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638 50TH ST West Palm Beach, FL 33407
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Key Details
Sold Price $470,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,952 sqft
Price per Sqft $240
Subdivision North Palm Bch 4
MLS Listing ID B26067277
Sold Date 09/23/26
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 1952
Year Built 1936
Annual Tax Amount $6,393
Tax Year 2025
Contingent Other
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Triplex
Property Description
Rare opportunity to acquire a 3-unit multifamily property located at 638 50th Street in West Palm Beach generating $4,950 per month in rental income ($59,400 annually). Built in 1936, the property consists of two buildings totaling 2,868 gross SF on a 0.24-acre lot. The unit mix includes three 2-bedroom/1-bathroom units averaging approximately 651 rentable SF, with wood frame construction, pitched composite shingle roofs, and window-unit A/Cs. Conveniently located near I-95, Downtown West Palm Beach, Palm Beach Island, St. Mary's Medical Center, and the Northwood district. An attractive opportunity for investors seeking immediate in-place income in a growing West Palm Beach rental market.
Location
State FL
County Palm Beach
Area 5420
Zoning SF7 (city)
Interior
Interior Features InteriorFeatures
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplace No
Window Features Metal,Single Hung
Exterior
Exterior Feature Outdoor Living Area, Other, Porch
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Water Access Desc Public
Roof Type Composition,Shingle
Accessibility None
Porch Porch, Screened
Total Parking Spaces 2
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame
New Construction No
Construction Status Resale
Schools
Elementary Schools West Riviera
Middle Schools John F. Kennedy (Palm Beach)
High Schools Palm Beach Lakes
Others
Senior Community No
Restrictions No Restrictions,OK To Lease
Tax ID 74434304080570190
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash
Special Listing Condition Standard
Pets Allowed No Pet Restrictions, Yes
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Bought with Christopher H Saia Northwood Realty LLC
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