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8-Unit Apartment Building

172 N County Road, Palm Beach, FL 33480

For Sale
$6,995,000

Commercial Sale, Palm Beach, FL

Property Size3,720 SF
Lot Size0.16 Acres
Price / SF$1,880
Days on Market754

Property Features for 172 N County Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning C-TS(c
Bathrooms 8
Full bathrooms 8
Rooms Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 5, Bathroom 2, Bathroom 6, Bathroom 8, Bathroom 7
Subdivision 5002
Standard status Active
APN 50434315080000011
Size 3,720 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description BUNGALOW PARK ADD LT 1 (LESS E 10 FT NORTH COUNTY RD R/W) & ELY 6.55 FT OF LT 2
Tax Annual Amount 33318
Legal Description BUNGALOW PARK ADD LT 1 (LESS E 10 FT NORTH COUNTY RD R/W) & ELY 6.55 FT OF LT 2

Utilities

Utilities Water Available
Sewer type Public Sewer

Building Details

Year built 1943
Floors in Building 2
Number of units 8
Building materials CBS
Listing Agency: Douglas Elliman Jupiter
Listed By: Matthias Jay Fretz · License #3283808
Added: Oct 16, 2024 Changed: Oct 31 Last Checked: Nov 8 at 1:06AM
MLS# R11028931

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.

Rey
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Investment Insights

Based on property information with market context.

This Palm Beach multifamily property contains eight residential units within a 3,720-square-foot CBS building constructed in 1943. The configuration includes six studio apartments and two one-bedroom, one-bath units, providing a varied unit mix in a compact apartment setting.

The property is located at 172 N County Road, one block from the ocean. It occupies approximately 0.16 acres and is served by public sewer, with water available. The recorded zoning designation is C-TS(c.

Key Highlights

  • Eight units: six studios and two 1‑bedroom/1‑bath units
  • 3,720‑square‑foot CBS building constructed in 1943
  • Approximately 0.16 acres in Palm Beach

Property Analytics

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Lease Details

8
Residential units

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
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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 - Income-producing multifamily property with CBS construction and a mix of studio and one-bedroom residences.
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: Eight units: six studios and two 1‑bedroom/1‑bath units; 3,720‑square‑foot CBS building constructed in 1943; Approximately 0.16 acres in Palm Beach
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