220 Walton Boulevard, West Palm Beach, FL 33405

Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
#1#2#3
220 Walton Boulevard,West Palm Beach, FL 33405
$2,399,000
Virtual Tour
  • - 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.

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1950
  • Listing Id #:R11096110
  • Added:72 day(s) ago
  • Updated:August 13, 2025 at 02:57 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)
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

New listings near 220 Walton Boulevard