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THE RESIDENCE
About this home
This is actually a 5 unit apartment building in Mercer Park. Walking distance to down town West Palm Beach. Two- 2 bedroom units, 2- one bedroom units and a studio. Gross Rents of $88,440/year! Off street parking for 7 cars. Unit 5 is a studio and rents for $1075/mth. Priced at an almost 7% cap rate. This one will not last!
THE DETAILS
Property details
List Price$895,000
Price / Unit$223,750
Units4
Cap Rate6.63%
Gross Income$88,440/yr
Net Operating Income$59,340
Inside Sq Ft3,060
Year Built1925
ConstructionAluminum Siding, Frame
FlooringLaminate, Vinyl, Wood
ZoningMF14 (city)
Lot Dimensions50.0 ft x 115.0 ft
Property TypeQuadruplex
MLS #B26044176
StatusActive
Original List Price$895,000
GRM10.1
Stories2
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Lot Size0.13 acres
WaterfrontNo
Days on Market1
Annual Taxes$8,716
CityWest Palm Beach
Zip Code33401
Tenant PaysCable TV, Electricity, Insurance, Repairs
LOCATION
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Listing courtesy of JD Bols & Associates · jdbols@sekur.com. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc.