8-unit multifamily just minutes from the beach. 1 Fully updated corner unit with impact windows/doors, and central AC. 4 large 1/1s and 4 standard 1/1s. Current income: $150,600/year, NOI: $97,208, cap rate: 4.99%. Pro forma income: $209,040, NOI: $155,649, cap rate: 6.49%. 3 units vacant and Airbnb-ready; the other 5 are on annual leases. Huge upside by converting corner units to short-term rentals--conservatively projected at $30K/unit annually. Turnkey investment with strong cash flow and Airbnb potential.
For sale
$2,399,000
220 Walton Boulevard, West Palm Beach, FL 33405
1beds
4,540sqft
Est.:
Multi Family
Built in 1950
-- sqft lot
$2,473,400 Zestimate®
$528/sqft
$-- HOA
What's special
Corner unitCentral ac
- 21 days
- on Zillow |
- 470 |
- 29 |
Zillow last checked: 7 hours ago
Listing updated: June 03, 2025 at 07:53am
Listed by:
Emanuel Fleurantin 561-332-5684,
Woyce Realty Investments & Consulting Inc.
Source: BeachesMLS,MLS#: RX-11096110
Originating MLS: Beaches MLS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central
Cooling
- Central Air, Electric, A/C Unit
Appliances
- Included: Microwave, Electric Range, Range - Electric
Features
- Flooring: Tile, Vinyl
- Windows: Complete Impact Glass
Interior area
- Total structure area: 4,572
- Total interior livable area: 4,540 sqft
Video & virtual tour
Property
Parking
- Parking features: Space Parking
Features
- Stories: 1
- Exterior features: None
- Waterfront features: None
Lot
- Size: 10,100 Square Feet
- Dimensions: 100.0 ft x 101.0 ft
- Features: < 1/4 Acre
Details
- Parcel number: 74434334150000780
- Zoning: MF20(c
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- CBS
- Roof: Comp Shingle
Condition
- Resale
- New construction: No
- Year built: 1950
Utilities & green energy
- Electric: Electric Meter, Separate Electrical Meters
- Sewer: Public Sewer
- Utilities for property: Electricity Connected
Community & HOA
Community
- Features: None
- Subdivision: Estates Of South Palm Beach Add 1
HOA
- Services included: None
Location
- Region: West Palm Beach
Financial & listing details
- Price per square foot: $528/sqft
- Tax assessed value: $1,939,196
- Annual tax amount: $41,319
- Date on market: 6/3/2025
- Listing terms: Cash,Conventional
- Tenant pays: Cable TV, Electricity
- Electric utility on property: Yes
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