$590,000
$5K PRICE DROP

523 48th St West Palm Beach, FL 33407

Northwood Harbor Neighborhood

Estimated payment $3,668/month

Total Views 6,257
-- Bed
-- Bath
1,421 Sq Ft
$415 Price per Sq Ft

Highlights

  • Garden View
  • Patio
  • 5-minute walk to Osprey Park
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System

About This Home

An excellent investment opportunity awaits in the highly sought-after East West Palm Beach area! Property is being updated to be turn key for tenants. This income-producing triplex is ideally located just two blocks west of Flagler Street and minutes from the vibrant downtown district. Whether you're looking for a renovation project or a property with rental potential, this triplex offers versatility and value. With its prime location and strong upside potential, this is a rare chance to secure a solid asset in a growing market.

Listing Agent

Anthony Nastase

Tropical Springs Realty License #3216400 Listed on: 04/11/2025

Co-Listing Agent

Lloyd Natase

Tropical Springs Realty License #0357521

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,286

Year Built

  • Built in 1948

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,421 Sq Ft Home
  • 1-Story Property
  • Garden Views

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace

Additional Features

  • Patio
  • 6,826 Sq Ft Lot

Community Details

  • 3 Units
  • North Palm Bch 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 74434304040210250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,286

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Year Built: 1948
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Other
  • Living Area: 1421.0

Exterior Features

  • Exterior Features: Patio
  • View: Garden
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block, Frame
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No

Lot Info

  • Parcel #: 74434304040210250
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 6826.0
  • Zoning Description: SF7(ci

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6286.0

Multi Family

  • Number Of Units Total: 3

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,286 $194,817 -- --
2023 $5,610 $177,106 $191,128 $182,303
2022 $5,078 $161,005 $0 $0
2021 $4,515 $242,695 $84,000 $158,695
2020 $4,168 $216,017 $72,000 $144,017
2019 $3,783 $180,915 $66,000 $114,915
2018 $3,209 $156,883 $56,168 $100,715
2017 $2,884 $136,437 $38,736 $97,701
2016 $2,591 $90,883 $0 $0
2015 $2,821 $97,902 $0 $0
2014 $2,626 $89,002 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 Price Changed $590,000 -0.8% $415 / Sq Ft
04/11/2025 04/11/25 For Sale $595,000 -- $419 / Sq Ft
Source: BeachesMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $425,000 Consumers First Title
Personal Reps Deed -- None Listed On Document
Warranty Deed $55,000 First Priority Title Co
Warranty Deed $224,000 Sun Title & Abstract Co
Warranty Deed $145,000 Flagler Title Company
Warranty Deed $108,000 --
Warranty Deed $45,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $375,000 New Conventional
Previous Owner $199,000 Unknown
Previous Owner $190,400 Purchase Money Mortgage
Previous Owner $155,000 Balloon
Previous Owner $10,800 Balloon
Previous Owner $35,000 No Value Available
Source: Public Records

Source: BeachesMLS

MLS Number: R11080923

BeachesMLS

APN: 74-43-43-04-04-021-0250

Florida Palm Beach County West Palm Beach 33407 Northwood Harbor

523 48th St, West Palm Beach, FL

This home is located at 523 48th St, West Palm Beach, FL 33407 and is currently priced at $590,000, approximately $415 per square foot. This property was built in 1948. 523 48th St is a home located in Palm Beach County with nearby schools including Northmore Elementary School, John F. Kennedy Middle School, and Palm Beach Lakes Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Anthony Nastase
Listing Agent
Anthony Nastase
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Tropical Springs Realty
(561) 933-4419