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    629 9Th St West Palm Beach, FL 33401

    Sponsored
    For Sale
    $799,000

    Renovated Duplex, 4/4 Units, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This beautifully renovated 1921 duplex in West Palm Beach, Florida presents a compelling investment opportunity. Located at 629 9th St, in the desirable 33401 zip code, this two-story multifamily property offers two spacious units, each boasting four bedrooms and four bathrooms. Recent renovations include fresh paint throughout, brand new appliances in modern, generously sized kitchens, and in-unit laundry facilities (washer and dryer). The property's prime location offers easy access to the vibrant downtown West Palm Beach area and the historic charm of the Northwood Historic District. The asking price for this turnkey investment is $799,000. This property is ideal for an investor seeking strong rental income potential in a rapidly growing market. The units' modern updates and desirable location ensure high occupancy rates and strong rental demand. The property's solid construction and recent renovations minimize the need for immediate capital expenditures, allowing for immediate cash flow. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a highly sought-after location. Don't miss out on this chance to add a valuable asset to your investment portfolio.

    Property Features for 629 9Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1921
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0579981
    Latitude
    26.7218187

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    FAQs

    What type of property is this?
    Multifamily property - Renovated Duplex, 4/4 Units, High ROI
    Where is this multifamily property located?
    The property is located at 629 9Th St West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $799,000.
    Request Owner's contact information
    629 9Th St West Palm Beach, FL 33401
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    West Palm Beach, FL 33401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    629 9Th St West Palm Beach, FL 33401
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