527 48th Street, West Palm Beach FL 33407

For sale Days on market 87

$760,000

$367/sq ft

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Overview

Year Built

1954

Sqft

2072

Property Type

Quadruplex

Property Description

This 4-unit property, constructed in 1954 with concrete block construction, offers a total of 2,387 square feet on a 0.14-acre lot. The unit mix consists of one two-bedroom/one-bathroom unit and three one-bedroom/one-bathroom units, providing an attractive configuration for a diverse tenant base. Northwood Villas is strategically located east of Broadway in a rapidly evolving submarket of West Palm Beach. The property stands to benefit significantly from the ongoing revitalization of the surrounding area, including transformative developments within the nearby Currie Mixed-Use District (CMUD). The CMUD is a compact, pedestrian-oriented, mixed-use district located between Currie Park to the east and the Northwood business district, designed to encourage development around Currie Park and the waterfront north of downtown. Notably, a high-end condominium project designed by Herzog & de Meuron is planned across from Currie Park at 2175 North Flagler Drive, approximately 1.5 miles south of the property. Additionally, the property is within close proximity to Downtown West Palm Beach, The Square, and the Flagler Financial District, offering tenants unparalleled access to premier dining, shopping, entertainment, and employment opportunities. The property's strategic location also provides convenient access to the Brightline West Palm Beach Station, located at 501 Evernia Street, approximately 3 miles south, connecting residents to Fort Lauderdale, Miami, and Orlando via high-speed rail.

Property Details

MLS#

B26010826

Total Floor in Bldg

Address

527 48th

City

West Palm Beach

State/county

Zip/Postal Code

33407

Area

North Palm Bch 1

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$9,631

Maint Fee

$--

Tax Year

2025

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