Three-Unit Multifamily
New
For Sale
$510,000
638 50th St, West Palm Beach, FL 33407
Two buildings contain matching two-bedroom, one-bath residences with window-unit cooling.
Property Size2,868 SF
Lot Size0.24 Acres
Price / SF$177.82
Days on Market3
Property Features for 638 50th St
General Information
Standard status
Active
Size
2,868 SF
Net Rentable
1,952 SF
Lot size
0.24 Acres
Property subtype
Multifamily
Occupancy
95%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Cap Rate
6.64%
Amenities
3-Unit Property Comprised Of Two Residential Buildings
Spacious 2-Bedroom Floorplans With Strong Tenant Appeal
Minutes From Downtown West Palm Beach, Palm Beach Island, And St. Mary's Medical Center
Excellent Access To I-95, U.S. 1, And Major Employment Corridors
Building Details
Building Size
2,868 SF
Year Built
1936
Buildings
2
Units
3
Construction
wood frame
Listing Agency:
Fort Lauderdale Office
(954) 245-3494
Listed By:
River Rhoads · License #License(s): FL: SL3509795
(954) 245-3494
Source:
Marcusmillichap
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 11 at 4:38AM
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
Investment Insights
Based on property information with market context.
Built in 1936, the property includes two wood-frame buildings with pitched composite shingle roofs and window-unit air conditioning. The improvements total 1,952 rentable square feet and 2,868 gross square feet on a 0.24-acre lot.
All three residences offer the same two-bedroom, one-bathroom layout, with each unit averaging 651 square feet. The property is positioned just west of Broadway, identified as U.S. 1, and provides access to Interstate 95. Downtown West Palm Beach, Palm Beach Island, Palm Beach International Airport, and St. Mary's Medical Center are minutes away. Shopping, dining, and public transportation are also identified nearby.
All three residences offer the same two-bedroom, one-bathroom layout, with each unit averaging 651 square feet. The property is positioned just west of Broadway, identified as U.S. 1, and provides access to Interstate 95. Downtown West Palm Beach, Palm Beach Island, Palm Beach International Airport, and St. Mary's Medical Center are minutes away. Shopping, dining, and public transportation are also identified nearby.
Key Highlights
- Three two‑bedroom/one‑bathroom units with an average size of 651 square feet each
- Two buildings totaling 1,952 rentable square feet and 2,868 gross square feet
- 0.24‑acre lot with wood‑frame construction
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Two buildings contain matching two-bedroom, one-bath residences with window-unit cooling.
Where is this triplex located?
The property is located at 638 50th St West Palm Beach, FL.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Three two‑bedroom/one‑bathroom units with an average size of 651 square feet each; Two buildings totaling 1,952 rentable square feet and 2,868 gross square feet; 0.24‑acre lot with wood‑frame construction
