Residential Income
817 NW 7th Street West Palm Beach, FL 33401
817 NW 7th Street, West Palm Beach, FL, 33401
$775,000
For Sale
$775,000
MULTI_FAMILY - West Palm Beach, FL
Property Size2,196 SF
Lot Size0.14 Acres
Price / SF$352.91
Days on Market85
Property Features for 817 NW 7th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- NWD-R (city)
- Bedrooms
- 9
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 9, Bedroom 6, Bedroom 3, Bathroom 4, Bedroom 1, Bedroom 7, Bathroom 5, Bedroom 8, Bedroom 5, Bathroom 3, Bathroom 2
- Pets allowed
- No, Yes
- Exterior features
- Balcony
- Standard status
- Active
- APN
- 74434316010030090
- Size
- 2,196 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- FRESHWATER ADD TO WPB AMNDED LT 9 BLK 3
- Tax Annual Amount
- 7569
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s), Electric, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1935
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile
- Building materials
- Vinyl Siding, Wood Siding
- Roof type
- Composition, Shingle
Listing Agency
LoKation
(954) 545-5583
1500 E Atlantic Blvd. The K. Co. Building, Pompano Beach, FL
Listed by
Gaetjen Jerome · License #3463213
(954) 892-9912
Added: Apr 28 Updated: Jul 20 at 9:58 pm Checked: Jul 21 at 5:06 am
MLS# B26022899
Listing URL
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1935, this residential income property features a single-family home with five bedrooms and two bathrooms, along with a separate triplex located in the rear. The triplex consists of a 1-bedroom/1-bath unit, a studio with one bathroom, and a 2-bedroom/1-bath apartment. Both buildings had their roofs replaced in 2018.
Each unit is individually metered for electricity, and each building has its own water meter. The property is located in West Palm Beach, minutes from Downtown West Palm Beach and the Brightline station, with access to Clematis Street, Palm Beach Outlets, and nearby dining, shopping, and entertainment options.
Zoned NWD-R (city), the asset is offered as a mixed configuration of one main residence and a rear triplex under one ownership structure.
Each unit is individually metered for electricity, and each building has its own water meter. The property is located in West Palm Beach, minutes from Downtown West Palm Beach and the Brightline station, with access to Clematis Street, Palm Beach Outlets, and nearby dining, shopping, and entertainment options.
Zoned NWD-R (city), the asset is offered as a mixed configuration of one main residence and a rear triplex under one ownership structure.
Key Highlights
- Built in 1935 single‑family home with 5 bedrooms and 2 bathrooms, plus a separate triplex in the rear
- Triplex unit mix: one 1‑bedroom/1‑bath, one studio/1‑bath, and one 2‑bedroom/1‑bath apartment
- Roofs replaced in 2018 for both the main building and the rear triplex
Local Financial Insights For Multifamily LT 5
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 | $61.9k | $28.20 |
| − Vacancy | −$3.2k | −$1.47 |
| EGI | $58.7k | $26.73 |
| − OpEx | −$17.6k | −$8.02 |
| NOI | $41.1k | $18.71 |
2,196 SF · lease $28.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$587.1K
$513.7K – $684.9K
NOI $41,095 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$546.0K
$477.8K – $637.0K
NOI $38,220 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,258 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Built in 1935, the property includes a main 5-bedroom home plus a rear triplex, with separately metered utilities.
Where is this quadplex located?
The property is located at 817 NW 7th Street West Palm Beach, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Built in 1935 single‑family home with 5 bedrooms and 2 bathrooms, plus a separate triplex in the rear; Triplex unit mix: one 1‑bedroom/1‑bath, one studio/1‑bath, and one 2‑bedroom/1‑bath apartment; Roofs replaced in 2018 for both the main building and the rear triplex
