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.
Pending
$735,000
527 48th Street, West Palm Beach, FL 33407
5beds
2,072sqft
Est.:
Multi Family
Built in 1954
-- sqft lot
$686,300 Zestimate®
$355/sqft
$-- HOA
What's special
- 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-11082292
Originating MLS: Beaches MLS

Travel times
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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