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    Stabilized Multifamily Property in Florida Title is generated by Realmo AI

    3307 Windsor Ave, West Palm Beach, FL 33407

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    For Sale
    $2,595,000

    Stabilized 12-unit multifamily property with government-backed rental income.

    Type:Multifamily
    Property size:
    7,800 SF
    Lot size:
    0.57 Acres
    Price / SF:
    $332/SF
    Added:
    Apr 22, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 22 at 8:01 pm

    Property Features for 3307 Windsor Ave

    General Information

    Standard status
    Active
    Size
    7,800 SF
    Lot size
    0.57 Acres
    Property subtype
    Multifamily

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    Listing Contact
    Daniel J. Cunningham

    Listing agent Daniel J. Cunningham License #FL: SL3234051

    Listing office Fort Lauderdale Office

    Listing date Apr 22, 2026

    Source Marcusmillichap

    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 Fort Lauderdale Office

    HighLights

    • Great Location on Major Hwy
    • Rustic and Ready
    • Various types of businesses will fit

    Overview

    Windsor Apartments, a 12-unit multifamily property, is located at 3307 Windsor Avenue in West Palm Beach, Florida. Constructed in 1972, the property includes four buildings with a total gross area of 7,800 square feet, situated on a 0.57-acre parcel. The unit mix consists of twelve two-bedroom, one-bathroom apartments, each averaging 650 square feet. Half of the units have central air conditioning, while the others use wall-mounted systems. The property has new roofs, reducing near-term capital expenditure requirements. The property is currently stabilized with Section 8 tenants, providing consistent, government-backed rental income. The property is located in West Palm Beach, near Downtown, major employment hubs, and key amenities such as Palm Beach International Airport and St. Mary’s Medical Center, as well as local retail corridors. The area is experiencing redevelopment and investment, which is expected to increase long-term demand for workforce and affordable housing. Windsor Apartments represents a reliable investment opportunity with steady cash flow and minimal immediate capital needs.

    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 $259.3k $33.24
    − Vacancy −$12.4k −$1.60
    EGI $246.8k $31.64
    − OpEx −$111.1k −$14.24
    NOI $135.8k $17.40
    7,800 SF · lease $33.24/SF/yr · vacancy 4.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.94M
    $1.70M – $2.26M (±1% cap)
    NOI $135,755 @ 7.0% cap · market cap 5.23%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $5.49M
    $4.81M – $6.41M (±1% cap)
    NOI $384,524 @ 7.0% cap · market cap 14.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0646241
    Latitude
    26.7434844

    FAQs

    What type of property is this?
    Apartment building - Stabilized 12-unit multifamily property with government-backed rental income.
    Where is this apartment building located?
    The property is located at 3307 Windsor Ave West Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $2,595,000.
    What are key features of this property?
    This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
    More about this property
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