514 El Vedado, West Palm Beach, FL 33405

$699,990
Property Type: Residential Income Square Footage: 2,605 Status: Active
Current Price: $699,990 List Date: 7/28/2026 Last Modified: 10/19/2026

Overview

Description

CASH COW in the pen!!! Amazing investment opportunity able to produce over $6500 per month in gross rent, no hoa, no flood zone, located in a very desirable zone, close to top notch antiques stores, restaurants and more just a block away. With potential to become a real treasure property for the seasoned investor. Upper level property just vacant and kept vacant in case the new owner wants live there and generate rent from the other units.

Listing Details MLS# B26057249

General Property Information

Number Of Units Total
2
Property Sub Type
Duplex
Building Area Main
2605
Building Area Source
Public Records
Living Area Main
2570
Living Area Source
Public Records
Adjusted Area Main
2413
Accessibility Features YN
No
Year Built
1931
Parking Total
6
Gated Community YN
No
Lot Size Area
5350
Lot Size Acres
0.12
Senior Community YN
No
Land Lease YN
No
Recreation Lease YN
No
Stories Total
2
Stories
2
Pool Private YN
No
LP/Assessed Value
1.71

Property Features

Documents Available: Other Electric: Three Phase Exterior Features: Storage; None Fencing: Back Yard; Fenced Flooring: Ceramic Tile; Laminate; Tile; Vinyl; Wood Leasing Permitted Details: Okay To Lease Property Condition: Resale Special Listing Conditions: Standard Structure Type: Duplex Tenant Pays: Cable TV; Electricity; Water Source Of Expenses: Tax Return Construction Materials: CBS; Stucco Cooling: Ceiling Fan(s); Central Air; Wall/Window Unit(s) Heating: Central Levels: Two; Multi/Split Listing Terms: Cash; Conventional; FHA Main Living Area: Entry Level; Upstairs Other Structures: Outbuilding; Shed(s); Storage Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow; Negotiable; Subject To Tenant Rights Restrictions: No Restrictions Road Frontage Type: City Street Road Responsibility: Public Maintained Road Roof: Flat Sewer: Public Sewer Tax Information: City/County Utilities: Cable Available; Water Available Water Access: None Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only Unit 1 Appliances: Dryer; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking; Parking Space Unit 1 Rooms: Family Room; Kitchen; Laundry Room Unit 2 Appliances: Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Open Parking; Parking Space Unit 2 Rooms: Family Room; Kitchen Unit 3 Appliances: Dryer; Microwave; Range; Refrigerator; Washer Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Open Parking; Parking Space Unit 3 Rooms: Kitchen Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
719990
Negotiable Seller Concessions YN
Yes
Listing Service
Limited Service

Location and Legal

Country
United States
County Or Parish
Palm Beach
Street Number
514
Street Name
El Vedado
Municipality Type
Incorporated
Municipal Code
74
State Or Province
FL
Postal Code
33405
Postal Code +4
1956
Subdivision Name
VISTA ENCANTO ADD
Area
5430
Geographic Area
PB20
Elementary School
Belvedere
Middle Or Junior School
Conniston Community
High School
Forest Hill
Special Assessment YN
No
Parcel Number
74434333270040360
Subdivision Number
27
Zoning
SF14 (city)
Flood Zone
X
Multiple Offers Accepted
Yes

Financial Information

Master Association YN
No
Tax Annual Amount
9333.82
Tax Year
2025
Tax Assessed/SOH Value
409463
Tax Legal Description
VISTA ENCANTO LT 36 BLK 4
Assessor Market Value
493883

Status Change Information

Major Change Timestamp
2026-10-11T21:28:10Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-10-11T21:28:10Z
Status Change Date
2026-07-28

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
2
Separate Gas Meters YN
No
Separate Water Meters YN
Yes
Number Of Separate Water Meters
2

Income and Expenses

Annual Total Expense
6360.08
Gross Income
44400

Pet Details

Pet Fee YN
No

Leasing Restrictions

Leasing - Max Times Per Year
12
Leasing - Minimum Number of Days
30

Unit 1 Details

Baths Full
2
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
1280

Unit 1 Lease Description

Currently Leased YN
No
Occupant Type
Vacant

Unit 1 Parking Details

Carport YN
No
Garage YN
No

Unit 2 Details

Actual Rent
2100
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
900

Unit 2 Lease Description

Currently Leased YN
Yes
Lease Term
12 Months
Lease Expiration
2027-02-28
Occupant Type
Tenant

Unit 2 Parking Details

Carport YN
No
Garage YN
No

Unit 3 Details

Actual Rent
1600
Baths Full
Yes
Efficiency YN
Yes
Furnished
Unfurnished
Hotel Room YN
No
SqFt
600

Unit 3 Lease Description

Currently Leased YN
Yes
Lease Term
12 Months
Lease Expiration
2027-02-28
Occupant Type
Tenant

Unit 3 Parking Details

Carport YN
No
Garage YN
No

Price Calculations

Current Price To SqFt
280.15

Originating Details

Originating System Key
20260726003651947458000000
Originating System ID
M00000170
IDX
Listing Office: Cassapb Realty LLC
Source MLS Verified
Last Updated: October - 19 - 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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