Well-Maintained Multifamily
For Sale
$599,999
807 14th Street, West Palm Beach, FL 33401
Well maintained multifamily units with separate electric and water meters and central AC replaced within the past three years.
Property Size1,222 SF
Days on Market147
Property Features for 807 14th Street
General Information
Standard status
Active
Size
1,222 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$8,646
Building Details
Building Size
1,222 SF
Year Built
1960
Listing Agency:
Approved Realty Solutions, Inc
Listed By:
Arlene Shaw · License #3449948
(754) 422-0597
Source:
Meyerlucas
Added: Jun 3
Changed: Oct 26
Last Checked: Oct 24 at 10:57PM
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 Approved Realty Solutions, Inc
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Investment Insights
Based on property information with market context.
This clean, well-maintained multifamily property is presented as an investment offering with units on separate electric and water meters. Central air conditioning was replaced within the past three years, supporting a lower-maintenance ownership profile. The property is described as having no restrictions.
Additional information provided notes bikeScore of 55 (bikeable), walkScore of 36 (car-dependent), and transitScore of 36 (some transit).
The listing is positioned for investors or a multifamily purchase venture, with an emphasis on the independently metered utilities and recent HVAC replacement.
Additional information provided notes bikeScore of 55 (bikeable), walkScore of 36 (car-dependent), and transitScore of 36 (some transit).
The listing is positioned for investors or a multifamily purchase venture, with an emphasis on the independently metered utilities and recent HVAC replacement.
Key Highlights
- Year built 1960 multifamily property in West Palm Beach
- Well maintained units with separate electric and water meters
- Central AC replaced within the past 3 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,268
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,360
$425.4K
Cap Rate 7%
$303,829
$303.8K
Cap Rate 9%
$236,311
$236.3K
Market Conditions
NOI Build-Up for 1,222 SF
Gross rent
$40.6K $33.24/SF
− Vacancy
−$1.9K −$1.60/SF
EGI
$38.7K $31.64/SF
− OpEx
−$17.4K −$14.24/SF
NOI
$21.3K $17.40/SF
Area
West Palm Beach, FL
Vacancy
4.80%
Lease Rate
$33.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,360
Cap Rate 7%
$303,829
Cap Rate 9%
$236,311
Alternative Uses
Best Use
Apartment 5plus
$303.8K
$265.9K – $354.5K
NOI $21,268 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$860.6K
$753.0K – $1.00M
NOI $60,242 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,922
Businesses Nearby
Explore this area
Business Placement
Demographics for 33401, FL
31,302
Population
19,051
Households
1.6
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,138
Density / Sq Mi
$60,942
Median Household Income
$39,932
Median Earnings
$1,774
Median Rent
$430,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Well maintained multifamily units with separate electric and water meters and central AC replaced within the past three years.
Where is this multifamily property located?
The property is located at 807 14th Street West Palm Beach, FL.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Year built 1960 multifamily property in West Palm Beach; Well maintained units with separate electric and water meters; Central AC replaced within the past 3 years
