940 Charles St West Palm Beach, FL 33401
2,418 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,418 sqft
Price per Sqft $485
Subdivision Belle Vue Add To Wpb
MLS Listing ID A11996590
HOA Y/N No
Year Built 1950
Annual Tax Amount $14,842
Tax Year 2025
Property Sub-Type Triplex
Property Description
The front CBS duplex features two fully renovated short-term rental units with updated kitchens, modern finishes, and private entrances. Both units have demonstrated strong performance with 73–75% occupancy in 2025 and over $77,000 in combined short-term rental revenue.
The rear 2BD/1BA single-family home provides additional income and flexibility, making the property ideal for investors seeking diversified revenue streams or an owner-operator looking to offset expenses.
In total, the property generated over $102,000 in gross income in 2025, supported by strong rental demand driven by West Palm Beach's continued growth as a destination for residents, visitors, and relocating professionals.
All units offer independent entrances and ample off-street parking, and furniture and furnishings in the short-term rental units convey, creating a turnkey investment ready for immediate operation.
Location
State FL
County Palm Beach
Community Belle Vue Add To Wpb
Area 5430
Direction From I-95, exit Okeechobee Blvd east. Turn south on Dixie Hwy, then east on Charles St. Property will be on the right.
Interior
Heating Central
Cooling Central Air, Other, Wall/Window Unit(s)
Flooring Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Flat,Shingle
Total Parking Spaces 4
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Level or Stories Two
Structure Type Block,Frame
Others
Tax ID 74434328150050120
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11996590
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