4-Unit Multifamily
2624 AVENUE S #M, Riviera Beach, FL 33404
For Sale
$699,000
Tenant occupancy is in place at this four-unit residential property.
Property Size3,024 SF
Price / SF$231.15
Days on Market12
Property Features for 2624 AVENUE S #M
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Amenities
0.07 acres, Less Than 1/4 Acre Lot, Less Than 1 Acre
Comp Shingle Roof, Shingle
Public Sewer, Public Sanitation, Sewer
Parcel Number: 56434229010590130, Annual Amount: $8,242, Legal Description: ACREHOME PARK N 28 FT OF S 36.45 OF E 110.54 FT OF W 617.18 FT OF LT 59 K/A UNITS M~ N~ P & Q IN OR29937P1777, Year: 2025, Zoning: RM-15 (city)
Tile
Wall/Window Unit(s)
Window/Wall
Listing ID: B26094375, Standard Status: Active, MLS Status: Active, Property Subtype: Quadruplex, On market as of 2026-10-29, 8 days on market
Middle School: John F. Kennedy, High School: Palm Beach Gardens
Built in 1966, Year Built Details: Resale, Living area: 3024, Living area units: Square Feet, 1 storey, Construction Materials: Concrete Block Construction, CBS Construction
Subdivision: ACREHOME PARK, MLS Area (Major): Acrehome Park, County/Parish: Palm Beach County
Leasable area units: Square Feet
2 units in community
Electricity Connected, Water Connected, Electricity Available, Water Available, Water Source: Public
Funding, Long Closing Preferred, Negotiable
Allowed: Yes
Water
Association Fee: $0
Building Details
Year Built
Buildings
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Alexandria Connors · License FL #3462744
(561) 670-6839
Source:
Riserealty
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 6:10AM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This four-unit multifamily property was built in 1966 and is occupied by tenants. It is included in a 14-property portfolio in Palm Beach County, where most of the properties are in Riviera Beach.
The portfolio comprises nine duplexes, two fourplexes and three single-family homes. The seller favors a sale of the full portfolio, though purchases of smaller groups will also be considered.
The portfolio comprises nine duplexes, two fourplexes and three single-family homes. The seller favors a sale of the full portfolio, though purchases of smaller groups will also be considered.
Key Highlights
- Four‑unit multifamily property
- Built in 1966
- Tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,209
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,180
$924.2K
Cap Rate 7%
$660,129
$660.1K
Cap Rate 9%
$513,433
$513.4K
Market Conditions
NOI Build-Up for 3,024 SF
Gross rent
$88.9K $29.40/SF
− Vacancy
−$4.9K −$1.62/SF
EGI
$84.0K $27.78/SF
− OpEx
−$37.8K −$12.50/SF
NOI
$46.2K $15.28/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,180
Cap Rate 7%
$660,129
Cap Rate 9%
$513,433
Alternative Uses
Best Use
Apartment 5plus
$660.1K
$577.6K – $770.2K
NOI $46,209 @ 7.0% cap · market cap 6.61%
Second Best
Multifamily LT 5
$507.2K
$443.8K – $591.7K
NOI $35,503 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $149,077 @ 7.0% cap · market cap 21.33%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
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Business Placement
Demographics for 33404, FL
31,869
Population
15,990
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
7.3 sq mi
ZIP Area
4,366
Density / Sq Mi
$60,225
Median Household Income
$35,521
Median Earnings
$1,507
Median Rent
$305,600
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Palm Beach County, FL
Properties on Market for Quadplexes in Palm Beach County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Tenant occupancy is in place at this four-unit residential property.
Where is this quadplex located?
The property is located at 2624 AVENUE S #M Riviera Beach, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four‑unit multifamily property; Built in 1966; Tenant‑occupied
