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821 3rd Street A, West Palm Beach, FL 33401 (MLS# R10122219)

821 3rd Street A, West Palm Beach, FL 33401

$545,000
Property Type: Commercial Sale Square Footage: 6,016 Status: Closed
Current Price: $545,000 List Date: 3/25/2015 Last Modified: 5/25/2026

Overview

Description

Pride in ownership and a warm sense of community complement this well placed investment opportunity.It is fully leased with a loyal tenancy. This 8 unit Multi-family property offers any inclined party a reliable cash flow and tremendous upside. With it's location offering easy access to Tri-Rail and City Place in West Palm Beach it stands visibly in the path of progress.

Listing Details MLS# R10122219

General Property Information

Property Sub Type
Multi Family
Number Of Units Total
8
Building Area Main
6016
Building Area Source
Public Records
Year Built
1965
Lot Size Area
13068
Lot Size Acres
0.3
Stories
2

Property Features

Building Features: Free Standing Business Type: Commercial Ceiling: Plastered Documents Available: Books & Records; Copy Of Lease(s) Electric: Separate Meters Flooring: Carpet; Terrazzo; Vinyl Heating: Central; Electric Location of Property: City Location; County Location Possession: Close Of Escrow Sale Includes: Building; Fixtures; Land; Machinery; Trade Name Special Licenses: Occupational Source Of Expenses: Owner Provided Tenant Pays: Cable TV; Electricity; Water Construction Materials: CBS Cooling: Central Individual Listing Terms: Cash; Conventional; Owner May Carry Lot Features: Landscaped Roof: Composition Security Features: Smoke Detector(s) Sewer: Public Sewer Special Information: Title Insurance Policy Available Utilities: Cable Available Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Occupied Contingencies: 3rd Party Approval

Contract Information

Comp Sale YN
No
Original List Price
659000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
821
Street Name
3rd
Street Suffix
Street
Unit Number
A
City Name
West Palm Beach
State Or Province
FL
Postal Code
33401
Area
5420
Geographic Area
PB20
Parcel Number
74434321060240080
Multiple Offers Accepted
Yes
Zoning
NWD-R-
Directions
From I95 exit east on Okeechobee to left on South Tamarand to Right on 3rd St (2 blocks on left).
Property Description
Multifamily

Financial Information

Tax Annual Amount
5862.25
Tax Year
2014
Tax Legal Description
CLOWS ADDITION LTS 8 & 9 BLK 24

Remarks and Miscellaneous

Public Historical Remarks
Building Type: Y

More Information

Status Change Information

Major Change Timestamp
2015-09-14T14:53:32Z
Major Change Type
Status Change
Status Change Date
2015-09-14
Under Contract Date
2015-07-06
Close Date
2015-09-10
Close Price
545000
Buyer Financing
Conventional

Building and Property Details

# Of Toilets
8
% Air Conditioned
100
Door Height
0-8'
Interior Ceiling Height
8
Maximum Ceiling Height
8

Distance To Information

Miles to Expressway
2

Income and Expenses

Gross Income
72720
Gross Scheduled Income
72720
Insurance Expense
10000
Maintenance Expense
1200
Net Operating Income
51695
Operating Expense
21025
Other Expense
3963
Real Estate Taxes
5862
Total Expenses
21025
Vacancy Allowance Rate
0

Description of Unit Type 1

Unit Type
2 Bedroom
Full Baths
Yes
Annual Rent
9060

Description of Unit Type 2

Unit Type
2 Bedroom
Full Baths
Yes
Annual Rent
9060

Description of Unit Type 3

Unit Type
2 Bedroom
Full Baths
Yes
Annual Rent
9120

Description of Unit Type 4

Unit Type
2 Bedroom
Full Baths
Yes
Annual Rent
9060

Description of Unit Type 5

Unit Type
2 Bedroom
Full Baths
Yes
Annual Rent
9120

Description of Unit Type 6

Unit Type
2 Bedroom
Full Baths
Yes
Annual Rent
9120

Description of Unit Type 7

Unit Type
2 Bedroom
Full Baths
Yes
Annual Rent
9060

Price Calculations

Current Price To SqFt
90.59
Original List Price To Close Price
1.2

Originating Details

Originating System Key
20150324160417438955000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Separate Meters
Yes

Flooring

Carpet
Yes
Terrazzo
Yes
Vinyl
Yes

Documents Available

Books & Records
Yes
Copy Of Lease(s)
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Water
Yes

Location of Property

City Location
Yes
County Location
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Special Information

Title Insurance Policy Available
Yes

Utilities

Cable Available
Yes

Building Features

Free Standing
Yes

Business Type

Commercial
Yes

Ceiling

Plastered
Yes

Heating

Central
Yes
Electric
Yes

Sale Includes

Building
Yes
Fixtures
Yes
Land
Yes
Machinery
Yes
Trade Name
Yes

Special Licenses

Occupational
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Owner May Carry
Yes

Lot Features

Landscaped
Yes

Roof

Composition
Yes

Security Features

Smoke Detector(s)
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Central Individual
Yes
Electric
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
Listing Agent Must Accompany
Yes
Occupied
Yes

Contingencies

3rd Party Approval
Yes
Listing Office: Keller Williams Coastal Partne
IDX
Last Updated: May - 25 - 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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