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Income Property Near the Ocean

172 N County Road, Palm Beach, FL 33480

For Sale
$6,995,000

Eight-unit building, one block from the ocean, great income potential.

Property Size3,720 SF
Price / SF$3,809
Days on Market754

Property Features for 172 N County Road

General Information

Standard status Active
Size 3,720 SF
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $33,318

Building Details

Building Size 3,720 SF
Year Built 1943
Listing Agency: Douglas Elliman Jupiter
Listed By: Matthias Jay Fretz · License #3283808
Source: Meyerlucas
Added: Oct 16, 2024 Changed: Oct 31 Last Checked: Nov 6 at 6:14PM

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 Jupiter

Rey
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Investment Insights

Based on property information with market context.

This is an eight-unit CBS building comprised of two 1-bedroom/1-bath units and six studios. The property is located one block from the ocean, presenting an opportunity for income generation. The building has a property size of 1,836 square feet.

Key Highlights

  • Income‑producing 8‑unit building
  • Only 1 block from the ocean
  • CBS (Concrete Block Structure) building

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Location Intelligence

Trade Area within ½ mile

807
Businesses Nearby

Demographics for 33480, FL

10,716
Population
12,438
Households
0.9
Avg Household Size
68
Median Age
65%
College-Educated
98%
High-School Grad
3.9 sq mi
ZIP Area
2,748
Density / Sq Mi
$151,121
Median Household Income
$81,850
Median Earnings
$1,840
Median Rent
$1,218,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Palm Beach County, FL

$814 Jul
$516 Aug
$675 Sep
$663 Oct

Properties on Market for Apartment buildings in Palm Beach County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Eight-unit building, one block from the ocean, great income potential.
Where is this apartment building located?
The property is located at 172 N County Road Palm Beach, FL.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: Income‑producing 8‑unit building; Only 1 block from the ocean; CBS (Concrete Block Structure) building
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