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    Property profile & analytics

    4381 Purdy Ln West Palm Beach, FL 33406

    • Small apartment buildings
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US18-1637000
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 4381 Purdy Ln

    Year built
    1963
    Property type
    Small apartment buildings

    Description

    This exceptional three-unit apartment building in West Palm Beach, Florida, presents a compelling investment opportunity. Located at 4381 Purdy Ln, 33406, this Class B property boasts a strong 7.00% capitalization rate, making it an attractive addition to any portfolio. Built in 1963, the single-story building has undergone a complete renovation, resulting in three completely independent residential units, each featuring a modern kitchen and updated bathroom. All units are currently rented, providing immediate cash flow. The property's central location in Palm Beach County offers residents convenient access to urban amenities. This turnkey investment is ideal for those seeking a profitable and low-maintenance property with immediate rental income. The asking price is $875,000. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location. Don't miss out on this chance to secure a strong return on investment.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1105565
    Latitude
    26.6445194

    Comparable in this City

    • $584,000

      Fully Rented Duplex in Palm Springs

      Updated duplex with tenants, close to amenities and highways.
      2907 Apalachee Rd, Palm Springs, FL 33406
      View Details
    • $524,000

      Updated Duplex in Palm Springs

      Updated duplex perfect for investors or Airbnb hosts in Palm Springs.
      2776 Seminole Rd, Palm Springs, FL 33406
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    • $599,000

      West Palm Beach Income Property

      Income-producing duplex in West Palm Beach, close to amenities.
      4316 Forest Rd, West Palm Beach, FL 33406
      View Details
    • $799,900

      Renovated Triplex in Central Location

      Completely renovated triplex with three independent units in central location.
      4381 Purdy Ln, West Palm Beach, FL 33406
      View Details
    • $450,000

      Palm Springs Multi-Family Investment

      Two residences on a commercially zoned lot in Palm Springs.
      3041 Floweva St, Palm Springs, FL 33406
      View Details
    • $1,000,000
      0.67 Acres

      Prime Palm Springs Commercial Land

      0.67 Acres, High Traffic, Flexible Zoning
      1775 Congress Ave, Palm Springs, FL 33406
      View Details

    Similar Nearby for Sale

    • $584,000

      Fully Rented Duplex in Palm Springs

      Updated duplex with tenants, close to amenities and highways.
      2907 Apalachee Rd, Palm Springs, FL 33406
      View Details
    • $524,000

      Updated Duplex in Palm Springs

      Updated duplex perfect for investors or Airbnb hosts in Palm Springs.
      2776 Seminole Rd, Palm Springs, FL 33406
      View Details
    • $599,000

      West Palm Beach Income Property

      Income-producing duplex in West Palm Beach, close to amenities.
      4316 Forest Rd, West Palm Beach, FL 33406
      View Details
    • $450,000

      Palm Springs Multi-Family Investment

      Two residences on a commercially zoned lot in Palm Springs.
      3041 Floweva St, Palm Springs, FL 33406
      View Details
    • $799,900

      Renovated Triplex in Central Location

      Completely renovated triplex with three independent units in central location.
      4381 Purdy Ln, West Palm Beach, FL 33406
      View Details
    • $1,000,000
      0.67 Acres

      Prime Palm Springs Commercial Land

      0.67 Acres, High Traffic, Flexible Zoning
      1775 Congress Ave, Palm Springs, FL 33406
      View Details

    Similar Nearby for Lease

    • $2,250,000
      7,280 SF

      West Palm Beach Multifamily Property

      12-unit multifamily property in West Palm Beach, Florida.
      1655 S Florida Mango Rd, West Palm Beach, FL 33406
      View Details
    • $2,550 /Mo

      West Palm Beach Multifamily Property

      Multifamily property with large yard and easy commuting.
      341 S 23Rd Way S 341, West Palm Beach, FL 33406
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    • $2,100 /Mo

      Palm Springs Duplex For Rent

      Two-bedroom, one-bathroom duplex in central Palm Springs. Close to amenities.
      3962 Park Ln, West Palm Beach, FL 33406
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    • $1,900 /Mo

      Palm Springs Office Space Available

      Spacious office with private bathrooms in convenient Palm Springs location.
      2720 Forest Hill Blvd, West Palm Beach, FL 33406
      View Details
    • $25 SF/Yr
      3,404 SF

      West Palm Beach Retail Opportunity

      Prime Retail Space - Immediate Occupancy
      2700 Forest Hill Blvd, West Palm Beach, FL 33406
      View Details
    • $20 SF/Yr
      6,916 SF

      High-Traffic Retail Building Sublease

      Freestanding retail building with high visibility and adaptable layout.
      3074 Forest Hill Blvd, West Palm Beach, FL 33406
      View Details
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    4381 Purdy Ln
    West Palm Beach, FL 33406
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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
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