733 Neil Rd - Apartments FOR SALE


West Palm Beach, FL 33415
$1,295,000 USD
954-501-5020
733 Neil Rd, West Palm Beach, FL for Sale
$1,295,000 USD
Apartments - FOR SALE
1/12
null | 6.61% Cap Rate

733 Neil Rd
West Palm Beach, FL 33415


HIGHLIGHTS

  • Six Identical Large Two Bedroom Units Located in Vastly Growing West Palm Beach
  • Private Fenced in Backyards, Washer & Dryer Hookups, & Central Air Conditioning Throughout
  • All Roofs Replaced in 2025
  • Offers Great Proximity to Palm Beach International Airport and Interstate-95

OVERVIEW

Marcus & Millichap, as the exclusive listing agent, is pleased to present Neil Road Apartments, a well-maintained six-unit multifamily property located in West Palm Beach, Florida. Built in 1980, the property consists of three buildings totaling 5,310 gross square feet and 4,830 rentable square feet, situated on a 0.59-acre lot. The unit mix includes six two-bedroom, one-bathroom apartments with functional layouts that cater well to long-term tenants. The property features in-unit washer and dryer hookups, private fenced backyards, and new central air conditioning systems throughout. Interior improvements include renovated kitchens and bathrooms in most units, boasting quartz or granite countertops, updated cabinetry, and stainless steel appliances. Bathrooms feature modern finishes including new vanities, tilework, and contemporary lighting. Each unit is separately metered for both water and electricity. With a low-density layout and generous lot size, Neil Road Apartments offers residents a more private, residential atmosphere and ample on-site parking. The property is ideally located just minutes from Downtown West Palm Beach, Palm Beach International Airport (less than four miles away), and key transit corridors including I-95. The area benefits from ongoing economic growth and development, drawing steady demand from both working professionals and families. Neil Road Apartments presents a rare opportunity to acquire a stabilized, renovated asset with long-term upside in one of Palm Beach County’s most dynamic submarkets.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

6

PRICE/UNIT

$215,833

CAP RATE

6.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Neil Road Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

RM - Multi-Family

APN/PARCEL ID

00-42-44-01-00-000-7530

ASK ABOUT THIS PROPERTY

Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.