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Renovated 16-Unit Apartment Community
For Lease
$1,700/Mo

324 20th Street Unit 14, West Palm Beach, FL 33407

Renovated 16-unit community with studios and 1-bedroom homes, plus a community laundry facility with new machines.

Property Size452 SF
Days on Market12

Property Features for 324 20th Street Unit 14

General Information

Standard status Active
Size 452 SF
Property subtype Apartment
Lease Type /mo

Additional Details

Multifamily Units 16

Amenities

community laundry facility
Sewer: Public Sewer, Public Sanitation, Sewer
Parcel Number: 74434310190020082, Tax Legal Description: BETHESDA PARK W 1/2 OF LT 8 /LESS W 12 FT/ BLK 2
Flooring: Marble, Tile, Wood
Cooling: Wall/Window Unit(s)
Heating: Heat Pump/Reverse Cycle, Window/Wall
Features: Common Area
Business Type: Apartments, Lease Amount Frequency: Annually, Standard Status: Active
Parking Total: 1, Features: No Boats, No Rv/Boats
Elementary School: Pleasant City, Middle Or Junior School: Roosevelt, High School: Palm Beach Lakes
Total Bedrooms: 1, Features: None
Living Area: 452, Construction Materials: Stucco, Direction Faces: East, Stories: 2, Year Built: 1924, Building Area Total: 10630, Entry Level: 1, Structure Type: Apartment
County Or Parish: Palm Beach County, MLS Area Major: Bethesda Park, Subdivision Name: BETHESDA PARK, Unit Number: 14
Leasable Area Units: Square Feet
Full Bathrooms: 1, Bathrooms Total: 1
Features: Laundry Facilities
Tenant Pays: Water
Features: None
Features: Fire Sprinklers, No Interior Features
Features: Smoke Alarm, Smoke Detector(s), Fire Sprinkler System, Fire Sprinklers, Fire Alarm, Smoke Detector
Appliances: Dishwasher, Microwave, Gas Range, Refrigerator, Other Equipment: Natural Gas
Amenities: Laundry, Laundry Facility

Building Details

Year Built 1924
Tenancy Multi
Listing Agency: Floridas Property Management
Listed By: Glenn J Gurvitch · License #3085829
Source: Riserealty
Added: Jul 23 Changed: Jul 27 Last Checked: Aug 2 at 6:06AM

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 Floridas Property Management

Investment Insights

Based on property information with market context.

This renovated 16-unit apartment community offers a boutique living setup with studios and 1-bedroom residences. Units are described as having modern interiors and abundant natural light, with seven unique floor plans available. On-site community laundry is available, with brand-new machines intended to make everyday living more convenient.

The property is positioned north of CityPlace in West Palm Beach. The remarks also note proximity to the Intracoastal Waterway and being across from Padel courts, with an “exciting mix of retail” nearby.

The listed rent is $1,700 plus $41 for water and $45 for WiFi, for a total of $1,786 per month, as provided in the public remarks.

Key Highlights

  • Renovated 16‑unit community in Downtown West Palm Beach, built in 1924
  • Mix of studio and 1‑bedroom residences with seven unique floor plans
  • Community laundry facility with brand‑new machines

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

16
Residential units
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$6.77 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,751
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

Lease Benchmarks for West Palm Beach, FL

$28.93 /SF/Yr
Avg Asking Price
$25.41–$30.46 /SF/Yr
Price Range
700 SF
Avg Space Size

This space is priced 56% above the average of $28.93 /SF/Yr.

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Renovated 16-unit community with studios and 1-bedroom homes, plus a community laundry facility with new machines.
Where is this apartment building located?
The property is located at 324 20th Street Unit 14 West Palm Beach, FL.
What is the lease rate?
The lease rate is $1,700 /Mo.
What are key features of this property?
This property features: Renovated 16‑unit community in Downtown West Palm Beach, built in 1924; Mix of studio and 1‑bedroom residences with seven unique floor plans; Community laundry facility with brand‑new machines
More about this property
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