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Renovated Multifamily Property
For Sale
Contact for pricing
Pending

1801 Spruce Ave, West Palm Beach, FL 33407

1801 Spruce Apartments features separately metered water and electric service across its residential units.

Property SizeContact for details
Days on Market146

Property Features for 1801 Spruce Ave

General Information

Standard status Pending
Property subtype Multifamily

Building Details

Tenancy Multi
Listing Agency: Vertical International Brokers
Listed By: alejandro jimenez · License #SL 3262367
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 3:21AM

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 Vertical International Brokers

Investment Insights

Based on property information with market context.

1801 Spruce Apartments is a multifamily property with renovated units that have been maintained by the current ownership. Each unit is separately metered for water and electricity, providing distinct utility accounting across the property.

A majority of the tenancy uses Section 8 vouchers or AAF programs. The property is located at 1801 Spruce Ave in West Palm Beach, Florida.

Key Highlights

  • All units have been renovated and maintained by current ownership
  • Separate water and electric meters serve each unit
  • Majority of tenants use Section 8 vouchers or AAF programs

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Locksmith Pet Grooming Service Butcher (Bike/Boat/Book/etc) Store Veterinary Clinic Fish Market

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,822
Businesses Nearby

Demographics for 33407, FL

34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
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?
Multifamily property - 1801 Spruce Apartments features separately metered water and electric service across its residential units.
Where is this multifamily property located?
The property is located at 1801 Spruce Ave West Palm Beach, FL.
What are key features of this property?
This property features: All units have been renovated and maintained by current ownership; Separate water and electric meters serve each unit; Majority of tenants use Section 8 vouchers or AAF programs
More about this property
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