Multifamily Development
For Sale
$2,195,000
1340 Longwood Street, West Palm Beach, FL 33401
COMMERCIAL - West Palm Beach, FL
Property SizeContact for details
Lot Size0.53 Acres
Days on Market52
Property Features for 1340 Longwood Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MF14 (city)
Vegetation
Grassed
Subdivision
MERCER PARK
Lot features
Sidewalks, Cleared, Curbs
Elementary school
Roosevelt
Middle school
Conniston Community
High school
Forest Hill
Standard status
Active
APN
74434328130040051
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MERCER PARK REPL TH PT OF LOTS 5 & 6 LYG N & ELY OF I-95 R/W & LOT 7 BLK 4
Tax Annual Amount
6324
Legal Description
MERCER PARK REPL TH PT OF LOTS 5 & 6 LYG N & ELY OF I-95 R/W & LOT 7 BLK 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Joseph Katta · License #3458181
(772) 971-3317
Added: Jun 17
Changed: Aug 4
Last Checked: Aug 7 at 5:06AM
MLS# B26042199
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering includes four contiguous parcels sold together as a single multifamily development assemblage. The site is zoned MF14 and is currently improved with three income-producing houses. Collectively, the existing homes generate approximately $7,700 per month. Preliminary plans are available upon request for a 12-unit development that contemplates a workforce housing density bonus. Development feasibility details and the preliminary plans are provided as information for the buyer’s review, with the understanding that the buyer must confirm all development requirements.
The property is located in the Mercer Park neighborhood of West Palm Beach, Florida. Seller preference is to sell the parcels together, and the assemblage is intended to be evaluated as one combined development site.
For developers and investors, this assemblage offers an opportunity to start from an existing rental income base while pursuing a potential transition to a higher-density multifamily use consistent with the MF14 zoning designation. The buyer is responsible for verifying zoning classifications, allowable density, and overall development potential with the City of West Palm Beach prior to proceeding.
The property is located in the Mercer Park neighborhood of West Palm Beach, Florida. Seller preference is to sell the parcels together, and the assemblage is intended to be evaluated as one combined development site.
For developers and investors, this assemblage offers an opportunity to start from an existing rental income base while pursuing a potential transition to a higher-density multifamily use consistent with the MF14 zoning designation. The buyer is responsible for verifying zoning classifications, allowable density, and overall development potential with the City of West Palm Beach prior to proceeding.
Key Highlights
- Four contiguous parcels in the Mercer Park neighborhood of West Palm Beach, sold together as a single multifamily development assemblage
- Zoned MF14 with preliminary plans for a 12‑unit development, including a workforce housing density bonus (buyer to verify with the City)
- Site currently improved with three income‑producing houses generating approximately $7,700/month collectively
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,057
Businesses Nearby
Explore this area
Business Placement
Demographics for 33401, FL
31,302
Population
19,051
Households
1.6
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,138
Density / Sq Mi
$60,942
Median Household Income
$39,932
Median Earnings
$1,774
Median Rent
$430,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Four contiguous parcels zoned MF14, with existing rental houses and preliminary plans for a 12-unit workforce density bonus project.
Where is this single family property located?
The property is located at 1340 Longwood Street West Palm Beach, FL.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Four contiguous parcels in the Mercer Park neighborhood of West Palm Beach, sold together as a single multifamily development assemblage; Zoned MF14 with preliminary plans for a 12‑unit development, including a workforce housing density bonus (buyer to verify with the City); Site currently improved with three income‑producing houses generating approximately $7,700/month collectively
