700 North Tamarind Avenue, West Palm Beach, FL 33401
21-unit multifamily portfolio with studio through three-bedroom layouts, on-site laundry, and paved parking in West Palm Beach.
- Added:
- Jun 2, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 6 at 2:32 am
Property Features for 700 North Tamarind Avenue
General Information
- Standard status
- Active
- Size
- 15,477 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1952
Listing agent Ethan Krauss License #SL3552519
Listing office Marcus & Millichap - Fort Lauderdale
Listing date Jun 2, 2026
Source Crexi
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 Marcus & Millichap - Fort Lauderdale
HighLights
- 21‑unit multifamily portfolio plus 1 non‑conforming unit in West Palm Beach, FL
- 3 two‑story concrete block buildings built between 1952–1964, totaling 15,477 SF on a 20,910 SF lot
- Unit mix: 3 studios, 5 one‑bedroom/1‑bath, 13 two‑bedroom/1‑bath, and 1 three‑bedroom/1‑bath plus 1 non‑conforming unit
- Each unit features wall air conditioning units
- On‑site laundry facilities and paved asphalt parking
- Offered at $3,410,000 ($155,000 per unit)
Overview
The buildings are located in West Palm Beach, Florida at 700 North Tamarind Avenue, 919 6th Street, and 925 6th Street. The location provides convenient access to Federal Highway (US-1) and Palm Beach Lakes Boulevard. The surrounding area includes employment and retail and entertainment destinations, as well as institutions and community amenities such as Clematis Street, City Place, and Good Samaritan Medical Center. Nearby transit is available at the West Palm Amtrak/TriRail Station.
This portfolio may be of interest to buyers seeking a small, multi-building rental asset with a mix of studio, one-, two-, and three-bedroom apartment layouts. The presence of on-site laundry and paved parking supports day-to-day resident needs across the property’s unit mix.
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 | $514.5k | $33.24 |
| − Vacancy | −$24.7k | −$1.60 |
| EGI | $489.8k | $31.64 |
| − OpEx | −$220.4k | −$14.24 |
| NOI | $269.4k | $17.40 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.061716
- Latitude
- 26.7193195
