1331 Longwood Street, West Palm Beach FL 33401

Discover an attractive residential income opportunity in Mercer Park, one of West Palm Beach’s convenient and established neighborhoods. Built in 1925, this two-story property is classified as a quadruplex, although it is currently configured as a five-unit apartment building with two two-bedroom units, two one-bedroom units, and one studio.

Located at 1331 Longwood Street, West Palm Beach FL 33401, the property offers 3,060 square feet of living area on a 5,753-square-foot lot. The current gross rental income is approximately $88,440 per year, with the investment priced at an almost 7 percent cap rate. The studio, identified as Unit 5, currently rents for $1,075 per month. Seven off-street parking spaces add valuable convenience for residents and guests, while pets are allowed.

The property has frontage on a city street maintained by the city and county. Cooling is provided by ceiling fans and wall or window units. No heating system or exterior features are listed, allowing future owners to evaluate improvements based on their investment strategy.

Residents benefit from easy access to downtown West Palm Beach, with restaurants, shopping, cultural attractions, waterfront destinations, and entertainment close by. The area also offers the best of the South Florida lifestyle, including warm weather, beautiful beaches, boating, golf, and year-round outdoor activities. Excellent regional infrastructure connects West Palm Beach with Palm Beach, Fort Lauderdale, and Miami, making this location appealing to both tenants and investors. Nearby schools include Roosevelt Elementary, Conniston Middle School, and Forest Hill Community High School. The property is located in Palm Beach County.

Opportunities with strong rental potential and multiple units in a walkable West Palm Beach location are limited. For additional details or to arrange a private showing, call or text +1 786.468.4380 by phone or WhatsApp.