Search
Historic Six-Residence Apartment Building
For Sale
$1,800,000

1-6-415 31st St, West Palm Beach, FL 33407

Maintained multifamily property with updated interiors, architectural character, and a six-residence configuration near downtown West Palm Beach.

Property SizeContact for details
Days on Market88

Property Features for 1-6-415 31st St

General Information

Standard status Active

Units

Unit Mix 1 x 3BR, 2 x 2BR, 3 x 1BR
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $15,252

Building Details

Year Built 1926
Listing Agency: Douglas Elliman
Listed By: Ryan Mitchell Gaines · License #3367239
Source: Exprealty
Added: May 12 Changed: Aug 2 Last Checked: Aug 2 at 4:41AM

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 Douglas Elliman

Investment Insights

Based on property information with market context.

Villa Serena is a six-residence multifamily property built in 1926, combining historic architectural details with thoughtfully updated interiors. The unit mix includes one 3-bedroom residence, two 2-bedroom residences, and three 1-bedroom residences. Spacious living areas and lush tropical surroundings contribute to the property's established residential character.

The property is located at 1-6-415 31st St in West Palm Beach's Old Northwood Historic District. Downtown West Palm Beach, Palm Beach Island, restaurants, shopping, and beaches are all described as minutes away. The configuration supports long-term rentals, seasonal tenancy, or owner occupancy with supplemental income potential, as stated in the property information.

Key Highlights

  • Six individual residences with a mix of one 3‑bedroom, two 2‑bedroom, and three 1‑bedroom units
  • Built in 1926 with historic architectural details
  • Thoughtfully updated interiors and spacious living areas

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Butcher Veterinary Clinic Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

731
Businesses Nearby

Demographics for 33407, FL

34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Maintained multifamily property with updated interiors, architectural character, and a six-residence configuration near downtown West Palm Beach.
Where is this apartment building located?
The property is located at 1-6-415 31st St West Palm Beach, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Six individual residences with a mix of one 3‑bedroom, two 2‑bedroom, and three 1‑bedroom units; Built in 1926 with historic architectural details; Thoughtfully updated interiors and spacious living areas
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message