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Riviera Beach Multifamily Investment Opportunity

1172 W 34th St 1, Riviera Beach, FL 33404

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For Sale

$735,000

Four-unit multifamily property in Riviera Beach, Florida, with value-add potential.

Type:Investment

Property size:

3,000 SF

Lot size:

0.17 Acres

Price / SF:

$245/SF

HighLights

Income‑producing 4‑unit multifamily property
Located in Riviera Beach, FL, close to Singer Island beaches
Features a mix of (3) 2‑bed/1‑bath and (1) 3‑bed/1‑bath units
Annual leases are currently in place
Offers excellent value‑add potential
Convenient access to I‑95 and Blue Heron Blvd

We can help!

Listing Contact

Christopher S. Alexander

Learn more

For Sale

$735,000

Four-unit multifamily property in Riviera Beach, Florida, with value-add potential.

Type:Investment

Property size:

3,000 SF

Lot size:

0.17 Acres

Price / SF:

$245/SF

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 4:22 pm

Property Features for 1172 W 34th St 1

General Information

Standard status: Active
Size: 3,000 SF
Lot size: 0.17 Acres
Property subtype: Investment

Building Details

Year Built: 1960

We can help!

Listing Contact

Christopher S. Alexander

Listing agent Christopher S. Alexander License #3238402

Listing office Kanga Property Management

Listing date Apr 24, 2026

Source Elliman

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 Kanga Property Management

HighLights

Income‑producing 4‑unit multifamily property
Located in Riviera Beach, FL, close to Singer Island beaches
Features a mix of (3) 2‑bed/1‑bath and (1) 3‑bed/1‑bath units
Annual leases are currently in place
Offers excellent value‑add potential
Convenient access to I‑95 and Blue Heron Blvd

Overview

This multifamily property is located in the Pleasant Heights subdivision of Riviera Beach, Florida. The property consists of four units: three 2-bedroom, 1-bath units and one 3-bedroom, 1-bath unit. The building has a total area of approximately 3,000 square feet and is situated on a 0.17-acre lot. The units are currently under annual leases. The property is located minutes from Singer Island beaches, shopping, and dining options, with convenient access to I-95 and Blue Heron Blvd. This property presents an excellent value-add opportunity in one of Palm Beach County's more affordable multifamily markets. The bike score is 40, indicating it is somewhat bikeable, and the walk score is 28, indicating car dependence.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$75.6k	$25.20
− Vacancy	−$4.2k	−$1.39
EGI	$71.4k	$23.81
− OpEx	−$21.4k	−$7.14
NOI	$50.0k	$16.67

3,000 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$714.4K

$625.1K – $833.5K (±1% cap)

NOI $50,009 @ 7.0% cap · market cap 6.80%

Second Best

Apartment 5plus

$659.1K

$576.7K – $769.0K (±1% cap)

NOI $46,138 @ 7.0% cap · market cap 6.28%

Theoretical Best

Office A

$2.11M

$1.85M – $2.46M (±1% cap)

NOI $147,894 @ 7.0% cap · market cap 20.12%

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

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Riviera Beach
County: Palm Beach
State: Florida
Longitude: -80.0717863
Latitude: 26.7900281

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For sale
Quadplexes
FL
Riviera Beach
33404
1172 W 34th St 1

What type of property is this?

Quadplex - Four-unit multifamily property in Riviera Beach, Florida, with value-add potential.

Where is this quadplex located?

The property is located at 1172 W 34th St 1 Riviera Beach, FL.

What is the asking price?

The asking price for this property is $735,000.

What are key features of this property?

This property features: Income‑producing 4‑unit multifamily property; Located in Riviera Beach, FL, close to Singer Island beaches; Features a mix of (3) 2‑bed/1‑bath and (1) 3‑bed/1‑bath units