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






Beds
1,261
SqFt$511
$/SqFtEntry-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
Apples-to-Apples Comparables
Price History
Current
$645K
High
$680K
Low
$645K
Total Change
-5.1%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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