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1401 Division Avenue, West Palm Beach, FL 33401 (MLS# R11123079)

1401 Division Avenue, West Palm Beach, FL 33401

New Listing
$2,500,000
Property Type: Commercial Sale Square Footage: 8,894 Status: Active
Current Price: $2,500,000 List Date: 5/05/2026 Last Modified: 5/05/2026

Overview

Description

Presenting a turnkey 13-unit multifamily property, ideally located in high-growth West Palm Beach. This asset offers a rare opportunity to acquire a fully stabilized, low-maintenance investment. The property underwent a complete renovation in 2021, featuring new mechanical systems, impact-rated windows and doors, and modern interior finishes throughout. The desirable unit mix consists of five (5) 2-bedroom/1-bath units, seven (7) 1-bedroom/1-bath units, and one (1) studio. Onsite amenities include a laundry facility and 18 dedicated parking spaces. The property is individually metered for electricity.

Listing Details MLS# R11123079

General Property Information

Property Sub Type
Multi Family
Number Of Units Total
13
Building Area Main
8894
Building Area Source
Public Records
Year Built
1913
Lot Size Area
26571.6
Lot Size Acres
0.61
Stories
2

Property Features

Documents Available: Financial Statement Electric: Separate Meters; Three Phase Flooring: Ceramic Tile Heating: Central Location of Property: City Location Sale Includes: Building; Land Tenant Pays: Cable TV; Electricity; Water Construction Materials: CBS; Stucco Cooling: Central Air Listing Terms: Cash; Conventional Roof: Tar/Gravel Security Features: Fire Alarm Sewer: Public Sewer Utilities: Cable Available Water Source: Public Showing Requirements: Call Listing Agent; Occupied; Text Listing Agent

Contract Information

Comp Sale YN
No
Original List Price
2500000

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
1401
Street Name
Division
Street Suffix
Avenue
City Name
West Palm Beach
State Or Province
FL
Postal Code
33401
Area
5420
Geographic Area
PB20
Parcel Number
74434316020340110
Zoning
MULTI-FAMILY
Directions
Palm Beach Lakes to Division north to property.
Property Description
MULTI-FAMILY 10 OR M

Financial Information

Tax Annual Amount
32795
Tax Year
2024
Tax Legal Description
FRESHWATER 11TH & 12TH AVE ADD LTS 11 TO 14 INC BLK 34

Status Change Information

Major Change Timestamp
2026-05-05T17:18:15Z
Major Change Type
Back on Market
Status Change Date
2026-05-05
Back on Market Date
2026-05-05

More Information

Building and Property Details

# Of Toilets
13
% Air Conditioned
100
Maximum Ceiling Height
13

Distance To Information

Miles to Beach
3
Miles to Expressway
2

Meter Information

Number Of Meters Total
14

Income and Expenses

Gross Income
213096
Real Estate Taxes
32795.47

Price Calculations

Current Price To SqFt
281.08

Originating Details

Originating System Key
20250911175501427257000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Separate Meters
Yes
Three Phase
Yes

Flooring

Ceramic Tile
Yes

Documents Available

Financial Statement
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Water
Yes

Location of Property

City Location
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes

Heating

Central
Yes

Sale Includes

Building
Yes
Land
Yes

Construction Materials

CBS
Yes
Stucco
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Tar/Gravel
Yes

Security Features

Fire Alarm
Yes

Water Source

Public
Yes

Cooling

Central Air
Yes

Showing Requirements

Call Listing Agent
Yes
Occupied
Yes
Text Listing Agent
Yes
IDX
Listing Office: Kanga Property Management
Last Updated: May - 05 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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