709 Omar Road
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 19, 2025 | Listed | $725,000 | |
| Listed | |||
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This charming 2-bedroom, 1-bath home and a 1 bedroom 1 bath guest house offers a cozy South Florida feel with 32x32 porcelain tile throughout, remodeled bathrooms, and a spacious kitchen featuring a 6-burner gas stove and stainless steel appliances. The home also includes a newer metal roof and upgraded plumbing for added peace of mind. The detached 1-bedroom, 1-bath guest unit (approx. 400 sq ft) generates $3,500–$4,000/month—perfect for Airbnb or rental income. Additional features include a gas stove, gas water heater, whole-home generator, and a washer/dryer. Ideally located near the Intracoastal and just minutes from the vibrant core of downtown West Palm Beach, surrounded by new restaurants, trendy boutiques, lively nightlife, and exciting new development.
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| Sep 7, 2023 | Sold | ||
| Sold | |||
| Mar 28, 2023 | Listed by Reliance Real Estate Group LLC | $369,000 | |
| Listed by Reliance Real Estate Group LLC | |||
| Jun 2, 2000 | Sold | ||
| Sold | |||
| Mar 7, 2000 | Sold | ||
| Sold | |||
Property Highlights
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About Seminole Heights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017