940 Charles St, West Palm Beach, FL 33401
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
Listed by: luke mauger
Office: bawons properties, inc561-779-5007
MLS#:A11996590
Source:SEFMLS
Price summary
- Price:$975,000
- Price per sq. ft.:$370.44
About this home
Rare income-producing triplex in the highly sought-after Pineapple Park neighborhood of West Palm Beach. Situated on an oversized 9,647 SF lot just minutes from Downtown West Palm Beach, CityPlace, the Brightline station, and Palm Beach Island, this property offers a turnkey investment opportunity in one of South Florida's fastest-growing markets.
The front CBS duplex features two beautifully renovated short-term rental units with updated kitchens, modern finishes, private entrances, and furnishings included for immediate operation. Despite a three-month vacancy in 2025 during a unit conversion and introductory pricing, the duplex achieved 73-75% occupancy and generated over $77,000 in short-term rental revenue.
The rear 2BD/1BA single-family home sits on its own driveway with a private entrance and single family feel, providing additional income and flexibility for investors seeking diversified revenue streams or an owner-operator looking to offset expenses.
In total, the property generated over $102,000 in gross income in 2025, with potential for up to 30% additional upside through occupancy optimization and unit repositioning.
All three units feature independent entrances and ample off-street parking. With established income history, turnkey condition, and proximity to West Palm Beach's strongest lifestyle and employment centers, this property presents an exceptional investment opportunity with immediate cash flow and meaningful upside potential....
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Home facts
- Year built:1950
- Listing ID #:A11996590
- Updated:July 24, 2026 at 09:52 AM
Rooms and interior
- Flooring:Tile
- Living area:2,418 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Units
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Flat, Shingle
- Year built:1950
- Building area:2,418 sq. ft.
- Construction Materials:Block, Frame
- Levels:2 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$975,000
- Price per sq. ft.:$370.44
- Tax amount:$14,842 (2025)
Parking
- Total parking spaces:4
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