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Pending
  • $735,000

    527 48th Street, West Palm Beach, FL 33407

    5beds
    2,072sqft
    : 
    Multi Family
    Built in 1954
    -- sqft lot
    $686,300 Zestimate®
    $355/sqft
    $-- HOA

    What's special

    Northwood Villas, a well-positioned multifamily investment opportunity located in West Palm Beach, Florida. This 4-unit property, constructed in 1954 with concrete block construction, offers a total of 2,387 square feet on a 0.14-acre lot. The unit mix consists of one two-bedroom/one-bathroom unit and three one-bedroom/one-bathroom units, providing an attractive configuration for a diverse tenant base.Northwood Villas is strategically located east of Broadway in a rapidly evolving submarket of West Palm Beach. The property stands to benefit significantly from the ongoing revitalization of the surrounding area, including transformative developments within the nearby Currie Mixed-Use District (CMUD). Additionally, the property is within close proximity to Downtown West Palm Beach, The Square, and the Flagler Financial District, offering tenants unparalleled access to premier dining, shopping, entertainment, and employment opportunities. The property's strategic location also provides convenient access to the Brightline West Palm Beach Station, located at 501 Evernia Street, approximately 3 miles south, connecting residents to Fort Lauderdale, Miami, and Orlando via high-speed rail. Northwood Villas presents a compelling investment opportunity, offering investors the potential for both stable income and long-term appreciation. The property's location within a burgeoning market, combined with its solid construction and adaptable unit mix, positions it well to capitalize on the continued growth and development of the Northwood area and the broader West Palm Beach market.
    93 days
    on Zillow
    |
    23
    |
    0
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 30, 2025 at 02:49pm

    Listed by:

    Cliff Glansen 954-965-3990,

    FlatFee.com

    Source: BeachesMLS,MLS#: RX-11082292MLS LogoOriginating MLS: Beaches MLS
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Central
    Cooling
    • Central Air, A/C Unit
    Appliances
    • Included: Electric Range, Refrigerator, Range - Electric
    Features
    • Kitchen
    • Flooring: Tile
    Interior area
    • Total structure area: 2,387
    • Total interior livable area: 2,072 sqft
    Video & virtual tour

    Property

    Parking
    • Parking features: Open, Open Parking
    • Has uncovered spaces: Yes
    Features
    • Stories: 1
    • Exterior features: None
    • Waterfront features: None
    Lot
    • Size: 5,886 Square Feet
    • Features: < 1/4 Acre
    Details
    • Parcel number: 74434304040210230
    • Zoning: SF7(ci

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Block, Concrete
    • Roof: Comp Shingle
    Condition
    • Resale
    • New construction: No
    • Year built: 1954

    Utilities & green energy

    • Electric: Separate Electrical Meters
    • Sewer: Public Sewer
    • Water: Public, Separate Water Meters
    • Utilities for property: Electricity Connected

    Community & HOA

    Community
    • Features: None
    • Subdivision: North Palm Bch 1
    Location
    • Region: West Palm Beach

    Financial & listing details

    • Price per square foot: $355/sqft
    • Tax assessed value: $489,053
    • Annual tax amount: $9,269
    • Date on market: 4/17/2025
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity
    • Electric utility on property: Yes
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