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940 Charles St West Palm Beach, FL 33401

2,418 SqFt

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,418 sqft

Price per Sqft $434

Subdivision Belle Vue Add To Wpb

MLS Listing ID A11996590

HOA Y/N No

Year Built 1950

Annual Tax Amount $14,842

Tax Year 2025

Property Sub-Type Triplex

Property Description

Rare income-producing triplex in the highly sought-after Pineapple Park neighborhood of West Palm Beach. Situated on an oversized 9,647 SF lot just minutes from Downtown West Palm Beach, CityPlace, the Brightline station, and Palm Beach Island, this property offers a turnkey investment opportunity in one of South Florida's fastest-growing markets.
The front CBS duplex features two beautifully renovated short-term rental units with updated kitchens, modern finishes, private entrances, and furnishings included for immediate operation. Despite a three-month vacancy in 2025 during a unit conversion and introductory pricing, the duplex achieved 73-75% occupancy and generated over $77,000 in short-term rental revenue.
The rear 2BD/1BA single-family home sits on its own driveway with a private entrance and single family feel, providing additional income and flexibility for investors seeking diversified revenue streams or an owner-operator looking to offset expenses.
In total, the property generated over $102,000 in gross income in 2025, with potential for up to 30% additional upside through occupancy optimization and unit repositioning.
All three units feature independent entrances and ample off-street parking. With established income history, turnkey condition, and proximity to West Palm Beach's strongest lifestyle and employment centers, this property presents an exceptional investment opportunity with immediate cash flow and meaningful upside potential.

Location

State FL

County Palm Beach

Community Belle Vue Add To Wpb

Area 5430

Direction From I-95, exit Okeechobee Blvd east. Turn south on Dixie Hwy, then east on Charles St. Property will be on the right.

Interior

Heating Central

Cooling Central Air, Other, Wall/Window Unit(s)

Flooring Tile

Exterior

Pool None

Utilities Available Cable Available

Roof Type Flat,Shingle

Total Parking Spaces 4

Private Pool No

Building

Lot Description < 1/4 Acre

Story 2

Sewer Public Sewer

Level or Stories Two

Structure Type Block,Frame

Others

Tax ID 74434328150050120

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11996590

Miami Association of Realtors (SEFMIAMI MLS)

Listed by BAWONS Properties, Inc

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