West Palm Beach Duplex
For Sale
$625,000
731 21st Street 1-2, West Palm Beach, FL 33407
Duplex near Good Samaritan Hospital in West Palm Beach.
Property Size2,470 SF
Price / SF$253.04
Days on Market332
Property Features for 731 21st Street 1-2
General Information
Standard status
Active
Size
2,470 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Coleman Park
Building Details
Year Built
1983
Listing Agency:
D'Alexis Realty Corp
Listed By:
David L Alexis · License #511103
(202) 766-4106
Source:
Wesellhomes
Added: Nov 28, 2025
Changed: Oct 14
Last Checked: Oct 7 at 4:04PM
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 D'Alexis Realty Corp
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex is located in West Palm Beach, a few blocks from Good Samaritan Hospital. Each unit features 3 bedrooms and 2 bathrooms. This property is intended as an investment opportunity.
Key Highlights
- Investment opportunity.
- Located in the center of West Palm Beach.
- Close proximity to Good Samaritan Hospital.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,222
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,440
$924.4K
Cap Rate 7%
$660,314
$660.3K
Cap Rate 9%
$513,578
$513.6K
Market Conditions
NOI Build-Up for 2,470 SF
Gross rent
$69.7K $28.20/SF
− Vacancy
−$3.6K −$1.47/SF
EGI
$66.0K $26.73/SF
− OpEx
−$19.8K −$8.02/SF
NOI
$46.2K $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%
$924,440
Cap Rate 7%
$660,314
Cap Rate 9%
$513,578
Alternative Uses
Best Use
Multifamily LT 5
$660.3K
$577.8K – $770.4K
NOI $46,222 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$614.1K
$537.4K – $716.5K
NOI $42,989 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,766 @ 7.0% cap · market cap 19.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,671
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex near Good Samaritan Hospital in West Palm Beach.
Where is this duplex located?
The property is located at 731 21st Street 1-2 West Palm Beach, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Investment opportunity.; Located in the center of West Palm Beach.; Close proximity to Good Samaritan Hospital.
