Two-Unit
9144 W HIGHLAND PINES Drive, Palm Beach Gardens, FL 33418
For Sale
New
$650,000
Both apartments offer two bedrooms and two bathrooms, with one unit vacant and available for showing.
Property Size2,258 SF
Days on Market5
Property Features for 9144 W HIGHLAND PINES Drive
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Media Realty
Listed By:
Peter Dacko III · License FL #0600065
(954) 232-7714
Source:
Meyerlucas
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:17PM
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 Media Realty
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Investment Insights
Based on property information with market context.
This duplex contains two apartments, each configured with two bedrooms and two bathrooms and measuring more than 1,092 square feet. One apartment has updated interiors and is occupied by a month-to-month tenant; the other is vacant and retains its original, maintained interior finish. The building was constructed in 1980.
Located in Palm Beach Gardens, the property is offered for sale. A second property at 9163 W Highland Pines Drive is also available from the same owner; together, the properties contain four apartments.
Located in Palm Beach Gardens, the property is offered for sale. A second property at 9163 W Highland Pines Drive is also available from the same owner; together, the properties contain four apartments.
Key Highlights
- Two 2‑bedroom, 2‑bath apartments, each over 1,092 SF
- One unit updated and occupied by a month‑to‑month tenant
- Second unit vacant and available for showing; original, maintained interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,504
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,080
$690.1K
Cap Rate 7%
$492,914
$492.9K
Cap Rate 9%
$383,378
$383.4K
Market Conditions
NOI Build-Up for 2,258 SF
Gross rent
$66.4K $29.40/SF
− Vacancy
−$3.7K −$1.62/SF
EGI
$62.7K $27.78/SF
− OpEx
−$28.2K −$12.50/SF
NOI
$34.5K $15.28/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,080
Cap Rate 7%
$492,914
Cap Rate 9%
$383,378
Alternative Uses
Best Use
Apartment 5plus
$492.9K
$431.3K – $575.1K
NOI $34,504 @ 7.0% cap · market cap 5.31%
Second Best
Multifamily LT 5
$378.7K
$331.4K – $441.8K
NOI $26,510 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,315 @ 7.0% cap · market cap 17.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 33418, FL
43,383
Population
21,573
Households
2
Avg Household Size
53
Median Age
59%
College-Educated
97%
High-School Grad
45.8 sq mi
ZIP Area
947
Density / Sq Mi
$123,405
Median Household Income
$59,127
Median Earnings
$2,304
Median Rent
$608,500
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Palm Beach County, FL
Properties on Market for Duplexes in Palm Beach County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments offer two bedrooms and two bathrooms, with one unit vacant and available for showing.
Where is this duplex located?
The property is located at 9144 W HIGHLAND PINES Drive Palm Beach Gardens, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath apartments, each over 1,092 SF; One unit updated and occupied by a month‑to‑month tenant; Second unit vacant and available for showing; original, maintained interiors
