711 Palm Beach Lakes Boulevard
West Palm Beach, FL 33401
$569,990
Attention Investors & Cash-Flow Buyers: Discover a rare, high-yielding multi-family asset perfectly situated in the rapidly growing West Palm Beach market. This versatile three-unit triplex offers an exceptional combination of immediate rental income, substantial square footage, and major capital expenditure savings. Roof replaced 2023!Unit 1: The Main House 3 BR / 1 BA Unit 2 2BR/1BA . Unit 3 2BR/1BA . All Fully Rented. Orkin termite protection plan already in place. ***Located right on the pulse of West Palm Beach (33401), this property sits in a high-demand submarket characterized by steady historical appreciation and a robust tenant pool. With separate electric and water meters already in place, utility management is streamlined to keep your landlord operational expenses remarkably low. Don't miss out on adding this high-square-footage, low-maintenance income generator to your portfolio. *** Unit 1: Oven, Fridge, dishwasher. Central AC. YGI: $24,600. Expenses; $480 NOI: $24,120 Unit 2: Oven, Fridge. Central AC/ and Window Unit. Expenses: YGI: $18,600 $480 NOI: $18,120 Unit 3: Oven, fridge. A/C mini split w/ additional window unit. Expenses: YGI: $18,600 $480 NOI: $18,120 Lease info: Front House Lease expires 3/31/2027, Unit A Lease expires 3/31/2027, Unit B Lease expires 8/31/2027.
| List Price: | $645,000 |
|---|---|
| Close Price: | $569,990 |
| Property Type: | Residential Income |
| Status: | Closed |
| Living Area: | 1,261 |
| Tax Annual Amount: | $8,876 |
| Lot Size Acres: | 0.16 |
| Waterfront?: | No |
| Subdivision: | Freshwater 11 Th & 12 Th Ave Add |
| Year Built: | 1938 |
| Association?: | No |
| Basement Yn: | No |
| Building Area Source: | PublicRecords |
| Construction Materials: | Frame, Concrete, Stucco |
| Cooling: | Electric |
| Elementary School: | Pleasant City |
| Exterior Features: | OutdoorLivingArea, Other |
| Heating: | Electric |
| High School: | Palm Beach Lakes |
| Levels: | Two |
| Listing Contract Date: | 2026-06-24 |
| Lot Features: | LessThanQuarterAcre |
| Middle Or Junior School: | Roosevelt Community |
| MLS Area Major: | 5420 |
| Mobile Dim Units: | Feet |
| New Construction?: | No |
| Number Of Units In Community: | 3 |
| Original List Price: | $679,900 |
| Parcel Number: | 74434316020290080 |
| Parking Total: | 6 |
| Pending Timestamp: | 2026-10-10 |
| Pets Allowed: | Call, Yes |
| Possession: | CloseOfEscrow, SubjectToTenantRights |
| Postal City: | West Palm Beach |
| Property Condition: | Resale |
| Roof: | Shingle |
| Sewer: | PublicSewer |
| Special Listing Conditions: | Standard |
| Stories Total: | 1 |
| Tax Year: | 2025 |
| Buyer Agent National Association Id: | 276520803 |
| Current Price: | $569,990.00 |
| Country Subdivision: | 12099 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:12099:74434316020290080 |
| Listing Id: | B26045310 |
|---|---|
| Close Date: | 2026-10-30 |
| Property Sub Type: | Triplex |
| City: | West Palm Beach |
| County Or Parish: | Palm Beach |
| Postal Code: | 33401 |
| Number Of Units Total: | 3 |
| Accessibility Features: | None |
| Building Area Total: | 1297.0 |
| Cooling?: | Yes |
| Flooring: | Other |
| Heating?: | Yes |
| Laundry Features: | Other |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Terms: | Cash, Conventional, Exchange1031 |
| Living Area Source: | PublicRecords |
| Lot Size Area: | 6970.0 |
| MLS Area Minor: | Pb20 |
| Number Of Separate Electric Meters: | 3 |
| Patio And Porch Features: | Patio |
| Pool Private?: | No |
| Postal Code Plus4: | 2837 |
| Public Survey Township: | 74 |
| Senior Community?: | No |
| State Or Province: | FL |
| Stories: | 2 |
| Tax Assessed Value: | $392,546 |
| Tenant Pays: | CableTv, Electricity, Insurance, Sewer, Water |
| Utilities: | CableAvailable, ElectricityNotAvailable |
| Water Source: | Public |
| Zoning: | POR (city) |
| Property Sub Type Additional: | Triplex |
| Buyer Office National Association Id: | 276509178 |
| Estimated Close Date: | 2026-11-30 |
| List Office National Association Id: | 276530210 |
| Pets Allowed Yn: | Yes |
| Record Signature: | 1,849,817,350 |
Listing Courtesy of: Choice Plus Real Estate
Listing Agent: Kimberly Castellotti
561-628-4663
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 BeachesMLS, Inc. All rights reserved.
BeachesMLS data last updated on November 02, 2026 02:24 AM - ET
Property Last Updated: November 02, 2026 02:24 AM - ET








