3621 Morton Avenue, West Palm Beach, FL 33405
MULTI_FAMILY - West Palm Beach, FL
- Added:
- Apr 28, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 15 at 7:06 am
Property Features for 3621 Morton Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF14 (city)
- Bedrooms
- 8
- Rooms
- Bedroom 7, Bedroom 1, Bedroom 8, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 2
- Window features
- Storm Window(s)
- Patio and Porch features
- Porch
- Pets allowed
- Yes, No
- Exterior features
- Storage
- Fencing
- Fenced
- Standard status
- Active
- APN
- 74434333290020030
- Size
- 3,069 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- AMND PL OF ROSEDALE ADD LT 3 BLK 2
- Tax Annual Amount
- 7254
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1945
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile - Ceramic
- Building materials
- Frame, Stucco
- Roof type
- Composition, Shingle
- Additional Structures
- Storage
Listing agent Gabriel Isasi License #3183776 (561) 714-3235
Listing office Southdale Properties Inc. 1802 N Federal, Lake Worth, FL (561) 586-1160
Listing date Apr 28, 2026
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two separate buildings on an oversized lot, with multiple bedrooms and 4 bathrooms listed
- Includes a 3‑bedroom, 1‑bath house plus a 1‑bedroom efficiency (mother‑in‑law) unit
- Also includes two separate 2‑bedroom, 1‑bath units in the second building
- Public water and public sewer available
- 1945 construction with frame and stucco exterior, and a composition shingle roof
- Tile‑ceramic flooring, wall/window and window AC units, plus fenced yard and porch
Overview
The property is centrally located in West Palm Beach, a few blocks from the Intercoastal and close to I-95, with schools and parks nearby. Zoning is listed as MF14 (city). The current configuration provides multiple separate living spaces within a compact multi-building setup.
For tenants, the layout offers a mix of unit sizes, including an efficiency-style arrangement and two-bedroom options. For buyers and investors, the property presents a straightforward multi-unit portfolio with existing structures that can support current income or be evaluated for redevelopment options noted in the remarks, including potential townhome construction with appropriate permission. Laundry utilities and unit mix may help tailor the property to different tenant needs, subject to local requirements.
Local Financial Insights For Multifamily LT 5
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 | $86.5k | $28.20 |
| − Vacancy | −$4.5k | −$1.47 |
| EGI | $82.0k | $26.73 |
| − OpEx | −$24.6k | −$8.02 |
| NOI | $57.4k | $18.71 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.055932
- Latitude
- 26.678991
