
Based on property information with market context.
This turnkey duplex is situated in an excellent location, within walking distance of the Intracoastal Waterway and the beach. The property is also conveniently located near multiple restaurants, shops, and waterfront dining options, and offers an easy bike ride to the beach. Recent upgrades include newly installed mini-splits, a new stove, a new refrigerator, fresh paint, and numerous other improvements. Some electrical updates have been completed, and a recent four-point inspection is available. Each unit is separately metered for water and electric. Recent landscaping, a new rear patio, interior and exterior painting, and general rejuvenation have been completed. Off-street parking is available for both units. This property presents an opportunity for an owner/landlord to reside in South Florida while tenants contribute to the mortgage, or to utilize Airbnb for increased cash flow. The front patio has the potential to be enclosed as a second bedroom. Interior photos provided are of the rear unit. The property is currently occupied by tenants.
Key Highlights
- Turnkey duplex in excellent location, walking distance to Intracoastal and beach.
- Recent upgrades including mini splits, new appliances, paint, landscaping, and patio.
- Income potential: live in one unit and rent the other, or Airbnb both units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,773
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,460
$395.5K
Cap Rate 7%
$282,471
$282.5K
Cap Rate 9%
$219,700
$219.7K
Market Conditions
NOI Build-Up for 1,294 SF
Gross rent
$38.0K $29.40/SF
− Vacancy
−$2.1K −$1.62/SF
EGI
$36.0K $27.78/SF
− OpEx
−$16.2K −$12.50/SF
NOI
$19.8K $15.28/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,460
Cap Rate 7%
$282,471
Cap Rate 9%
$219,700
Alternative Uses
Best Use
Apartment 5plus
$282.5K
$247.2K – $329.6K
NOI $19,773 @ 7.0% cap · market cap 3.74%
Second Best
Multifamily LT 5
$217.0K
$189.9K – $253.2K
NOI $15,192 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$911.3K
$797.4K – $1.06M
NOI $63,792 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
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Business Placement
Demographics for 33462, FL
33,982
Population
15,911
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
84%
High-School Grad
8.6 sq mi
ZIP Area
3,951
Density / Sq Mi
$72,288
Median Household Income
$38,193
Median Earnings
$1,659
Median Rent
$323,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Palm Beach County, FL
Properties on Market for Duplexes in Palm Beach County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex near the Intracoastal and beach with recent upgrades.
Where is this duplex located?
The property is located at 626 Minnesota St Lantana, FL.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Turnkey duplex in excellent location, walking distance to Intracoastal and beach.; Recent upgrades including mini splits, new appliances, paint, landscaping, and patio.; Income potential: live in one unit and rent the other, or Airbnb both units.
