451 Silver Beach Road #1, Riviera Beach, FL 33403
Local realty services provided by:Atlantic Shores Realty Expertise ERA Powered
Listed by: michael j johnston, maby cuevas
Office: the keyes company
MLS#:R11068096
Source:RMLS
Price summary
- Price:$850,000
- Price per sq. ft.:$219.3
About this home
**NEW ROOF's Aug 2025****New Water Heaters****This investment opportunity features two side-by-side duplexes in the rapidly growing Riviera Beach area. 2 Duplexes being sold together. Prefer written offer before bothering other tenants.
461 silver beach
Parcel # 56434228350410020
MLS#: RX-11068125
&
451 silver beach
parcel # 56434228350410030
MLS#: RX-11068096. A total of four income-producing units with existing tenants and significant upside potential through rental increases.** Two Adjacent Duplexes being sold together. (Four Units Total) ($225,000 per door)
Each unit features two bedrooms and one bathroom with washer/Dryer Hookups
-Each unit is separately metered electric.
High Rental Demand area with strong appreciation potential. *(market rents $2,000 per unit)*
Curr **Unit 1: 2 bed 1 bath -lease expires 5/26-$1,800 per Month
**Unit 2: 2 bed 1 bath -lease expires 1/26 - $1,700 per month **Unit 3: 2 bed 1 bath -lease expires 9/26 - $1,700 per month
**Unit 4: 2 bed 1 bath - lease expires 2/26 -$1,800 per month. Immediate Upside
One vacant unit ready to lease at full market rent
Below-Market Rents: Current leases provide opportunity to increase rents to market rates upon renewal
Projected Gross Rental Income: If all units are rented at market rates, estimated gross income could reach $7,600 to $8,000 per month
Separate Meters: Tenants pay their own utilities, reducing landlord expenses
Long-Term Leases: Leases secured through 2025 and 2026, ensuring stable cash flow
High Occupancy and Demand: Riviera Beach remains a competitive rental market with increasing property values
Why Invest in Riviera Beach?
Riviera Beach is experiencing major redevelopment, making it a prime location for real estate investment. Local improvements include:
Riviera Beach Marina Redevelopment, a multimillion-dollar waterfront revitalization increasing property values
Expansion of luxury residential and mixed-use developments, strengthening rental demand
New infrastructure projects, including road expansions and commercial growth
Close proximity to Singer Island, Palm Beach Gardens, and Downtown West Palm Beach
Ideal for Investors Looking For:
Turnkey Cash Flow Opportunity: Fully leased units with immediate potential for rental increases
Strong Market Appreciation: Rapidly growing area with long-term value potential
1031 Exchange Investment: Excellent opportunity for reinvestment and tax benefits
Contact an agent
Home facts
- Year built:1964
- Listing ID #:R11068096
- Added:308 day(s) ago
- Updated:January 07, 2026 at 04:09 PM
Rooms and interior
- Total bathrooms:4
- Living area:3,360 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnace
Structure and exterior
- Roof:Composition
- Year built:1964
- Building area:3,360 sq. ft.
- Lot area:0.18 Acres
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$850,000
- Price per sq. ft.:$219.3
- Tax amount:$5,705 (2024)
New listings near 451 Silver Beach Road #1
- New
$235,000Active2 beds 3 baths1,227 sq. ft.1942 Alamanda Way, Riviera Beach, FL 33404
MLS# A11939022Listed by: VIRTUALTY REAL ESTATE
$100,000Active0.13 AcresTBD W Tbd 9th Street, Riviera Beach, FL 33404
MLS# F10540165Listed by: SAVVY AVENUE, LLC
$1,999,000Active0.84 Acres7030 Haverhill Road, Riviera Beach, FL 33407
MLS# R11149495Listed by: THE KEYES COMPANY- New
$1,750,000Active3 beds 3 baths2,147 sq. ft.5200 N Ocean Dr #1105, Singer Island, FL 33404
MLS# A11938689Listed by: AVANTI WAY REALTY LLC - Open Sat, 1 to 3pmNew
$499,999Active4 beds 2 baths1,580 sq. ft.5010 Elpine Way, Riviera Beach, FL 33418
MLS# R11151386Listed by: KELLER WILLIAMS REALTY JUPITER - New
$475,000Active2 beds 2 baths1,432 sq. ft.4200 N Ocean Drive #2-201, Singer Island, FL 33404
MLS# R11151285Listed by: SINGER ISLAND REAL ESTATE - New
$620,000Active2 beds 2 baths1,457 sq. ft.5420 N Ocean Drive #1106, Singer Island, FL 33404
MLS# R11151132Listed by: COMPASS FLORIDA LLC - New
$1,799,000Active3 beds 3 baths2,454 sq. ft.5380 N Ocean Drive #22i, Singer Island, FL 33404
MLS# R11151131Listed by: DOUGLAS ELLIMAN (JUPITER) - New
$490,000Active2 beds 2 baths1,330 sq. ft.5480 N Ocean Drive #A5c, Singer Island, FL 33404
MLS# R11151062Listed by: KELLER WILLIAMS REALTY/P B - New
$469,000Active3 beds 3 baths1,635 sq. ft.3006 Hop Tree Way, Riviera Beach, FL 33410
MLS# R11150988Listed by: GLASS REALTY, LLC