415 31st Street 1-6, West Palm Beach, FL 33407 — MLS photo

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415 31st Street 1-6, West Palm Beach, FL 33407

Active · MultiFamily

$1,700,000

415 31st Street 1-6, West Palm Beach, FL 33407

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1926
Lot size
—
HOA fee
—
Annual tax
—

About this property

Welcome to Villa Serena, a rare Old Northwood gem offering timeless charm and exceptional versatility in the heart of West Palm Beach. This beautifully maintained multifamily property features six individual residences, creating the perfect blend of investment opportunity and boutique community living. Built in 1926 and rich with historic character, Villa Serena captures the essence of South Florida living with lush tropical surroundings and thoughtfully updated interiors. The property offers a desirable unit mix including one 3-bedroom residence, two 2-bedroom residences, and three 1-bedroom residences — ideal for long-term rentals, seasonal tenants, or owner-occupancy with supplemental income potential. Residents enjoy spacious living areas, charming architectural details, and a prime location just minutes from downtown West Palm Beach, Palm Beach Island, restaurants, shopping, and pristine beaches. Nestled within the sought-after Old Northwood Historic District, Villa Serena presents an extraordinary opportunity to own an income-producing property in one of West Palm Beach's most vibrant and rapidly growing neighborhoods.

Property location

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415 31st Street 1-6, West Palm Beach, FL 33407

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
MultiFamily
Year built
1926

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$0
County
Palm Beach
MLS listing ID
B26027504
Listing status
Active

Investment intelligence

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

-$3,327

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$8,059/mo
Down payment
$425,000
Loan amount
$1,275,000
Annual NOI
$56,780

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