Triplex in 638 50TH Street, West Palm Beach, FL 33407 for sale with MLS# B26067277
Rare opportunity to acquire a 3-unit multifamily property located at 638 50th Street in West Palm Beach generating $4,950 per month in rental income ($59,400 annually). Built in 1936, the property consists of two buildings totaling 2,868 gross SF on a 0.24-acre lot. The unit mix includes three 2-bedroom/1-bathroom units averaging approximately 651 rentable SF, with wood frame construction, pitched composite shingle roofs, and window-unit A/Cs. Conveniently located near I-95, Downtown West Palm Beach, Palm Beach Island, St. Mary's Medical Center, and the Northwood district. An attractive opportunity for investors seeking immediate in-place income in a growing West Palm Beach rental market.
638 50TH Street, West Palm Beach, FL 33407
Price
- Price:
- $510,000.00
- Original List Price:
- $510,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $261.27
Lease Details
- Tenant Pays:
- Electricity, Cable Tv
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Triplex
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- August 22, 2026 2:06 pm
- Other Special Conditions:
- Presently Leased
Measures
- Living Area:
- 1,952 Sqft
- Built-Up Area:
- 2,868 Sqft
- Building Area Source:
- Owner
- Living Area Source:
- Owner
- Lot Size Acres:
- 0.24
Property Features
- Waterfront:
- No
- Exterior:
- Other
- Patio and Porch:
- Porch, Porch - Screened
- Windows:
- Single Hung Metal
- Air Conditioning
- Air Conditioning System:
- Wall/window Unit(s)
- Heating
- Heating System:
- Window/wall
Construction
- Year Built:
- 1936
- Roof:
- Shingle, Composition
- Number of Units Total:
- 3
- Levels:
- One
- Construction Materials:
- Frame
- Flooring:
- Tile
- Number of stories:
- 1
- Structure Type:
- Triplex, Multi Family
- Number of Units in the Community or Building:
- 3
- Stories:
- 1
- Flood Zone Code:
- X
- Property Condition:
- Resale
Taxes and Expenses
- Tax Annual Amount:
- $6,393.65
- Tax Year:
- 2025
- Tax Assessed Value:
- $361,241.00
- Property Tax Details:
- City/County
Utilities
- Sewer:
- Public Sewer
- Utilities Available:
- Electricity Connected, Sewer Connected, Water Connected, Cable Connected
- Water Source:
- Public
Community
- Pets Allowed?:
- Yes, No Restrictions
- Subdivision Name:
- NORTH PALM BCH 4
- Senior Community:
- No
- Restrictions:
- No Restrictions
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease
Terms
- Documents Available:
- Investment Analysis
- Listing Terms Considered by Seller:
- Cash, Conventional, FHA
- Buyer Possession:
- Close Of Escrow
Zoning and Legal
- Tax Legal Description:
- NORTH PALM BEACH PL NO 4 LTS 19 TO 22 INC BLK 57
- Real Estate Folio Number (Parcel Number):
- 74434304080570190
- Zoning:
- SF7 (city)
Public Schools Assigned
- Elementary School:
- Liberty City (miami-dade)
- High School:
- Palm Beach Lakes
- Middle Or Junior School:
- John F. Kennedy (palm Beach)
Listing History
- Active on the market since:
- August 22, 2026
- Listing Agreement executed on:
- August 22, 2026
- Listing Status Last Changed On:
- August 22, 2026 2:06 pm
- Photos updated on:
- August 22, 2026 2:06 pm
- Last Modified:
- August 22, 2026 2:24 pm
Additional Information
- Courtesy of:
- Home Sold Realty LLC
- Attribution:
- Not provided
Location
- Street Name:
- 50TH
- Street Number:
- 638
- City:
- West Palm Beach
- State:
- Florida
- Zip Code:
- 33407
- County:
- Palm Beach
- Latitude:
- N26° 45' 23.6''
- Longitude:
- W81° 56' 33.3''
- Street Suffix:
- Street
Property Map
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$56,606
Median Home Value
$290,500
Median Rent
$1,551/mo
Median Age
37
Population
34,728
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