3
Baths
2,000 Sq. Ft.
$318 / Sq. Ft.
2,000
Sq. Ft.
$318
per Sq. Ft.

Description

NORTHWOOD HARBOR – HISTORIC DISTRICT OPPORTUNITY | TRIPLEX WITH UPSIDE
An exceptional opportunity in the rapidly evolving Northwood Harbor Historic District—just moments from the waterfront, dining, and major hospitality developments including the announced Mandarin Oriental nearby and popular neighborhood destination La Marina. Offered at $635,000, this income-producing property spans 523, 525, and 521 48th Street and is currently configured as a functioning triplex (duplex + separate cottage/home)
...NORTHWOOD HARBOR – HISTORIC DISTRICT OPPORTUNITY | TRIPLEX WITH UPSIDE

An exceptional opportunity in the rapidly evolving Northwood Harbor Historic District—just moments from the waterfront, dining, and major hospitality developments including the announced Mandarin Oriental nearby and popular neighborhood destination La Marina. Offered at $635,000, this income-producing property spans 523, 525, and 521 48th Street and is currently configured as a functioning triplex (duplex + separate cottage/home) with carport parking and strong rental readiness. KEY HIGHLIGHTS
• Fully functioning triplex with flexible configurations
• Immediate rental income potential (ready for tenants)
• Carport parking and multiple private entries
• Located in a designated historic district with growing value protection
• Steps from waterfront, dining, and lifestyle amenities
• Strong upside driven by neighborhood redevelopment and hospitality expansion

VALUE-ADD STRATEGY
• Convert front two units into a single-family residence
• Retain rear cottage as a separate income-producing rental
• Or maintain full triplex structure for maximum cash flow strategy

INVESTMENT APPEAL

This is a rare blend of current cash flow + future redevelopment upside in one of West Palm Beach’s most rapidly appreciating corridors. Ideal for:
• Investors seeking stabilized income
• End-users wanting a flexible live/work conversion
• Value-add repositioning plays in a high-growth district

Amenities

  • Marina
  • Carport Parking
  • Cottage
LISTING UPDATED: 04/19/2026 08:00 PM

Property Details for 523 48th Street

StatusActive
MLS #11565549
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1948
Lot Size-
CountyPalm Beach County
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Building Information for 523 48th Street

Stories-Residences-Year Built1948Building Size-Lot Size-

Payment Calculator

$3,677 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,164

Property Taxes

$513

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 523 48th Street

Summary
Parking
  • Garage Carsize: 0
Property
Property and Assessments
  • Year Built: 1948
Interior and Exterior Features
Interior Features
  • Quarter Baths: 0
  • Halfbaths: 0
  • Threequarterbaths: 0
  • Fullbaths: 3
  • Bedrooms: 3

Property History for 523 48th Street

DateEvent & SourcePriceAppreciation
Apr 20, 2026

Listed (Active)

FIZBER #11565549

$635,000
Apr 3, 2026

Sold

Beaches MLS #R11080923

$550,000
Feb 12, 2026

Pending

Beaches MLS #R11080923

DateEvent & SourcePrice
04/20/2026

Listed (Active)

FIZBER #11565549

$635,000
04/03/2026

Sold

Beaches MLS #R11080923

$550,000
02/12/2026

Pending

Beaches MLS #R11080923

For completeness, we 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.

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523 48th Street is a multi-family home for sale in West Palm Beach, FL 33407. This property was listed for sale on April 20, 2026 by For sale by owner, please contact, it's currently listed at $635,000. It has been on the market for a total of 33 days and was last sold on April 3, 2026. 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 3-bed, 3-bath, 2,000 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.

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.