Versatile Duplex
For Sale
Under Contract
$475,000
633 Franklin Road, West Palm Beach, FL 33405
Residential Income, West Palm Beach, FL
Property Size1,704 SF
Lot Size0.19 Acres
Price / SF$278.76
Days on Market55
Property Features for 633 Franklin Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF7 (city)
Bedrooms
6
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 5
Pets allowed
No, Yes
Exterior features
Barbecue, Storage
Fencing
Fenced, Gate
Subdivision
HILLSIDE PARK
View
City
Elementary school
Palmetto (Palm Beach)
Middle school
Conniston Community
High school
Forest Hill
Directions
Lake N of Forest Hll to Franklin E to property
Standard status
Active Under Contract
APN
74434409040003990
Size
1,704 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HILLSIDE PARK LTS 399 THRU 401
Tax Annual Amount
7090
Legal Description
HILLSIDE PARK LTS 399 THRU 401
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
open patio
fully fenced yard
impact windows
two A/C units
Building Details
Year built
1925
Floors in Building
1
Number of units
2
Flooring type
Tile, Wood, Tile - Ceramic, Carpet
Building materials
Stucco
Roof type
Shingle, Flat
Additional Structures
Outbuilding, Storage
Listing Agency:
Keyes Company
(561) 750-1000
Listed By:
Scott Pressman PA · License #3131178
(561) 601-7774
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 17 at 10:06AM
MLS# B26067667
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.
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Investment Insights
Based on property information with market context.
This 1,704-square-foot duplex-style residence offers six bedrooms, two bathrooms, two kitchens, and two living rooms arranged behind separate entrances. The configuration can support two household areas or function as one larger residence. Additional features include two A/C units, impact windows, ceramic tile and wood flooring, a fenced yard with gate, an open patio, barbecue area, and storage. The home was built in 1925 and has stucco construction, a flat and shingle roof, central air, electric heating, public water, and public sewer.
The 0.19-acre property is located at 633 Franklin Road in West Palm Beach, Florida, near Downtown West Palm Beach, major highways, restaurants, shopping, and entertainment. It is zoned SF7 by the city and has no HOA fees. Cable is available at the property.
The 0.19-acre property is located at 633 Franklin Road in West Palm Beach, Florida, near Downtown West Palm Beach, major highways, restaurants, shopping, and entertainment. It is zoned SF7 by the city and has no HOA fees. Cable is available at the property.
Key Highlights
- 1,704‑square‑foot duplex‑style residence with 6 bedrooms and 2 bathrooms
- Two separate entrances, kitchens, and living rooms
- 0.19‑acre lot with fenced yard, gate, open patio, barbecue area, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,888
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,760
$637.8K
Cap Rate 7%
$455,543
$455.5K
Cap Rate 9%
$354,311
$354.3K
Market Conditions
NOI Build-Up for 1,704 SF
Gross rent
$48.1K $28.20/SF
− Vacancy
−$2.5K −$1.47/SF
EGI
$45.6K $26.73/SF
− OpEx
−$13.7K −$8.02/SF
NOI
$31.9K $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%
$637,760
Cap Rate 7%
$455,543
Cap Rate 9%
$354,311
Alternative Uses
Best Use
Multifamily LT 5
$455.5K
$398.6K – $531.5K
NOI $31,888 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$423.7K
$370.7K – $494.3K
NOI $29,657 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,004 @ 7.0% cap · market cap 17.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
Explore this area
Business Placement
Demographics for 33405, FL
19,369
Population
9,557
Households
2
Avg Household Size
41
Median Age
34%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
4,304
Density / Sq Mi
$82,945
Median Household Income
$46,450
Median Earnings
$1,432
Median Rent
$401,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately accessible living arrangements offer flexibility for shared or independent household use.
Where is this duplex located?
The property is located at 633 Franklin Road West Palm Beach, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,704‑square‑foot duplex‑style residence with 6 bedrooms and 2 bathrooms; Two separate entrances, kitchens, and living rooms; 0.19‑acre lot with fenced yard, gate, open patio, barbecue area, and storage
