5015 N FLAGLER Drive, West Palm Beach, FL 33407

$2,749,000
Property Type: Residential Income Square Footage: 4,862 Status: Active
Current Price: $2,749,000 List Date: 10/08/2026 Last Modified: 10/08/2026

Overview

Description

Prime Location on North Flagler Drive, directly across the street from a City Park directly on the Intracoastal Waterway. All 4 units have Park views and partial water views thru the Park. New Luxury construction projects including Alba, Icon, Mandarin Oriental, and others to expand Billionaire's row along North Flagler Drive. Easy walking distance to La Marina Restaurant, Rybovich Megayacht marina, Currie Park, Downtown WPB, and Palm Beach Island. The land is approximately 80' of frontage on Flager and 125' Deep. Concrete Block Construction, All units are 2 bedroom with 1.5 bathrooms and 4 Laundry Rooms. Each unit has a Park facing Patio. Roof & Impact Windows from 2015, New Electric Service, Tankless WH's, Newer Central AC, 8 parking spots.

Supplements: Seller Financing Available with 35% Down Payment subject to review of Buyer financials. Corporate Tenant in place thru 09/2027 that occupies all 4 units, $10,400 monthly income.

Listing Details MLS# B26085831

General Property Information

Number Of Units Total
4
Property Sub Type
Quadruplex
Building Area Main
4862
Building Area Source
Assessor
Living Area Main
4264
Living Area Source
Assessor
Adjusted Area Main
4151
Accessibility Features YN
No
Year Built
1978
Parking Total
8
Gated Community YN
No
Lot Size Area
9612
Lot Size Acres
0.22
Lot Size Dimensions
80 x 125
Senior Community YN
No
Land Lease YN
No
Recreation Lease YN
No
Outdoor Living Spaces YN
Yes
Stories Total
2
Stories
2
Pool Private YN
No
Spa YN
No
LP/Assessed Value
3.39

Property Features

Documents Available: Accounting Statements; Copy Of Lease(s); Deposit - Security; Existing Survey Electric: 150 Amp Service; Circuit Breakers Exterior Features: Awning(s) Fencing: Wood Flooring: Tile Foundation Details: Slab Leasing Permitted Details: Okay To Lease; Okay To Lease With Restrictions Property Condition: Resale; Updated/Remodeled Special Listing Conditions: Standard Structure Type: Quadruplex Tenant Pays: Cable TV; Electricity; Repairs Source Of Expenses: Books; Owner Provided Construction Materials: Block; CBS; Concrete Cooling: Central Air Heating: Central; Central Individual; Electric Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; In Unit Levels: One; Two Listing Terms: 1031 Exchange; Owner May Carry; Private Financing Available Lot Features: Sidewalks Main Living Area: Entry Level Pets Allowed YN: No Possession: Subject To Tenant Rights Restrictions: Lease Restrictions; See Remarks Road Frontage Type: City Street; East of US-1; See Remarks Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Shingle Sewer: Public Sewer Special Information: Presently Leased; Property Survey Available Sprinkler Description: Auto Sprinkler; Well Sprinkler Storm Protection Details: Curr Owner Wind Mitig Cert Avail Tax Information: City/County; Tax Reflects No Exemptions Utilities: Cable Available; Electricity Available; Natural Gas Connected; Water Connected Water Source: Public Water View: Intracoastal Window Features: Insulated Windows; Other Showing Requirements: Call Listing Agent; No Sign; Text Listing Agent Outdoor Living Spaces: Patio Patio Details: Patio - Covered; Patio - Open Unit 1 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 1 Parking Features: Open Parking; Parking Space Unit 1 Rooms: Kitchen; Laundry Room Unit 2 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Washer/Dryer Hookups Unit 2 Parking Features: Open Parking; Parking Space Unit 2 Rooms: Kitchen; Laundry Room Unit 3 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 3 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Washer/Dryer Hookups Unit 3 Parking Features: Open Parking; Parking Space Unit 3 Rooms: Kitchen; Laundry Room Unit 4 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 4 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 4 Parking Features: Open Parking; Parking Space Unit 4 Rooms: Kitchen; Laundry Room Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
2749000
Negotiable Seller Concessions YN
Yes
Listing Service
Full Service
Seller Represented YN
Yes

Location and Legal

Country
United States
County Or Parish
Palm Beach
Street Number
5015
Street Direction Prefix
N
Street Name
FLAGLER
Street Suffix
Drive
Municipality Type
Incorporated
Municipal Code
74
State Or Province
FL
Postal Code
33407
Postal Code +4
2853
Subdivision Name
NORTH PALM BCH 1
Area
5420
Geographic Area
PB20
Elementary School
Northmore
Middle Or Junior School
John F. Kennedy (Palm Beach)
High School
Palm Beach Lakes
Special Assessment YN
No
Parcel Number
74434304040030010
Subdivision Number
4
Zoning
SF7 (city)
Flood Zone
AE,X
Directions
On North Flagler Drive, property is between 49 & 50th Streets
Multiple Offers Accepted
Yes

Financial Information

Master Association YN
No
Tax Annual Amount
17509.01
Tax Year
2025
Tax Assessed/SOH Value
811278
Tax Legal Description
NORTH PALM BEACH PL 1 LT 1 BLK 3 & NORTH PALM BEACH PL 3 PB6P39
Assessor Market Value
811278

Status Change Information

Major Change Timestamp
2026-10-08T15:42:10Z
Major Change Type
New Listing
Status Change Date
2026-10-08

More Information

Co-Ownership

Property Management YN
No

Leasing Permitted Details

Leasing Permitted YN
Yes

Meter Information

Separate Electric Meters YN
Yes
Number Of Separate Electric Meters
5
Separate Gas Meters YN
Yes
Number Of Separate Gas Meters
4
Separate Water Meters YN
No
Number Of Meters Total
Yes

Income and Expenses

Annual Total Expense
35000
Gross Income
124800
Net Operating Income
89800

Boat and Dock Information

Dock
No

Qualifying Requirements

Minimum % Down
35
Minimum % Down Required By
Seller
Minimum Credit Score YN
Yes
Minimum Credit Score
720

Leasing Restrictions

Leasing - Max Times Per Year
Yes
Leasing - Minimum Number of Days
Yes

Storm Protection

Impact Glass
Complete

Unit 1 Details

Actual Rent
2600
Baths Full
Yes
Baths Half
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
1037

Unit 1 Lease Description

Currently Leased YN
Yes
Lease Term
Other
Lease Expiration
2027-09-30
Occupant Type
Tenant

Unit 1 Parking Details

Carport YN
No
Garage YN
No

Unit 2 Details

Actual Rent
2600
Baths Full
Yes
Baths Half
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
1037

Unit 2 Lease Description

Currently Leased YN
Yes
Lease Term
Other
Lease Expiration
2027-09-30
Occupant Type
Tenant

Unit 2 Parking Details

Carport YN
No
Garage YN
No

Unit 3 Details

Actual Rent
2600
Baths Full
Yes
Baths Half
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
1037

Unit 3 Lease Description

Currently Leased YN
Yes
Lease Term
Other
Lease Expiration
2027-09-30
Occupant Type
Tenant

Unit 3 Parking Details

Carport YN
No
Garage YN
No

Unit 4 Details

Actual Rent
2600
Baths Full
Yes
Baths Half
Yes
Efficiency YN
No
Furnished
Unfurnished

Unit 4 Lease Description

Currently Leased YN
Yes
Lease Term
Other
Lease Expiration
2027-09-30
Occupant Type
Tenant

Unit 4 Parking Details

Carport YN
No
Garage YN
No

Price Calculations

Current Price To SqFt
644.69

Originating Details

Originating System Key
20261008142822276210000000
Originating System ID
M00000170

Documents

IDX
Listing Office: Richard Attenberg RE LLC
Source MLS Verified
Last Updated: October - 08 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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