NORTH PALM BCH 1
513 47th Street, West Palm Beach FL 33407
4 baths · 2,625 ft²
$499,000
Est. Payment $2,656/mo
4
Bathrooms
2,625
Sq. Ft.
1942
Year Built
2
Stories
8
Days on Market
Description
Presenting a unique opportunity for an investor to acquire a strong cash flow asset with major value add opportunity. 513 47th Street is located in the Northwood neighborhood of West Palm Beach where there is a strong rental market and ever growing demand. This multifamily consists of 3 buildings, 5 possible units (currently 4) in total which have been gutted and preliminary plans drawn to show highest and best use. The proposed units are listed below along with their renovated rent projections. Full rehab is needed. The renovated property can generate $7,700 a month. That's a 10% CAP rate! Unit #1 650 SF 2/1 $1,700 Unit #2 650 SF 2/1 $1,700 Unit #3 650 SF 2/1 $1,700 Unit #4 275 SF Studio $1,200 Unit #5 400 SF 1/1 $1,400 Property currently classified as 4 units on Palm Beach County Tax Appraisers Website. Buyer responsible for working with the city to convert to 5 units. All information to be verified by buyer.
Facts
- MLS#
- R10929358
- Subdivision
- NORTH PALM BCH 1
- Property Type
- Residential Income
- Property Sub Type
- Quadruplex
- Year Built
- 1942
- Lot Size
- 5,227 ft²
- Sq. Ft.
- 2,625 ft²
- Sq. Mt.
- 244 m²
- Price per sq. ft.
- $190/ft²
- Price per sq. mt.
- $2,045/m²
- Stories
- 2
- Garage
- —
- Pool
- —
- Days on Market
- 8 days
- Listed
- Oct 19, 2023
- Last Updated
- Aug 23, 2026
- Price/Lot Sq.Ft.
- $95/ft²
Comparable homes
Same ZIP, similar price + bedrooms.
$499,990
— bd · 4 ba · 3,031 sqft
521 46th Street, West Palm Beach FL 33407
$530,000
— bd · 5 ba · 2,352 sqft
720 47th Street, West Palm Beach FL 33407
$429,999
— bd · 3 ba · 1,241 sqft
952 42nd Street, West Palm Beach FL 33407
$425,000
— bd · 3 ba · 2,250 sqft
1013 State Street, West Palm Beach FL 33407
Market insights for West Palm Beach
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
September 2026
26
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 8/23/2026 | Sold | $499,000 |
| 10/19/2023 | Listed for sale | $499,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
Estimated Monthly Payment
$3,222/mo
Principal & Interest
$2,656
Property Tax
$416
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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