Skip main navigation
For sale
  • Price cut: $20K (5/1)
    $400,000

    540 W 1st Street, Riviera Beach, FL 33404

    3beds
    1,240sqft
    : 
    Duplex
    Built in 1959
    -- sqft lot
    $393,900 Zestimate®
    $323/sqft
    $-- HOA

    What's special

    **Excellent Investment Opportunity!** Discover this income-generating property featuring **two separate buildings** Prime location with tremendous growth potential: - **Front Building:** 2 bed, 1 bath, currently vacant but rents at $1,900 per month. . **New A/C and ducts installed in October 2024.** - **Rear Building:1 bed, 1 bath, rented at $1,400/month until **June 2025**. Both buildings are freshly painted, with roofs in great condition. **Roofs were replaced in 2014 and 2017.** **Market Rent Potential:** - 2 bed, 1 bath: **$2,000/month** - 1 bed, 1 bath: **$1,600/month** Located just steps from a **public marina and boat ramp** across from Peanut Island, this property is in a high-demand area. The proximity to the **Port of Palm Beach, with its planned expansion to accommodate more cruise ships, ensures increased desirability. Neighborhood Highlights: 60 new townhomes under construction nearby. The city's "Reimagine Riviera Beach" project will bring new amenities, including a city hall, recreation centers, and a public library, transforming 80 acres close to this property. This is your chance to secure a turnkey investment in a rapidly appreciating area with low maintenance and high growth potential! Don't miss out!
    29 days
    on Zillow
    |
    1,009
    |
    67
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 01, 2025 at 03:50pm

    Listed by:

    Michael Johnston 561-577-0398,

    The Keyes Company,

    Maby Cuevas 786-251-8462,

    The Keyes Company

    Source: BeachesMLS,MLS#: RX-11086710MLS LogoOriginating MLS: Beaches MLS
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 540 W 1st Street.

    Next available tour time:Today at 3:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Electric
    Cooling
    • Ceiling Fan(s), Wall/Window Unit(s), A/C Unit
    Features
    • Flooring: Ceramic Tile
    Interior area
    • Total structure area: 1,338
    • Total interior livable area: 1,240 sqft
    Video & virtual tour

    Property

    Parking
    • Parking features: Space Parking
    Features
    • Stories: 1
    • Exterior features: None
    • Waterfront features: None
    Lot
    • Size: 5,034 Square Feet
    • Features: < 1/4 Acre
    Details
    • Parcel number: 56434233110002160
    • Zoning: RS-8(c

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    • Attached to another structure: Yes
    Materials
    • CBS
    • Roof: Comp Shingle
    Condition
    • Resale
    • New construction: No
    • Year built: 1959

    Utilities & green energy

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

    Community & HOA

    Community
    • Features: None
    • Subdivision: Riviera Beach Heights Add 4
    HOA
    • Has HOA: No
    Location
    • Region: Riviera Beach

    Financial & listing details

    • Price per square foot: $323/sqft
    • Tax assessed value: $174,201
    • Annual tax amount: $3,891
    • Date on market: 5/1/2025
    • Listing terms: Cash,Conventional,FHA
    • Tenant pays: Cable TV, Electricity
    • Electric utility on property: Yes
    • Loading
    • Loading