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1845 N Congress Ave
West Palm Beach, FL 33401 West Palm Beach

$8,685,000 USD

Multifamily For Sale • 47,096 SF

Property Details

Property Type Multifamily
Total Building Size 47,096 SF
Year Built 1979
Cap Rate 6.52 %

27 Transit Score

58 Walk Score

                
                    Highlights
                
                                Excellent unit type for the market
                            
                                Private balconies, assigned parking, and on-site amenities
                            
                                Association maintains appropriate reserves
                            
                                Ownership of these units offers significant oversight over community rules and regulations

Financial Summary (Actual)

Net Operating Income: $566,000 USD (2025)

Cap Rate:

6.52 %

Amenities

Cable Ready
Microwave
Picnic Area
Playground
Pool
Storage Space
Washer/Dryer
Ceiling Fans
Tile Floors
Oven
Carpet
Patio
Porch
Large Bedrooms

Public Transportation

Commuter Rail	Drive	Walk	Distance
West Palm Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	5 min	-	2.8 mi
Mangonia Park (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	9 min	-	3.8 mi
Airport	Drive	Walk	Distance
Palm Beach International	12 min	-	6.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	50
Type:	Surface
Included in Rent:	Yes

Martin Goldstein 561-310-0935 The Goldstein Group (MRG Associates, LLC)

1845 N Congress Ave West Palm Beach, FL 33401 West Palm Beach