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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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940 Charles St , West Palm Beach, FL 33401
$975,000
Est. Payment: $2,166.67/mo
6 Bed
3 Bath
2418 Sqft
Status: Active Under Contract | Days on site: 112
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BWNP01 - 3428937
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House Description

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.

Highlights

Listed by Luke Mauger , 561-294-8335 BAWONS Properties, Inc , 561-779-5007.

Property Type

Multi-Family

Year Built

1950

County

Palm Beach

Area

5430

Neighborhood

Belle Vue Add To Wpb

Listing ID

A11996590

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:3
  • Full Bathrooms:
Air Cond:Central Air,Wall/Window Unit(s)
Fireplaces:
Floor:Tile

Exterior Features

Lot:< 1/4 Acre
Garage Capacity:4
Zoning:SF14 (ci
Roof:Flat,Shingle
Sewer:Public Sewer
Principal Interest
$2,167
Taxes
$1,237

Home Price

$975,000

Loan Details

30 yrs
%

Down Payment

20%
$195,000
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Monthly Price:
$2,166.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,166.67 $1,236.83 $0.00 $3,403.50
Yearly $26,000.00 $14,842.00 $0.00 $40,842.00
Total $780,000.00 $445,260.00 $0.00 $1,225,260.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (West Palm Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.