Renovated First-Floor
For Sale
Contact for pricing
812 19th Street #1, West Palm Beach, FL 33407
Updated apartment with central A/C, shared backyard access, and convenient proximity to downtown West Palm Beach.
Property Size2,400 SF
Days on Market104
Property Features for 812 19th Street #1
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
shared backyard
central A/C
Building Details
Building Size
2,400 SF
Year Built
1960
Stories
2
Listing Agency:
LPT Realty, LLC
Listed By:
Andres Medina
(561) 374-1694
Source:
Neilpicart.kw
Added: Jul 9
Changed: Oct 4
Last Checked: Oct 19 at 3:44AM
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 LPT Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 812 19th Street #1, this residential income property is a renovated first-floor apartment with 2 bedrooms and 1 bathroom. The interior has been refreshed with new paint, modern finishes, central A/C, and a bright layout. Residents also have access to a shared backyard and can occupy the apartment immediately.
The property is in West Palm Beach near downtown, Clematis Street, CityPlace, shopping, dining, entertainment, and major highways. The building dates to 1960, and the apartment is offered without HOA fees.
The property is in West Palm Beach near downtown, Clematis Street, CityPlace, shopping, dining, entertainment, and major highways. The building dates to 1960, and the apartment is offered without HOA fees.
Key Highlights
- Renovated 2‑bedroom, 1‑bath first‑floor apartment
- Central A/C and modern interior finishes
- Shared backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,771
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,420
$835.4K
Cap Rate 7%
$596,729
$596.7K
Cap Rate 9%
$464,122
$464.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$79.8K $33.24/SF
− Vacancy
−$3.8K −$1.60/SF
EGI
$75.9K $31.64/SF
− OpEx
−$34.2K −$14.24/SF
NOI
$41.8K $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%
$835,420
Cap Rate 7%
$596,729
Cap Rate 9%
$464,122
Alternative Uses
Best Use
Apartment 5plus
$596.7K
$522.1K – $696.2K
NOI $41,771 @ 7.0% cap · market cap 2,320.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,315 @ 7.0% cap · market cap 6,573.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,956
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Updated apartment with central A/C, shared backyard access, and convenient proximity to downtown West Palm Beach.
Where is this residential income property located?
The property is located at 812 19th Street #1 West Palm Beach, FL.
What are key features of this property?
This property features: Renovated 2‑bedroom, 1‑bath first‑floor apartment; Central A/C and modern interior finishes; Shared backyard access
