Single-Story
For Sale
$699,900
728 20th St, West Palm Beach, FL 33407
Two residential units occupy an accessible one-level layout in Washington Heights.
Property Size1,770 SF
Price / SF$395.42
Days on Market95
Property Features for 728 20th St
General Information
Standard status
Active
Size
1,770 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$699,900
Multifamily Units
2
Building Details
Year Built
1964
Buildings
1
Stories
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Carlton Johnson · License #3602061
Source:
Wesellhomes
Added: Jul 15
Changed: Oct 14
Last Checked: Oct 16 at 10:51AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This single-story duplex contains 1,770 square feet of finished living space arranged across two residential units. Both units have been upgraded, and the one-floor configuration provides straightforward access throughout the property. Built in 1964, the duplex offers an established residential income property format with dual-unit functionality.
The property is located at 728 20th Street in the Washington Heights community of West Palm Beach, Florida. Its two-unit design may suit an owner-occupant or investor seeking a residential property with separate living spaces.
The property is located at 728 20th Street in the Washington Heights community of West Palm Beach, Florida. Its two-unit design may suit an owner-occupant or investor seeking a residential property with separate living spaces.
Key Highlights
- 1,770 square feet of finished living space
- Two residential units in a single‑story configuration
- Both units have been upgraded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,123
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,460
$662.5K
Cap Rate 7%
$473,186
$473.2K
Cap Rate 9%
$368,033
$368.0K
Market Conditions
NOI Build-Up for 1,770 SF
Gross rent
$49.9K $28.20/SF
− Vacancy
−$2.6K −$1.47/SF
EGI
$47.3K $26.73/SF
− OpEx
−$14.2K −$8.02/SF
NOI
$33.1K $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%
$662,460
Cap Rate 7%
$473,186
Cap Rate 9%
$368,033
Alternative Uses
Best Use
Multifamily LT 5
$473.2K
$414.0K – $552.1K
NOI $33,123 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$440.1K
$385.1K – $513.4K
NOI $30,806 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,257 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,927
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
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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 residential units occupy an accessible one-level layout in Washington Heights.
Where is this duplex located?
The property is located at 728 20th St West Palm Beach, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 1,770 square feet of finished living space; Two residential units in a single‑story configuration; Both units have been upgraded
