← All properties
For Sale Available Listing #83850

190,000 SF Apartment For Sale — $950,000 — 1913 Division Ave, West Palm Beach – #83850

1913 Division Ave · Price Per Unit · West Palm Beach, FL 33407
190,000 SFAvailable space
ApartmentProperty type
257Parking spaces
2023Renovated
Quick Unit Specs
For Sale
$950,000 Asking Price
$5.00 Price / SF
6.32% Cap Rate
— NOI
229 / 278 days Days on market / avg to sell
The Space
190,000 SF Sq Ft
Apartment Type
Price Per Unit Suite
— Condition
Available Status
For Sale Listing Type
Now Available
— Op. Expenses
— Clear Height
— Drive-In Bays
— Dock-High Bays
— Yard
— Office SF
— Restrooms
— Power
— HVAC
257 spaces Estimated Parking
1.35 Parking Ratio
Location Map Click to explore · switch to satellite inside the map
Floor Plan
Floor plan not available yet Ask us and we'll get it to you as soon as it's available.
Building Description
Executive Summary
This well-maintained 5-unit multifamily property offers a strong investment opportunity in the rapidly growing West Palm Beach market. Located in a desirable residential neighborhood just minutes from downtown, major employment centers, beaches, and transit options, the building provides consistent rental demand and long-term upside.
The property features a mix of spacious 2- and three-bedroom units, each with functional layouts and steady rental history. Several units have been updated, and the building has been professionally managed. On-site amenities include private parking, a shared outdoor area, and individual utilities for most units, supporting lower operating costs.
Units have a brand-new AC system installed in 2025, and all units will be freshly painted.
With solid in-place income and room for value-add improvements, this asset is ideal for both new and seasoned investors seeking stable cash flow in one of South Florida’s most sought-after markets

Frontage Traffic vs. Nearby & Palm Beach County's Busiest Roads

FDOT publishes no traffic count for Division Ave.
I‑95 (interstate) 255,000
Florida Turnpike 95,000
Okeechobee Blvd 62,000
US‑1 / Federal Hwy 46,000
Military Trail 40,000
Broadway Ave0.3 mi 17,300
25 St0.3 mi 11,400
N Tamarind Ave490 ft 8,100
15 St0.3 mi 4,300
Nearest FDOT-counted roads (distance) County's busiest roads (approx. peak) Vehicles per day (AADT)
Risk & Incentives
🌊 Flood Zone X · minimal ✓ Not in Flood Hazard Not an Opportunity Zone

Neighborhood Demographics · Census Tract 002200

Figures for the census tract this property sits in — the immediate surrounding neighborhood (roughly ½–2 sq. mi). For distance‑based totals, see the 1 / 3 / 5‑mile rings below.
2,759
Population
$31,842
Median Household Income
34
Median Age
958
Households
$194,200
Median Home Value
Household Income of 958 households
<$50k672 70%
$50–100k225 23%
$100–150k36 4%
$150k+25 3%
Age of 2,759 residents
Under 18593 21%
18–34825 30%
35–54567 21%
55–64313 11%
65+461 17%

Trade-Area Rings · Distance from Property

Everyone living within a straight‑line radius of the property — the classic retail trade area. Each ring is cumulative (the 3‑mile total includes the 1‑mile).
1 Mile
16,444
population
6,419 households
$65,788 avg income
3 Miles
87,224
population
36,442 households
$112,786 avg income
5 Miles
197,490
population
79,366 households
$95,136 avg income
Street View Click to load · then drag to look around
Asking Price
$950,000
Listing Courtesy of Ibero Property Management & Real Estate Services
Dwayne Barrett
Dwayne Barrett
Ibero Property Management & Real Estate Services
Inquire about this property
Key highlights
  • New Roof
  • Recently Painted
  • New AC System
Appraiser Data
Parcel Control No.74434316100100010
MunicipalityWest Palm Beach
Assessed Value$724,910
Land Value$75,304
Legal Description
WASHINGTON HGTS LT 1 BLK 10
Sale History
Sale 1$460,000 · 9/2019
Source: Palm Beach County Appraiser Records
Proximity
✈ Airports
Palm Beach Intl (PBI) 5.7 mi 12 min drive
Ft. Lauderdale (FLL) 45.8 mi
Miami Intl (MIA) 66.2 mi
⚓ Seaports
Port of Palm Beach 2.8 mi
Port Everglades 44.2 mi
PortMiami 66.3 mi
Building Specifications
CityWest Palm Beach, FL
ZIP Code33407
ZoningSF11
Year Built1949
Total Building SF3,504 SF
Total Available190,000 SF
Land Area5,663 SF
Lot Size0.13 AC
Parking Ratio1.35/1,000 SF
Floor Area Ratio0.619
AmenitiesAir Conditioning; Microwave; Ceiling Fans; Refrigerator
Walk Score60/100
Renovated2023