$590,000
Price
Beds
Baths
1,421 Sq. Ft.
$415 / Sq. Ft.
1,421
Sq. Ft.
$415
per Sq. Ft.

Description

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...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.
  1. Listed by Anthony J Nastase • Tropical Springs Realty
  2. Listed by Lloyd V Nastase • Tropical Springs Realty

Property Details for 523 48th Street

Subdivision
NORTH PALM BCH 1
Waterfront
No
Waterfront Details
None
View
Garden
Style
No Pool/No Water
LISTING UPDATED: 08/04/2025 08:23 AM

Property Details for 523 48th Street

StatusActive
MLS #RX-11080923
Days on Market271
Taxes$6,286 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1948
Lot Size0.16 AC / 6,826 SF
CountyPalm Beach County

Location

Listing Courtesy of Tropical Springs Realty
Add your commute

Building Information for 523 48th Street

Stories1Residences3Year Built1948Building Size-Lot Size0.16 AC / 6,826 SF

Payment Calculator

$3,399 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,876

Property Taxes

$524

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 523 48th Street

Summary
Location and General Information
  • Property Condition: Resale
  • Geo Area: Palm Beach 5420; 5430; 5440
  • Special Info: Sold As-Is
  • Street Number: 523
  • Subdivision Complex Bldg: NORTH PALM BCH 1
  • Municipal Code: West Palm Beach
  • State: FL
  • City Postal ID: 33407
  • MLS Area: 5420
  • MLS Sub Area: PB20
Parking
  • Carport Spaces: 2
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2024
Property
Lot Information
  • Area: 5420
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre
  • Parcel ID: 74434304040210250
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 2,289
  • Square Ft Source: Tax Rolls
  • Zoning: SF7(ci
Property and Assessments
  • Legal Desc: NORTH PALM BEACH PLAT NO 1 LTS 25~ 26 & W 15 FT OF LT 27 BLK 21
  • Sq Ft Liv Area: 1421.0
  • Legal Description: NORTH PALM BEACH PLAT NO 1 LTS 25~ 26 & W 15 FT OF LT 27 BLK 21
Utilities
  • Utilities: Electric, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction, Frame Construction
  • Exterior Features: Open Patio
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: None
  • Gated Community YN: No
Interior Features
  • Roof: Comp Shingle
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Cooling: Central, Wall-Win A/C
  • Flooring: Other
  • Heating: Central, Window/Wall
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $.00
  • Income & Expenses: Annual Total Expense: $.00
  • Income & Expenses: Gross Operating Inc: $.00
  • Tenant Pays: Cable, Electric, Sewer, Water
Unit 1
  • Unit 1 Desc: Den/Family, Patio
  • Unit 1 Info: Bedrooms: 2
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 0
  • Unit 1 Info: SqFt: 635.0
  • Unit 1 Parking: Carport - Attached
Unit 2
  • Unit 2 Desc: Den/Family, Patio
  • Unit 2 Info: Bedrooms: 2
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $0
  • Unit 2 Info: SqFt: 635.0
  • Unit 2 Parking: Carport - Attached
Unit 3
  • Unit 3 Info: Efficiency
  • Unit 3 Info: Bedrooms: 1
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Furnished: No
  • Unit 3 Info: Monthly Income: $.00
  • Unit 3 Info: SqFt: 384.0
  • Unit 3 Parking: Open Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 523 48th Street

DateEvent & SourcePriceAppreciation
May 22, 2025

Price Change

RAPB #RX-11080923

$590,000
Apr 11, 2025

Listed (Active)

RAPB #RX-11080923

$595,000
Apr 2, 2025

Sold (Public Record)

Public Record #1882933229

$425,000

+15.2% / yr

Oct 26, 2010

Sold (Public Record)

Public Record #299363373

$55,000

-22.1% / yr

Mar 14, 2005

Sold (Public Record)

Public Record #154493410

$224,000

+79.3% / yr

Jun 15, 2004

Sold (Public Record)

Public Record #136593202

$145,000
DateEvent & SourcePrice
05/22/2025

Price Change

RAPB #RX-11080923

$590,000
04/11/2025

Listed (Active)

RAPB #RX-11080923

$595,000
04/02/2025

Sold (Public Record)

Public Record #1882933229

$425,000

+15.2% / yr

10/26/2010

Sold (Public Record)

Public Record #299363373

$55,000

-22.1% / yr

03/14/2005

Sold (Public Record)

Public Record #154493410

$224,000

+79.3% / yr

06/15/2004

Sold (Public Record)

Public Record #136593202

$145,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 523 48th Street

Taxable ValueLand$229,460Additions$149,153Total$378,613
Tax Record2025$6,160 ($513 / month)
Home Facts
Baths3Total Finished SqFt1,037 SqFtAbove Grade Finished SqFt1,037 SqFtStories1Lot Size6,826 SqFtStyleDuplexYear Built1948Year Renovated1973ZoningSF7-C4CountyPALM BEACHAPN74-43-43-04-04-021-0250

Schools near 523 48th Street

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Northmore Elementary School
PublicPK to 5

John F. Kennedy Middle School
Public6 to 8

Palm Beach Lakes High School
Public9 to 12

Northboro Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

523 48th Street is a multi-family home for sale in West Palm Beach, FL 33407. This property was listed for sale on April 11, 2025 by Tropical Springs Realty, it's currently listed at $590,000. It has been on the market for a total of 271 days and was last sold on April 2, 2025. This listing's school district is Palm Beach. Nearby schools include Northmore Elementary School, John F. Kennedy Middle School and Palm Beach Lakes High School. 523 48th Street is a 0-bed, 0-bath, 1,421 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Tropical Springs Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.