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516 Park Place, West Palm Beach, FL 33401 (MLS# A11129475)

516 Park Place, West Palm Beach, FL 33401

$741,000
Property Type: Residential Income Square Footage: 4,283 Status: Closed
Current Price: $741,000 List Date: 11/26/2021 Last Modified: 8/11/2026

Overview

Description

Don't miss this incredible opportunity! This legal FOURPLEX with its inviting courtyard feel is situated in the much sought after HISTORIC FLAMINGO PARK location! EACH UNIT has its own SEPARATE ELECTRIC METER! This freshly painted fourplex consists of TWO INDEPENDENT BUILDINGS on the same lot! The FRONT 2 story building consists of TWO separate 1,200 sq ft 2 bed/1 bath units, the REAR 2 story building consists of a THIRD 2 bed/1 bath 704 sq ft unit upstairs and ONE 1 bed/1 bath 704 sq ft unit downstairs, with onsite laundry room! Ideally located just a few minutes from downtown and the famous CITY PLACE and yet just a few short blocks to the BEACH! This is an unbelievable opportunity for the right buyer/investor who can truly appreciate the various options that this unique property offers!

Listing Details MLS# A11129475

General Property Information

Number Of Units Total
4
Property Sub Type
Quadruplex
Building Area Main
4283
Living Area Main
3808
Adjusted Area Main
4000
Year Built
1925
Parking Total
2
Lot Size Dimensions
6300
Stories Total
2
Pool Private YN
No

Property Features

Documents Available: Copy Of Lease(s) Electric: Circuit Breakers Flooring: Carpet; Tile; Wood Property Condition: Resale Structure Type: Multi Family Construction Materials: Frame; Stucco Cooling: Wall/Window Unit(s) Heating: Separate Meters; Window/Wall Laundry Features: Outside Listing Terms: Cash; Conventional Possession: Negotiable Roof: Flat; Shingle; Tar/Gravel Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Available Water Source: Public Showing Requirements: 24 Hour Notice; Listing Agent Must Accompany Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 1 Rooms: Family Room; Florida Room; Kitchen Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: On Street Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: On Street Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: On Street Contingencies: Inspection

Contract Information

Comp Sale YN
No
Original List Price
599900

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
516
Street Name
Park
Street Suffix
Place
City Name
West Palm Beach
Municipal Code
74
State Or Province
FL
Postal Code
33401
Postal Code +4
7251
Postal Zip
33401
Subdivision Name
FLAMINGO PARK
Development Name
FLAMINGO PARK
Area
5430
Geographic Area
PB25
Parcel Number
74434328060020030
Subdivision Number
6
Zoning
SF14 (ci
Flood Zone
X
Directions
Take I-95 to Okeechobee Blvd, head east to Parker Avenue, go South to Park Place, head East just past Florida Avenue and property is on right hand side of street on Park Place.

Financial Information

Tax Annual Amount
10475
Tax Year
2021
Tax Legal Description
FLAMINGO PARK LT 3 BLK 2

Status Change Information

Major Change Timestamp
2022-01-12T18:33:32Z
Major Change Type
Status Change
Status Change Date
2022-01-12
Under Contract Date
2021-12-03
Close Date
2022-01-12
Close Price
741000
Buyer Financing
Cash

More Information

Meter Information

Separate Electric Meters YN
Yes

Income and Expenses

Gross Income
4350

Unit 1 Details

Actual Rent
1300
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
SqFt
1200

Unit 1 Lease Description

Currently Leased YN
Yes

Unit 2 Details

Actual Rent
1300
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
SqFt
1200

Unit 2 Lease Description

Occupant Type
Vacant

Unit 3 Details

Actual Rent
1000
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
SqFt
704

Unit 3 Lease Description

Currently Leased YN
Yes

Unit 4 Details

Actual Rent
750
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
SqFt
704

Unit 4 Lease Description

Occupant Type
Vacant

Buyer Details

Intended Use
Unknown/Withheld
Buyer State
Florida
Zip Code
33401

Concessions

Seller Concessions
No

Price Calculations

Current Price To SqFt
194.59

Section Details

Parcel Number MLX
0030

Originating Details

Originating System Key
364591147
Originating System ID
M00000151

Office/Member Information

DXORIGMLSID
SEF

Electric

Circuit Breakers
Yes

Flooring

Carpet
Yes
Tile
Yes
Wood
Yes

Property Condition

Resale
Yes

Documents Available

Copy Of Lease(s)
Yes

Structure Type

Multi Family
Yes

Possession

Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes

Heating

Separate Meters
Yes
Window/Wall
Yes

Construction Materials

Frame
Yes
Stucco
Yes

Laundry Features

Outside
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Flat
Yes
Shingle
Yes
Tar/Gravel
Yes

Water Source

Public
Yes

Cooling

Wall/Window Unit(s)
Yes

Showing Requirements

24 Hour Notice
Yes
Listing Agent Must Accompany
Yes

Tax Information

Tax Reflects No Exemptions
Yes

Contingencies

Inspection
Yes

Unit 1 Appliances

Dishwasher
Yes
Range
Yes
Refrigerator
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes

Unit 1 Parking Features

Parking Space
Yes

Unit 1 Rooms

Family Room
Yes
Florida Room
Yes
Kitchen
Yes

Unit 2 Appliances

Dishwasher
Yes
Range
Yes
Refrigerator
Yes

Unit 2 Other Equipment

Air Conditioning Unit
Yes

Unit 2 Parking Features

On Street
Yes

Unit 3 Appliances

Range
Yes
Refrigerator
Yes

Unit 3 Other Equipment

Air Conditioning Unit
Yes

Unit 3 Parking Features

On Street
Yes

Unit 4 Appliances

Range
Yes
Refrigerator
Yes

Unit 4 Other Equipment

Air Conditioning Unit
Yes

Unit 4 Parking Features

On Street
Yes
IDX
Listing Office: Keller Williams Legacy
Last Updated: August - 11 - 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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