Duplex with Private
New
For Sale
$749,000
9258 GREEN MEADOWS Way, Palm Beach Gardens, FL 33418
Residential Income, Palm Beach Gardens, FL
Property Size2,475 SF
Lot Size0.17 Acres
Price / SF$302.63
Days on Market4
Property Features for 9258 GREEN MEADOWS Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM
Bedrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bedroom 4, Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2
Window features
Blinds
Patio and Porch features
Patio
Pets allowed
No, Yes
Subdivision
GREEN MEADOWS
Elementary school
Timber Trace
Middle school
Watson B. Duncan
High school
Palm Beach Gardens
Directions
Take Northlake west of Military to Green Meadows, North to property, west side of the street, second to last property.
Standard status
Active
APN
00424213140000020
Size
2,475 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GREEN MEADOWS LOT 2
Tax Annual Amount
10116
Legal Description
GREEN MEADOWS LOT 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Water front features
Pond
Water front
1
Amenities
in-unit laundry
private back patio
hurricane protection
Building Details
Year built
1983
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile - Ceramic
Building materials
Frame
Roof type
Composition
Listing Agency:
Premier Brokers International
(561) 855-6179
Listed By:
Brian Kidwell · License #3113506
(561) 662-0901
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 21 at 7:06AM
MLS# B26077859
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.
This duplex contains two separate residential units, each offering 2 bedrooms, 2 full bathrooms, approximately 1,238 square feet of living space, in-unit laundry, and a private patio. The property totals 2,475 square feet on a 0.17-acre lot and includes dedicated driveways with parking for up to 4 vehicles. Full hurricane protection is provided across the property.
Built in 1983, the frame construction includes ceramic tile and carpet flooring, central electric heating and cooling, a composition roof, and access to public water and public sewer. The property is zoned RM and includes a pond feature. Located at 9258 Green Meadows Way in Palm Beach Gardens, the duplex also carries no HOA.
Built in 1983, the frame construction includes ceramic tile and carpet flooring, central electric heating and cooling, a composition roof, and access to public water and public sewer. The property is zoned RM and includes a pond feature. Located at 9258 Green Meadows Way in Palm Beach Gardens, the duplex also carries no HOA.
Key Highlights
- Two units, each with 2 bedrooms, 2 full bathrooms, and approximately 1,238 sq. ft. of living space
- 2,475‑square‑foot duplex on a 0.17‑acre lot
- Dedicated driveways with room for up to 4 vehicles
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
$41,258
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
5.51%
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%
$825,160
$825.2K
Cap Rate 7%
$589,400
$589.4K
Cap Rate 9%
$458,422
$458.4K
Market Conditions
NOI Build-Up for 2,475 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
$62.4K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$58.9K $23.81/SF
− OpEx
−$17.7K −$7.14/SF
NOI
$41.3K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /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%
$825,160
Cap Rate 7%
$589,400
Cap Rate 9%
$458,422
Alternative Uses
Best Use
Multifamily LT 5
$589.4K
$515.7K – $687.6K
NOI $41,258 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$543.8K
$475.8K – $634.4K
NOI $38,064 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,012 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
947
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature dedicated driveways, in-unit laundry, hurricane protection, and no HOA.
Where is this duplex located?
The property is located at 9258 GREEN MEADOWS Way Palm Beach Gardens, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 2 full bathrooms, and approximately 1,238 sq. ft. of living space; 2,475‑square‑foot duplex on a 0.17‑acre lot; Dedicated driveways with room for up to 4 vehicles
