Belle Glade Multifamily Investment
For Sale
$1,350,000
241 NW 11th 1 Street #13, Belle Glade, FL 33430
16-unit multifamily property in central Belle Glade, 100% occupied.
Property Size13,220 SF
Price / SF$102.12
Days on Market378
Property Features for 241 NW 11th 1 Street #13
General Information
Standard status
Active
Size
13,220 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$19,052
Amenities
Central air
Composition Roof
Phases3
Volts110
Wall Furnace Heating
Wall Window Units Cooling
Building Details
Year Built
1979
Listing Agency:
KELLER WILLIAMS REALTY BOCA RATON
(516) 241-6914
Listed By:
DANIEL KARP · License #R11114625
Source:
Corcoran
Added: Aug 11, 2025
Changed: Aug 23
Last Checked: Aug 23 at 2:38AM
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 KELLER WILLIAMS REALTY BOCA RATON
Investment Insights
Based on property information with market context.
The property at 241 NW 11th St is a 16-unit multifamily property, consisting of two adjacent 8-unit buildings constructed in 1979. The buildings feature concrete block construction. The unit mix primarily consists of 2-bedroom, 1-bath apartments. Utilities are individually metered. There are 21 surface parking spaces available. The property is currently 100% occupied and generates an operating income (NOI) of approximately $108,000. Located in central Belle Glade, the property is within walking distance of schools, shops, and employers. The investment delivers a cap rate between 8% and 9.37%, a GRM of 6.95, and a price per unit of approximately $84,000. This property presents a value-add or turnkey opportunity in South Florida's workforce housing market.
Key Highlights
- 100% Occupancy with $108,000 NOI
- Attractive Cap Rate between 8‑9.37%
- 16 Units in Two Buildings
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Explore this area
Business Placement
Demographics for 33430, FL
20,327
Population
7,158
Households
2.8
Avg Household Size
35
Median Age
13%
College-Educated
71%
High-School Grad
239.8 sq mi
ZIP Area
85
Density / Sq Mi
$48,690
Median Household Income
$31,117
Median Earnings
$860
Median Rent
$142,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 16-unit multifamily property in central Belle Glade, 100% occupied.
Where is this apartment building located?
The property is located at 241 NW 11th 1 Street #13 Belle Glade, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 100% Occupancy with $108,000 NOI; Attractive Cap Rate between 8‑9.37%; 16 Units in Two Buildings
