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Bean Group
Offered at $2,500,000Active
beds
—
baths
13
sq ft
8,894
Built
1913

1401 Division Avenue

West Palm Beach, FL 33401

About this home

Presenting a turnkey 13-unit multifamily property, ideally located in high-growth West Palm Beach. This asset offers a rare opportunity to acquire a fully stabilized, low-maintenance investment. The property underwent a complete renovation in 2021, featuring new mechanical systems, impact-rated windows and doors, and modern interior finishes throughout. The desirable unit mix consists of five (5) 2-bedroom/1-bath units, seven (7) 1-bedroom/1-bath units, and one (1) studio. Onsite amenities include a laundry facility and 18 dedicated parking spaces. The property is individually metered for electricity.

Listing last checked: Listing updated:

Listed by Christopher S. Alexander · Kanga Property Management · MLS #R11123079

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Details at a glance

Interior3 property facts
Heating
Central
Cooling
Central Air
Flooring
Ceramic Tile
Building3 property facts
Style
Multi Family
Year built
1913
Roof
Tar/Gravel
Land & utilities4 property facts
Lot size
0.61 acres
Water
Public
Sewer
Public Sewer
Zoning
MULTI-FAMILY
Financial2 property facts
Annual taxes
$32,795
Assessment year
2024

Location

Estimated monthly cost

Explore costs at the $2,500,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$15,374 / monthAdjust
Principal & interest
$12,641
Property tax
$2,733
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $32,795. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Price and status timeline

  1. Lsd

    $1,475 · Sold $1,475 · Jun 3, 2026

  2. Lsd

    $1,300 · Sold $1,300 · Jun 3, 2026

  3. Lsd

    $1,475 · Sold $1,475 · Jan 20, 2026

  4. Lsd

    $1,349 · Sold $1,349 · May 7, 2025

  5. Lsd

    $1,475 · Sold $1,475 · Apr 24, 2025

  6. Lsd

    $1,475 · Sold $1,475 · Feb 19, 2025

  7. Lsd

    $1,100 · Sold $1,100 · Jun 19, 2024

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About 1401 Division Avenue

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Request a tour of 1401 Division Avenue and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.