731 21st Street # 2 #1-2 West Palm Beach, FL 33407
Duplex in West Palm Beach offering two mirrored 3-bedroom, 2-bath layouts for residential income.
- Added:
- Sep 28, 2025
- Days on Market:
- 288
- Last Refresh:
- Jun 20 at 3:38 am
Property Features for 731 21st Street # 2 #1-2
General Information
- Standard status
- Active
- Size
- 2,590 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1983
Listing office D'Alexis Realty Corp
Listing date Sep 28, 2025
Source Crexi
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
Investment Insights
Based on property information with market context.
Located in the center of West Palm Beach, the property is described as being a few blocks from Good Samaritan Hospital. The address is listed as 731 21st Street, with unit references noted as #1-2 and #2.
For tenants or buyers seeking a straightforward residential income setup, the repeating 3-bedroom, 2-bath floorplan can simplify leasing and tenant matching across both sides of the duplex. As reflected in the listing remarks, this is positioned as a nearby-hospital option within West Palm Beach, appealing to those looking for an income property with a clear, consistent unit configuration.
Key Highlights
- Duplex in West Palm Beach built in 1983
- Two mirrored floorplans, each with 3 bedrooms and 2 baths
- Located a few blocks from Good Samaritan Hospital
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.0k | $28.20 |
| − Vacancy | −$3.8k | −$1.47 |
| EGI | $69.2k | $26.73 |
| − OpEx | −$20.8k | −$8.02 |
| NOI | $48.5k | $18.71 |
