1401 Division Avenue, West Palm Beach, FL 33401
$2,500,000
Property Type:
Commercial Sale
Square Footage:
8,894
Lot Size (sq. ft.):
26,572
Status:
Active
Current Price:
$2,500,000
List Date:
9/11/2025
Last Modified:
3/02/2026
Description
Presenting a turnkey 13-unit multifamily property, ideally located in high-growth West Palm Beach. This asset offers a rare opportunity to acquire a fully stabilized, low-maintenance investment.
The property underwent a complete renovation in 2021, featuring new mechanical systems, impact-rated windows and doors, and modern interior finishes throughout. The desirable unit mix consists of five (5) 2-bedroom/1-bath units, seven (7) 1-bedroom/1-bath units, and one (1) studio.
Onsite amenities include a laundry facility and 18 dedicated parking spaces. The property is individually metered for electricity.
More Information MLS# R11123079
Contract Information
Comp Sale YN: No
Listing Contract Date: 2025-09-11
Status: Active
Original List Price: 2500000
List Price: $2,500,000
Current Price: $2,500,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: West Palm Beach
Postal Code: 33401
Geographic Area: PB20
Property Description: MULTI-FAMILY 10 OR M
Country: United States
Street Number: 1401
Street Name: Division
Street Suffix: Avenue
State Or Province: FL
Area: 5420
Parcel Number: 74434316020340110
Zoning: MULTI-FAMILY
Directions: Palm Beach Lakes to Division north to property.
General Property Information
Lot Size Area: 26571.6
Stories: 2
Property Sub Type: Multi Family
Building Area Main: 8894
Building Area Source: Public Records
Year Built: 1913
Lot Size Acres: 0.61
Currently Not Used
Number Of Units Total: 13
Office/Member Information
DXORIGMLSID: RML
Electric
Separate Meters: 1
Three Phase: 1
Flooring
Ceramic Tile: 1
Documents Available
Financial Statement: 1
Meter Information
Number Of Meters Total: 14
Tenant Pays
Cable TV: 1
Electricity: 1
Water: 1
Location of Property
City Location: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Building and Property Details
# Of Toilets: 13
% Air Conditioned: 100
Maximum Ceiling Height: 13
Distance To Information
Miles to Beach: 3
Miles to Expressway: 2
Heating
Central: 1
Sale Includes
Building: 1
Land: 1
Construction Materials
CBS: 1
Stucco: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Tar/Gravel: 1
Security Features
Fire Alarm: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 213096
Real Estate Taxes: 32795.47
Cooling
Central Air: 1
Showing Requirements
Call Listing Agent: 1
Occupied: 1
Text Listing Agent: 1
Price Calculations
Current Price To SqFt: 281.08
Financial Information
Tax Annual Amount: 32795
Tax Year: 2024
Tax Legal Description: FRESHWATER 11TH & 12TH AVE ADD LTS 11 TO 14 INC BLK 34
Status Change Information
Major Change Timestamp: 2025-09-11T19:01:29Z
Major Change Type: New Listing
Status Change Date: 2025-09-11
Originating Details
Originating System Key: 20250911175501427257000000
Originating System ID: M00000170
Property Features
Documents Available: Financial Statement
Electric: Separate Meters; Three Phase
Flooring: Ceramic Tile
Heating: Central
Location of Property: City Location
Sale Includes: Building; Land
Tenant Pays: Cable TV; Electricity; Water
Construction Materials: CBS; Stucco
Cooling: Central Air
Listing Terms: Cash; Conventional
Roof: Tar/Gravel
Security Features: Fire Alarm
Sewer: Public Sewer
Utilities: Cable Available
Water Source: Public
Showing Requirements: Call Listing Agent; Occupied; Text Listing Agent
Listing Office:
Kanga Property Management
Last Updated: March - 02 - 2026
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