Two-Unit Duplex
For Sale
$375,000
926 33rd Street, West Palm Beach, FL 33407
Two separate buildings provide a two-bedroom unit and a one-bedroom unit in West Palm Beach.
Property Size1,263 SF
Days on Market100
Property Features for 926 33rd Street
General Information
Standard status
Active
Size
1,263 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,210
Building Details
Building Size
1,263 SF
Year Built
1954
Buildings
2
Listing Agency:
Florida Professional Prop.
Listed By:
Devon McLean · License #3017767
(561) 502-9900
Source:
Darlenestreit
Added: Jul 2
Changed: Sep 25
Last Checked: Oct 7 at 3:39PM
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 Florida Professional Prop.
Investment Insights
Based on property information with market context.
This duplex property, built in 1954, consists of two separate buildings with distinct residential configurations. One building contains a two-bedroom, one-bath unit, while the other offers a one-bedroom, one-bath layout.
The property is located at 926 33rd Street in West Palm Beach’s Northwood neighborhood. Downtown, shopping, hospitals, and major highways are identified as nearby destinations, providing access to established services and transportation routes.
The property is located at 926 33rd Street in West Palm Beach’s Northwood neighborhood. Downtown, shopping, hospitals, and major highways are identified as nearby destinations, providing access to established services and transportation routes.
Key Highlights
- Two separate buildings on one property
- Includes a 2‑bedroom, 1‑bath unit
- Includes a 1‑bedroom, 1‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,635
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,700
$472.7K
Cap Rate 7%
$337,643
$337.6K
Cap Rate 9%
$262,611
$262.6K
Market Conditions
NOI Build-Up for 1,263 SF
Gross rent
$35.6K $28.20/SF
− Vacancy
−$1.9K −$1.47/SF
EGI
$33.8K $26.73/SF
− OpEx
−$10.1K −$8.02/SF
NOI
$23.6K $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 Rate 5%
$472,700
Cap Rate 7%
$337,643
Cap Rate 9%
$262,611
Alternative Uses
Best Use
Multifamily LT 5
$337.6K
$295.4K – $393.9K
NOI $23,635 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$314.0K
$274.8K – $366.4K
NOI $21,982 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$889.5K
$778.3K – $1.04M
NOI $62,263 @ 7.0% cap · market cap 16.60%
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
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 separate buildings provide a two-bedroom unit and a one-bedroom unit in West Palm Beach.
Where is this duplex located?
The property is located at 926 33rd Street West Palm Beach, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two separate buildings on one property; Includes a 2‑bedroom, 1‑bath unit; Includes a 1‑bedroom, 1‑bath unit
