5-Unit Multifamily
New
For Sale
$949,000
A-5443 Wallis Road, West Palm Beach, FL 33415
The five residences are distributed across two separate buildings on an approximately three-quarter-acre parcel.
Property Size2,351 SF
Price / SF$403.66
Days on Market3
Property Features for A-5443 Wallis Road
General Information
Standard status
Active
Size
2,351 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$10,947
Listing Agency:
CPRE Organization Inc
(561) 342-4368
Listed By:
Cole D Leavitt · License #BK3238799
(954) 709-1003
Source:
Exprealty
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 2:53PM
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 CPRE Organization Inc
Investment Insights
Based on property information with market context.
This multifamily property contains five units across two distinct buildings on an approximately 0.75-acre site in West Palm Beach, Florida. The configuration places multiple residences on one parcel.
Tenants occupy the property. Visits require 24 hours’ notice, and the listing agent must accompany visitors; occupants should not be disturbed.
Tenants occupy the property. Visits require 24 hours’ notice, and the listing agent must accompany visitors; occupants should not be disturbed.
Key Highlights
- Five units across two separate buildings
- Approximately 3/4‑acre property in West Palm Beach, Florida
- Tenants in place; 24‑hour notice and listing‑agent accompaniment required for visits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,918
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,360
$818.4K
Cap Rate 7%
$584,543
$584.5K
Cap Rate 9%
$454,644
$454.6K
Market Conditions
NOI Build-Up for 2,351 SF
Gross rent
$78.1K $33.24/SF
− Vacancy
−$3.8K −$1.60/SF
EGI
$74.4K $31.64/SF
− OpEx
−$33.5K −$14.24/SF
NOI
$40.9K $17.40/SF
Area
West Palm Beach, FL
Vacancy
4.80%
Lease Rate
$33.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,360
Cap Rate 7%
$584,543
Cap Rate 9%
$454,644
Alternative Uses
Best Use
Apartment 5plus
$584.5K
$511.5K – $682.0K
NOI $40,918 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,899 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Explore this area
Business Placement
Demographics for 33415, FL
51,251
Population
20,364
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
77%
High-School Grad
7.3 sq mi
ZIP Area
7,021
Density / Sq Mi
$57,199
Median Household Income
$35,146
Median Earnings
$1,597
Median Rent
$220,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - The five residences are distributed across two separate buildings on an approximately three-quarter-acre parcel.
Where is this multifamily property located?
The property is located at A-5443 Wallis Road West Palm Beach, FL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Five units across two separate buildings; Approximately 3/4‑acre property in West Palm Beach, Florida; Tenants in place; 24‑hour notice and listing‑agent accompaniment required for visits
