Duplex with Pool and Guest
For Sale
Contact for pricing
643 36th Street, West Palm Beach, FL 33407
Two separate living spaces with full kitchens and outdoor amenities, supporting group stays of up to 22 occupants.
Property Size3,643 SF
Price / SF$534
Days on Market257
Property Features for 643 36th Street
General Information
Standard status
Active
Size
3,643 SF
Property subtype
Multifamily
Additional Details
Business Included
Yes
Building Details
Year Built
1927
Listing Agency:
Beycome Brokerage Realty LLC
Listed By:
Herve Barbera
Source:
Crexi
Added: Nov 23, 2025
Changed: Jul 10
Last Checked: Aug 6 at 5:05AM
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 Beycome Brokerage Realty LLC
Investment Insights
Based on property information with market context.
This 8-bedroom, 5-bath duplex includes a main residence and a separate guest house. The interior is designed for multiple sleeping configurations, supporting up to 22 occupants, and features updated décor and a reconfigured layout intended to improve day-to-day functionality. The main residence includes common living areas and a full kitchen, while the guest house provides additional kitchen facilities. Keyless entry and lighting updates are included, along with other upgrades made for ease of operation and guest use.
The outdoor area is built for group time, with a pool, hot tub, and fire feature, plus multiple furnished seating zones. Additional exterior elements include updated landscaping, deck areas, and outdoor dining space. The property is located near downtown West Palm Beach, with transportation options and local amenities in the surrounding area.
For buyers considering an owner-operated setup, this layout offers two distinct areas with kitchens and flexible sleeping arrangements, which can support a variety of group use needs. Furnishings may be included, and existing reservations may be transferable. Documentation is available upon request, and vendor and service relationships used for upkeep may be shared if desired.
The outdoor area is built for group time, with a pool, hot tub, and fire feature, plus multiple furnished seating zones. Additional exterior elements include updated landscaping, deck areas, and outdoor dining space. The property is located near downtown West Palm Beach, with transportation options and local amenities in the surrounding area.
For buyers considering an owner-operated setup, this layout offers two distinct areas with kitchens and flexible sleeping arrangements, which can support a variety of group use needs. Furnishings may be included, and existing reservations may be transferable. Documentation is available upon request, and vendor and service relationships used for upkeep may be shared if desired.
Key Highlights
- 8‑bedroom, 5‑bath property with a main residence plus a separate guest house (two separate living spaces).
- Sleeps up to 22 occupants with multiple sleeping configurations for group use.
- Main residence includes a full kitchen; guest house also has additional kitchen facilities.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,173
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,363,460
$1.4M
Cap Rate 7%
$973,900
$973.9K
Cap Rate 9%
$757,478
$757.5K
Market Conditions
NOI Build-Up for 3,643 SF
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.
Gross rent
$102.7K $28.20/SF
− Vacancy
−$5.3K −$1.47/SF
EGI
$97.4K $26.73/SF
− OpEx
−$29.2K −$8.02/SF
NOI
$68.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,363,460
Cap Rate 7%
$973,900
Cap Rate 9%
$757,478
Alternative Uses
Best Use
Multifamily LT 5
$973.9K
$852.2K – $1.14M
NOI $68,173 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$905.8K
$792.6K – $1.06M
NOI $63,404 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$2.57M
$2.24M – $2.99M
NOI $179,592 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
514
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 - Two separate living spaces with full kitchens and outdoor amenities, supporting group stays of up to 22 occupants.
Where is this duplex located?
The property is located at 643 36th Street West Palm Beach, FL.
What is the asking price?
The asking price for this property is $1,949,000.
What are key features of this property?
This property features: 8‑bedroom, 5‑bath property with a main residence plus a separate guest house (two separate living spaces).; Sleeps up to 22 occupants with multiple sleeping configurations for group use.; Main residence includes a full kitchen; guest house also has additional kitchen facilities.
