1913 Division Avenue, West Palm Beach, FL 33407
Five-unit multifamily with mix of 2- and 3-bedroom homes, private parking, shared outdoor space, and recent AC updates.
- Added:
- Mar 5, 2026
- Days on Market:
- 110
- Last Refresh:
- Jun 20 at 4:38 am
Property Features for 1913 Division Avenue
General Information
- Standard status
- Active
- Size
- 3,504 SF
- Property subtype
- Multifamily, Business for Sale, Office
Building Details
- Year Built
- 1949
Listing agent Dwayne Barrett License #FL
Listing office Ibero Property Management
Listing date Mar 5, 2026
Source Crexi
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 Ibero Property Management
HighLights
- 5‑unit multifamily building built in 1949
- Unit mix of 2- and 3‑bedroom homes
- Brand‑new AC system installed in 2025
- Most units have individual utilities
- Private parking and a shared outdoor area
- Several units have been updated and all units will be freshly painted
Overview
The building is located at 1913 Division Avenue in West Palm Beach, Florida, in a desirable residential neighborhood just minutes from downtown, major employment centers, beaches, and transit options.
For buyers or operators, the unit mix and recent mechanical work make this a practical option for maintaining stable day-to-day operations. The combination of private parking, a shared outdoor area, and most units having individual utilities can help streamline resident living and expense handling, while the updates and fresh interior paint support an immediately presentable tenant experience.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.5k | $33.24 |
| − Vacancy | −$5.6k | −$1.60 |
| EGI | $110.9k | $31.64 |
| − OpEx | −$49.9k | −$14.24 |
| NOI | $61.0k | $17.40 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0595781
- Latitude
- 26.7317011
