Multifamily in West Palm Beach, FL 33401
Freshwater Avenue, 711 Palm Beach Lakes Blvd

Beds
1,261
SqFt
$511
$/SqFt
Entry-Level MultifamilyProperty Type
1938Year Built
$511/SqFtPrice per sq ft
Outdoor Living AreaExterior Features
Attention Investors & Cash-Flow Buyers: Discover a rare, high-yielding multi-family asset perfectly situated in the rapidly growing West Palm Beach market. This versatile three-unit triplex offers an exceptional combination of immediate rental income, substantial square footage, and major capital expenditure savings. Roof replaced 2023!Unit 1: The Main House 3 BR / 1 BA Unit 2 2BR/1BA . Unit 3 2BR/1BA . All Fully Rented. Orkin termite protection plan already in place. ***Located right on the pulse of West Palm Beach (33401), this property sits in a high-demand submarket characterized by steady historical appreciation and a robust tenant pool. With separate electric and water meters already in place, utility management is streamlined to keep your landlord operational expenses remarkably low. Don't miss out on adding this high-square-footage, low-maintenance income generator to your portfolio. *** Unit 1: Oven, Fridge, dishwasher. Central AC. YGI: $24,600. Expenses; $480 NOI: $24,120 Unit 2: Oven, Fridge. Central AC/ and Window Unit. Expenses: YGI: $18,600 $480 NOI: $18,120 Unit 3: Oven, fridge. A/C mini split w/ additional window unit. Expenses: YGI: $18,600 $480 NOI: $18,120 Lease info: Front House Lease expires 3/31/2027, Unit A Lease expires 3/31/2027, Unit B Lease expires 8/31/2027.
Listing Courtesy Of: Choice Plus Real Estate
Local Realty Services Provided By: Best of Luxury Realty
On Site: 125 DaysUpdated: 18 Days agoPage Views: 0

Features

MLS Number: B26045310
Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: OutdoorLivingArea, Other
      Interior, Heating and Cooling
      • Heating Description: Electric
      • Cooling Description: Electric
      Building and Construction
      • Floor Description: Other
      • Construction Type: Triplex
      • Year Built: 1938
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
      • Elementary School: Pleasant City
      • Middle School: Roosevelt Community
      • Senior High School: Palm Beach Lakes
      Other Property Info
      • Listing Date: 2026-06-25T11:37:06.000-00:00
      • Pets Allowed: Call,Yes
      Taxes, Fees & More
      • Taxes: 8875.56
      • Real Estate Taxes: 392546
      • Total Floors in Building: 1
      • Total Units in Building: 3
      • Total Units in Complex: 3

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      Price History

      Current
      $645K
      High
      $680K
      Low
      $645K
      Total Change
      -5.1%
      $684K$662K$641KJun 26Aug 26
      Date
      Event
      Price
      Change
      Price Per
      08/27/2026
      Price Reduced
      $645K
      -5.13%
      $511 ft2
      $5,506 m2
      06/25/2026
      Listed
      $680K
       
      $539 ft2
      $5,804 m2
      08/27/2026
      $645K
      Event
      Price Reduced
      Change
      -5.13%
      Price Per
      $511 ft2
      $5,506 m2
      06/25/2026
      $680K
      Event
      Listed
      Price Per
      $539 ft2
      $5,804 m2
      Price per square foot and days on website are not provided values and are calculated by Subdivisions.
      Listed by Kimberly Castellotti • Choice Plus Real Estate • Buyer Agency Compensation .
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      Community Snapshot
      3 – 4 BR
      Bedrooms
      $220K – $1.3M
      Price Tier
      896 - 4,104
      SqFt Range
      1962
      Year Build
      1
      Total Floors

      Subdivision Amenities

      None
      Sidewalks

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