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    700 N Tamarind Ave, Unit 1-12 West Palm Beach, FL 33401

    For Sale
    $4,500,000

    22 units in downtown West Palm Beach. Great investment opportunity.

    Lot size:
    0.16 Acres

    Property Features for 700 N Tamarind Ave

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1952

    Source: Re/Max Direct Agent Sue Argenal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Palm Beach Multifamily Portfolio

    This property, located in Downtown West Palm Beach, comprises a large asset suitable for both new and experienced investors. It consists of 22 units across three parcels and three buildings. The addresses include 700 N Tamarind Ave, which features 12 units (8 one-bedroom and 4 two-bedroom units), 925 6th St with 4 two-bedroom units, and 919 6th St offering 5 units (4 two-bedroom and 1 five-bedroom unit). The building at 700 N Tamarind Ave has a newer roof. All units are currently leased. The buildings are of CBS construction and well-maintained. The 700 building is zoned residential/commercial. This property is positioned in what is projected to be the silicone valley of 2025 Palm Beach County. The property is suitable for uses such as Airbnb or corporate lodging.
    Insight Report Location Intelligence

    Current Use by Public Records

    700 N Tamarind ... Air Duct Cleaning Service

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Law Firm Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.061716
    Latitude
    26.7193195

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    FAQs

    What type of property is this?
    Apartment building - 22 units in downtown West Palm Beach. Great investment opportunity.
    Where is this apartment building located?
    The property is located at 700 N Tamarind Ave, Unit 1-12 West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Prime Downtown West Palm Beach Location: Poised to be the 'silicone valley of 2025'.; - Significant Income Potential: All 22 units are currently leased, offering immediate cash flow.; - Portfolio of Three Buildings on Three Parcels: Provides diversification and potential for future development.
    (561) 294-6060
    Request Owner's contact information
    700 N Tamarind Ave, Unit 1-12 West Palm Beach, FL 33401
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    700 N Tamarind Ave, Unit 1-12
    West Palm Beach, FL 33401
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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
    700 N Tamarind Ave, Unit 1-12 West Palm Beach, FL 33401
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