Two-Unit
9163 W Highland Pines Drive, Palm Beach Gardens, FL 33418
For Sale
New
$600,000
RM-zoned residential property with two two-bedroom, two-bathroom apartments and month-to-month tenancies.
Property Size2,244 SF
Price / SF$274.73
Days on Market2
Property Features for 9163 W Highland Pines Drive
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Financials
Asking Price
Gross Income
Average Monthly Rent
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Media Realty
Listed By:
Peter Dacko · License FL #0600065
(954) 232-7714
Source:
Laerrealty
Added: Nov 12
Last Checked: Nov 12 at 2:24PM
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.
Built in 1984, this duplex contains 2,184 square feet across two apartments, each configured with two bedrooms and two bathrooms. The property is zoned RM, and both units are occupied under month-to-month tenancies.
The property is on W Highland Pines Drive in Palm Beach Gardens, Florida.
The property is on W Highland Pines Drive in Palm Beach Gardens, Florida.
Key Highlights
- 2,184‑square‑foot duplex with two apartments
- Each apartment has 2 bedrooms and 2 bathrooms
- Built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,373
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,460
$667.5K
Cap Rate 7%
$476,757
$476.8K
Cap Rate 9%
$370,811
$370.8K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$64.2K $29.40/SF
− Vacancy
−$3.5K −$1.62/SF
EGI
$60.7K $27.78/SF
− OpEx
−$27.3K −$12.50/SF
NOI
$33.4K $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%
$667,460
Cap Rate 7%
$476,757
Cap Rate 9%
$370,811
Alternative Uses
Best Use
Apartment 5plus
$476.8K
$417.2K – $556.2K
NOI $33,373 @ 7.0% cap · market cap 5.56%
Second Best
Multifamily LT 5
$366.3K
$320.5K – $427.4K
NOI $25,641 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$1.54M
$1.35M – $1.79M
NOI $107,667 @ 7.0% cap · market cap 17.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
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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
$608,500
Median Home Value
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Market
Average Price Trend$/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 - RM-zoned residential property with two two-bedroom, two-bathroom apartments and month-to-month tenancies.
Where is this duplex located?
The property is located at 9163 W Highland Pines Drive Palm Beach Gardens, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,184‑square‑foot duplex with two apartments; Each apartment has 2 bedrooms and 2 bathrooms; Built in 1984
