Spanish-Style Duplex With
New
For Sale
$545,000
924 MCINTOSH Street, West Palm Beach, FL 33405
Residential Income, West Palm Beach, FL
Property Size1,666 SF
Lot Size0.12 Acres
Price / SF$327.13
Days on Market6
Property Features for 924 MCINTOSH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF7 (city)
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1
Pets allowed
Yes, No
Exterior features
Awning(s)
Subdivision
BUNKER HILL ADD TO WPB
Elementary school
Palmetto (Palm Beach)
Middle school
Conniston Community
High school
Forest Hill
Standard status
Active
APN
74434404210020150
Size
1,666 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BUNKER HILL ADD LTS 15 & 16 BLK 2
Tax Annual Amount
8015
Legal Description
BUNKER HILL ADD LTS 15 & 16 BLK 2
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer
Building Details
Year built
1931
Floors in Building
2
Number of units
2
Flooring type
Carpet, Tile - Ceramic
Building materials
Stucco
Roof type
Tile, Flat, Composition
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Rashanna Walker · License #3311688
(754) 457-0135
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 9 at 4:06PM
MLS# B26072719
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1931, this 1,666-square-foot duplex contains two residences, each arranged with 2 bedrooms, 1 bathroom and a solarium that can serve as additional flexible space. The property includes two detached garages for parking and storage. Interior features include carpet and ceramic tile flooring, central heating and central air, while stucco construction and awning(s) are noted outside. One all-in-one washer/dryer is included.
The property occupies 0.12 acres in West Palm Beach and is zoned SF7 by the city. Public water and sewer serve the property, with natural gas available. The location provides access to major highways, the airport, Downtown West Palm Beach, Palm Beach Zoo, beaches, shopping, dining and entertainment. HVAC replacement dates are 2019 for the upstairs unit and 2024 for the downstairs unit; the water heater dates to 2019.
The property occupies 0.12 acres in West Palm Beach and is zoned SF7 by the city. Public water and sewer serve the property, with natural gas available. The location provides access to major highways, the airport, Downtown West Palm Beach, Palm Beach Zoo, beaches, shopping, dining and entertainment. HVAC replacement dates are 2019 for the upstairs unit and 2024 for the downstairs unit; the water heater dates to 2019.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom per unit
- 1,666 square feet on a 0.12‑acre lot
- Two detached garages provide parking and storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,177
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$623,540
$623.5K
Cap Rate 7%
$445,386
$445.4K
Cap Rate 9%
$346,411
$346.4K
Market Conditions
NOI Build-Up for 1,666 SF
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.
Gross rent
$47.0K $28.20/SF
− Vacancy
−$2.4K −$1.47/SF
EGI
$44.5K $26.73/SF
− OpEx
−$13.4K −$8.02/SF
NOI
$31.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$623,540
Cap Rate 7%
$445,386
Cap Rate 9%
$346,411
Alternative Uses
Best Use
Multifamily LT 5
$445.4K
$389.7K – $519.6K
NOI $31,177 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$414.2K
$362.5K – $483.3K
NOI $28,996 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,130 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 33405, FL
19,369
Population
9,557
Households
2
Avg Household Size
41
Median Age
34%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
4,304
Density / Sq Mi
$82,945
Median Household Income
$46,450
Median Earnings
$1,432
Median Rent
$401,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property offers flexible living arrangements, separate parking and storage, plus SF7 city zoning.
Where is this duplex located?
The property is located at 924 MCINTOSH Street West Palm Beach, FL.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per unit; 1,666 square feet on a 0.12‑acre lot; Two detached garages provide parking and storage
