Triplex For Sale By Owner in West Palm Beach, FL

Property Description

Triplex For Sale By Owner in West Palm Beach, FL | Northwood Harbor Historic District | Income Producing | Value-Add Opportunity

Exceptional investment opportunity located in the rapidly developing Northwood Harbor Historic District in West Palm Beach, FL. This income producing triplex includes properties at 523, 525, and 521 48th Street and offers strong rental potential with flexible use options in a high-growth waterfront area near dining, hospitality, and major redevelopment projects, including the announced Mandarin Oriental and popular destination La Marina.

This well-positioned property features multiple private entries, carport parking, and a functional layout configured as a triplex (duplex plus separate cottage/home). The units are rental-ready, providing immediate income potential while also offering long-term value appreciation in one of West Palm Beach’s most desirable emerging neighborhoods.

The property presents multiple value-add strategies, including converting the front two units into a single family residence while maintaining the rear cottage as a separate income-producing rental, or continuing to operate the full triplex structure for maximum cash flow. This flexibility makes it ideal for both investors and end-users seeking creative use options.

Located just steps from the waterfront and surrounded by ongoing redevelopment, this property benefits from strong neighborhood growth, historic district protections, and increasing demand driven by nearby luxury hospitality expansion. It is well suited for investors seeking stabilized income, value add repositioning opportunities, or buyers looking for a flexible live/work or multi unit investment in a high-appreciation corridor.

Details & Amenities

Property Address

523 48th St, West Palm Beach, FL 33407, USA, City - Palm Beach County