Duplex with Month-to-Month
814 42nd Street West Palm Beach, FL 33407
814 42nd Street, West Palm Beach, FL, 33407
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For Sale
Contact for pricing
Two-unit duplex with larger 1,200 rent unit and smaller 900 rent unit; tenants are month to month.
Property Size1,777 SF
Price / SF$241.42
Days on Market18
Property Features for 814 42nd Street
General Information
- Standard status
- Active
- Size
- 1,777 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1949
Listing agency
MXPRO Realty
Listed by
Michael Lay · License #3182942
Source
Crexi
Added: Jul 6 Updated: Jul 21 at 10:56PM Checked: Jul 22 at 12:20PM
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 MXPRO Realty
Investment Insights
Based on property information with market context.
This for-sale duplex is configured as two separate residential units, with a larger 1,200 rent unit and a smaller 900 rent unit. The property is currently occupied by month-to-month renters, so interior access is restricted. Per instructions, do not disturb tenants; drive-by viewing only, and interior inspections are available by appointment with acceptable offers.
The property address is 814 42nd Street, West Palm Beach, FL 33407. Offers require proof of funds, and a 15-day inspection period is available for qualified, acceptable offers. All interior viewings are strictly scheduled to avoid disruption to the current tenants.
The property address is 814 42nd Street, West Palm Beach, FL 33407. Offers require proof of funds, and a 15-day inspection period is available for qualified, acceptable offers. All interior viewings are strictly scheduled to avoid disruption to the current tenants.
Key Highlights
- Two‑unit duplex built in 1949
- Large unit rents for $1,200
- Small unit rents for $900
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 | $50.1k | $28.20 |
| − Vacancy | −$2.6k | −$1.47 |
| EGI | $47.5k | $26.73 |
| − OpEx | −$14.3k | −$8.02 |
| NOI | $33.3k | $18.71 |
1,777 SF · lease $28.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$475.1K
$415.7K – $554.2K
NOI $33,254 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$441.8K
$386.6K – $515.5K
NOI $30,928 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,602 @ 7.0% cap · market cap 20.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit duplex with larger 1,200 rent unit and smaller 900 rent unit; tenants are month to month.
Where is this duplex located?
The property is located at 814 42nd Street West Palm Beach, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1949; Large unit rents for $1,200; Small unit rents for $900
