1883 Smith Drive, North Palm Beach, FL 33408

$727,500

Virtual Tour

https://www.propertypanorama.com/1883-Smith-Drive-North-Palm-Beach-FL-33408/unbranded

Property Type: Residential Income Square Footage: 1,848 Status: Active

Current Price: $727,500 List Date: 10/08/2025 Last Modified: 4/17/2026

Overview

Description

North Palm Beach Investment Opportunity. Turnkey income-producing 4-unit multifamily property featuring three studio apartments and one 1-bedroom unit in a highly desirable North Palm Beach location. Short distance to Palm Beach State College, shopping, dining, and the beach, ensuring strong rental demand year-round. Built with durable CBS construction, this property offers separate FPL meters, well water (no water bills), and a shared laundry room for tenant convenience. Units rent quickly and consistently, making this a solid cash-flowing asset. Ideal for investors seeking steady returns or an owner-occupant looking to live in one unit while renting the others. Don't miss this opportunity to own a reliable, low-maintenance property in one of Palm Beach County's best rental markets.

Listing Details MLS# R11130701

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 1848
Building Area Source: Public Records
Living Area Main: 1528
Year Built: 1958
Gated Community YN: No
Lot Size Area: 7320
Lot Size Acres: 0.17
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories: Yes
Pool Private YN: No

Property Features

Documents Available: Other Electric: Three Phase Fencing: Fenced Flooring: Vinyl; Other Property Condition: Resale Structure Type: Quadruplex Tenant Pays: Cable TV; Electricity Source Of Expenses: Owner Provided Construction Materials: CBS Cooling: Wall/Window Unit(s) Heating: Electric Laundry Features: Outside; Washer Hookup; Dryer Hookup Listing Terms: Cash; Conventional; VA Loan Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: East of US-1; Public Road Roof: Composition Sewer: Public Sewer Storm Protection Details: None Tax Information: City/County Utilities: Cable Available; Sewer Available; Water Available View: Garden Water Access: None Water Source: Well Showing Requirements: Text Listing Agent Outdoor Living Spaces: Porch Porch Details: Porch - Open Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Open Parking Unit 3 Parking Features: Open Parking Unit 4 Parking Features: Open Parking Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 999000
Negotiable Seller Concessions YN: Yes

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 1883
Street Name: Smith
Street Suffix: Drive
City Name: North Palm Beach
State Or Province: FL
Postal Code: 33408
Postal Zip: 33408
Subdivision Name: SMITH ARTHUR M AND EMMA D SUB
Area: 5220
Geographic Area: PB28
Special Assessment YN: No
Parcel Number: 00434204010000170
Zoning: RH
Multiple Offers Accepted: Yes

Financial Information

Tax Annual Amount: 8300.09
Tax Year: 2024
Tax Legal Description: ARTHUR M & EMMA D SMITH LT 17 & N 15 FT OF SMITH DR LYG S OF & ADJ TO

Status Change Information

Major Change Timestamp: 2026-03-16T13:54:06Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-03-16T13:54:06Z
Status Change Date: 2025-10-08

More Information

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Annual Total Expense: 16000
Gross Income: 66000
Net Operating Income: 50000

Showing Details

Pet(s) on Premises: Yes

Unit 1 Details

Actual Rent: 1600
Baths Full: Yes
Furnished: Unfurnished
SqFt: 500

Unit 2 Details

Actual Rent: 1300
Baths Full: Yes
Efficiency YN: Yes
Furnished: Unfurnished
SqFt: 400

Unit 3 Details

Actual Rent: 1300
Baths Full: Yes
Efficiency YN: Yes
Furnished: Unfurnished
SqFt: 400

Unit 4 Details

Actual Rent: 1300
Baths Full: Yes
Efficiency YN: Yes
Furnished: Unfurnished
SqFt: 400

Price Calculations

Current Price To SqFt: 516.36

Originating Details

Originating System Key: 20251007214930985356000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Electric

Three Phase: Yes

Flooring

Vinyl: Yes
Other: Yes

Property Condition

Resale: Yes

Documents Available

Other: Yes

Fencing

Fenced: Yes

Structure Type

Quadruplex: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Sewer Available: Yes
Water Available: Yes

View

Garden: Yes

Heating

Electric: Yes

Water Access

None: Yes

Construction Materials

CBS: Yes

Laundry Features

Outside: Yes
Washer Hookup: Yes
Dryer Hookup: Yes

Listing Terms

Cash: Yes
Conventional: Yes
VA Loan: Yes

Road Frontage Type

East of US-1: Yes
Public Road: Yes

Roof

Composition: Yes

Water Source

Well: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Electric: Yes
Wall/Window Unit(s): Yes

Showing Requirements

Text Listing Agent: Yes

Restrictions

No Restrictions: Yes

Storm Protection Details

None: Yes

Tax Information

City/County: Yes

Outdoor Living Spaces

Porch: Yes

Porch Details

Porch - Open: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

Open Parking: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

Open Parking: Yes

Unit 3 Parking Features

Open Parking: Yes

Unit 4 Parking Features

Open Parking: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes

Documents

Survey ›

Listing Office: Douglas Elliman Jupiter

Last Updated: April - 17 - 2026

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1883 Smith Drive, North Palm Beach, FL 33408 (MLS# R11130701)