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1386 Rainbow Avenue, West Palm Beach FL 33406

Multi-family Recently Sold
$310,000

BTC: 4.05228758

ETH: 122.50543371

Sold on: 2021-05-14
2 days
0 room(s)
1,800 sqft

Overview

DO NOT DISTURB TENANT! VERY WELL MAINTAINED DUPLEX, EACH UNIT 2 BED 1 BATH. UNIT 1386 TENANT OCCUPIED WITH LEASE UNTIL END OF AUGUST 2021. UNIT 1388 IS VACANT AND UPDATED. BOTH UNITS HAS OUTSIDE LAUNDRY ROOM (UNIT 1386 WASHER AND DRYER EXLUDED FROM SALE). LOT IS OVER 1/4 ACRE. 2 SEPTIC TANKS WITH LIFT STATION (WAS REPACED FEW YEARS AGO). EACH UNIT HAS IT'S OWN ELECTRIC METER AND IT'S OWN WATER METER.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1972
Lot:
0.28 Acres
Heating:
Central
Price/sqft:
$189
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$462,000
$406K – $574K
Confidence Low
List vs. estimate
$122K below estimate
List $339,900 · -26.4%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$188
-49.0% vs. city median $370
Based on
8 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $315K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,503
2020
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Central

    Cooling

    • Central Air

  • Property

    • Levels: 1

    Lot

    • Lot: 0.28 Acres

    Other Property Information

    • Parcel Number: 00424412130000070

    • Zoning: RM

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Septic

    • Water Connected

    • Water Available

  • Other financial information

    • Annual tax amount: $3,503

  • Source details

    • MLS ID: R10704945

    Other facts

    • Construction Materials: Frame / Frame With Stucco

    • Lot Features: Less Than 1/4 Acre Lot / Septic

    • Other Structures: Extra Building/Shed / Shed(s) / Storage Shed

    • Living Area: 1800

    • Water Source: Public

    • Subdivision Name: PINE AIR 4

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Atlantic Florida Properties Inc