220 Walton Boulevard, West Palm Beach, FL 33405

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#1#2#3
220 Walton Boulevard,West Palm Beach, FL 33405
$2,399,000
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  • - Beds
  • - Baths
  • 4,540 sq. ft.
  • Multi-family
  • Active
Listed by:emanuel fleurantin
Office:woyce realty investments & consulting inc.
MLS#:R11096110
Source:RMLS

Price summary

  • Price:$2,399,000
  • Price per sq. ft.:$524.72

About this home

8-unit multifamily just minutes from the beach. 1 Fully updated corner unit with impact windows/doors, and central AC. 4 large 1/1s and 4 standard 1/1s. Current income: $150,600/year, NOI: $97,208, cap rate: 4.99%. Pro forma income: $209,040, NOI: $155,649, cap rate: 6.49%. 3 units vacant and Airbnb-ready; the other 5 are on annual leases. Huge upside by converting corner units to short-term rentals--conservatively projected at $30K/unit annually. Turnkey investment with strong cash flow and Airbnb potential.

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Home facts

  • Year built:1950
  • Listing Id #:R11096110
  • Added:75 day(s) ago
  • Updated:August 17, 2025 at 02:54 PM

Rooms and interior

  • Living area:4,540 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Central

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1950
  • Building area:4,540 sq. ft.
  • Lot area:0.23 Acres

Utilities

  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$2,399,000
  • Price per sq. ft.:$524.72
  • Tax amount:$41,319 (2024)
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