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8-Unit CBS Apartment Building
For Sale
$7,500,000

172 N County Road, Palm Beach, FL 33480

MULTI_FAMILY - Palm Beach, FL

Property Size3,720 SF
Lot Size0.16 Acres
Price / SF$2,016
Days on Market661

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 6, Bathroom 1, Bathroom 8, Bathroom 4, Bathroom 7, Bathroom 2, Bathroom 5
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: Aug 5 Last Checked: Aug 7 at 1:06PM
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.

Investment Insights

Based on property information with market context.

This 8-unit apartment building is constructed with CBS and includes two 1 bedroom/1 bath units plus six studios. The property sits on a 0.16-acre lot and includes 3,720 square feet of building area. Built in 1943, it features available water service and public sewer.

Located at 172 N County Road in Palm Beach, the building is listed as only 1 block from the ocean. Zoning is C-TS(c, which may be relevant for how the site can be used.

The unit mix of two 1 bed/1 bath residences and six studios provides a range of configurations within the same multifamily structure.

Key Highlights

  • 8‑unit CBS apartment building with two 1 bedroom/1 bath units and six studios
  • 0.16‑acre lot with 3,720 SF building area
  • Construction: CBS; year built 1943

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility Home Appliance Store Butcher Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 8-unit CBS building with two 1-bed/1-bath units and six studios; water available and public sewer.
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 $7,500,000.
What are key features of this property?
This property features: 8‑unit CBS apartment building with two 1 bedroom/1 bath units and six studios; 0.16‑acre lot with 3,720 SF building area; Construction: CBS; year built 1943
More about this property
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