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30-Unit Apartment Building
New
For Sale
$865,000

416 Dr Martin Luther King Jr Blvd W, Belle Glade, FL 33430

Residential Income, Belle Glade, FL

Property Size5,948 SF
Lot Size0.24 Acres
Price / SF$145.43
Days on Market3

Property Features for 416 Dr Martin Luther King Jr Blvd W

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning description B-2 (cit
Parking 20
Subdivision RADERS SUB
Lot features < 1/4 Acre
Directions Please use Google Maps.
Standard status Active
APN 04374342050030030
Size 5,948 SF
Lot size 0.24 Acres

Additional Details

Individually Metered Utilities electricity

Taxes and HOA fees

Tax Year 2025
Tax Description RADERS SUB LTS 3 & 4 (LESS N 5 FT RD R/W) BLK 3
Tax Annual Amount 7376
Legal Description RADERS SUB LTS 3 & 4 (LESS N 5 FT RD R/W) BLK 3

Utilities

Sewer type Public Sewer
Cooling system Wall/Window Unit(s), Window Unit(s)

Building Details

Year built 1947
Floors in Building 2
Flooring type Tile
Building materials CBS (Concrete Block Structure), Block
Roof type Tile, Flat
Architectural style Other
Buildings 1
Listing Agency: EXP Realty LLC
Listed By: John Salt · License #3270043
Added: Oct 26 Last Checked: Oct 28 at 4:06AM
MLS# A12113243

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This two-story, 30-unit apartment property includes a 5,948-square-foot building and a separate vacant corner lot; together, the parcels contain 10,602 square feet of land. Each unit is arranged in a studio-style configuration. Improvements include new flooring and bathrooms, updated plumbing, new electrical service, and fresh paint. The building has 30 separate electric meters, window or wall/window cooling, and a flat and tile roof. It was built in 1947, and the roof is reported to be 10 years old.

The corner property fronts Dr Martin Luther King Jr Blvd and SW Avenue E in Belle Glade. The site is zoned B-2 commercial; buyers should verify zoning and permitted uses. The vacant parcel provides additional land alongside the existing apartment building.

Key Highlights

  • 30 studio‑style units in a two‑story building
  • 5,948‑square‑foot building on parcels totaling 10,602 square feet of land
  • Separate vacant corner lot; frontage on Dr Martin Luther King Jr Blvd and SW Avenue E

Property Analytics

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Suggested Use

Top Pick Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Storage Facility

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

30
Residential units
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

766
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two parcels combine studio-style units with a vacant corner lot and B-2 commercial zoning.
Where is this apartment building located?
The property is located at 416 Dr Martin Luther King Jr Blvd W Belle Glade, FL.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: 30 studio‑style units in a two‑story building; 5,948‑square‑foot building on parcels totaling 10,602 square feet of land; Separate vacant corner lot; frontage on Dr Martin Luther King Jr Blvd and SW Avenue E
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