1913 Division Avenue, West Palm Beach, FL 33407 — MLS photo

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1913 Division Avenue, West Palm Beach, FL 33407

Active · MultiFamily

$900,000

1913 Division Avenue, West Palm Beach, FL 33407

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1949
Lot size
—
HOA fee
—
Annual tax
—

About this property

This well-maintained 5-unit multifamily property offers a strong investment opportunity in the rapidly growing West Palm Beach market. Located in a desirable residential neighborhood just minutes from downtown, major employment centers, beaches, and transit options, the building provides consistent rental demand and long-term upside. The property features a mix of spacious 2- and three-bedroom units, each with functional layouts and steady rental history. Several units have been updated, and the building has been professionally managed. On-site amenities include private parking, a shared outdoor area, and individual utilities for most units, supporting lower operating costs. Units have a brand-new AC system installed in 2025, and all units will be freshly painted.

Property location

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1913 Division Avenue, West Palm Beach, FL 33407

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
MultiFamily
Year built
1949

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Palm Beach
MLS listing ID
R11167068
Listing status
Active

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Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,761

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$4,266/mo
Down payment
$225,000
Loan amount
$675,000
Annual NOI
$30,060

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.