Property summary
This exceptional multifamily investment opportunity presents a 16-unit apartment building situated on a 0.72-acre lot in West Palm Beach, Florida. The property, comprised of two, two-story buildings constructed in 1974 of concrete block, offers 13,422 square feet of net rentable space, with each unit boasting a spacious two-bedroom, one-and-a-half-bathroom floor plan (839 sq ft). Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $236,563,… representing a 7.43% cap rate. A pro-forma analysis projects an increased NOI of $262,829 and an 8.25% cap rate, highlighting the significant value-add potential. The asking price is $3,185,000, translating to $199,062.50 per unit and $237.30 per square foot. The property benefits from its convenient location near major commercial corridors, including Northlake Boulevard, offering abundant retail and dining options. Nearby recreational amenities include Lake Park Harbor Marina and Kelsey Park, while major employers like Palm Beach Gardens Medical Center are within a short distance. The property's proximity to excellent schools further enhances its appeal. Central air conditioning is featured throughout the building. This fee-simple ownership presents a compelling investment opportunity with strong potential for future growth.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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