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461 Silver Beach Road # 1 Riviera Beach, FL $ 850,000
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$ 850,000 Get more info
461 Silver Beach Road # 1
$ 850,000
Back to search
Share Save

461 Silver Beach Road # 1

Riviera Beach, FL, 33403
$ 850,000
Bedrooms8 Baths4.0 Sq 3,360

Monthly Estimate*

$ 5,303

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Multi-Family Home for sale in Riviera Beach, FL

for $850,000 with 8 bedrooms and 4 full baths. This 3,360 square foot home was built in 1964 on a lot size of 0.184803.

**NEW ROOF's Aug 2025****New Water Heaters**This investment opportunity features two side-by-side duplexes in the rapidly growing Riviera Beach area. 2 Duplexes being sold together.461 silver beach Parcel # 56434228350410020MLS#: RX-11068125 &451 silver beach parcel # 56434228350410030MLS#: RX-11068096. A total of four income-producing units with existing tenants and significant upside potential through rental increases.** Two Adjacent Duplexes being sold together. (Four Units Total) ($225,000 per door) Each unit features two bedrooms and one bathroom with washer/Dryer Hookups -Each unit is separately metered electric.High Rental Demand area with strong appreciation potential. *(market rents $2,000 per unit)*Current Lease Details below:**Unit 1: 2 bed 1 bath -lease expires 5/26-$1,800 per Month **Unit 2: 2 bed 1 bath -lease expires 1/26 - $1,700 per month **Unit 3: 2 bed 1 bath -lease expires 9/26 - $1,700 per month **Unit 4: 2 bed 1 bath - lease expires 2/26 -$1,800 per month. Below-Market Rents: Current leases provide opportunity to increase rents to market rates upon renewal Projected Gross Rental Income: If all units are rented at market rates, estimated gross income could reach $7,600 to $8,000 per month Separate Meters: Tenants pay their own utilities, reducing landlord expenses Long-Term Leases: Leases secured through 2025 and 2026, ensuring stable cash flow High Occupancy and Demand: Riviera Beach remains a competitive rental market with increasing property values Why Invest in Riviera Beach? Riviera Beach is experiencing major redevelopment, making it a prime location for real estate investment. Local improvements include: Riviera Beach Marina Redevelopment, a multimillion-dollar waterfront revitalization increasing property values Expansion of luxury residential and mixed-use developments, strengthening rental demand New infrastructure projects, including road expansions and commercial growth Close proximity to Singer Island, Palm Beach Gardens, and Downtown West Palm Beach Ideal for Investors Looking For: Turnkey Cash Flow Opportunity: Fully leased units with immediate potential for rental increases Strong Market Appreciation: Rapidly growing area with long-term value potential 1031 Exchange Investment: Excellent opportunity for reinvestment and tax benefits

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Multi-Family Active

Price

$ 850,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,704

Style

Quad Plex

Lot Size

0.184803

Year Built

1964

Town/City

Riviera Beach

County/Region

Palm Beach

MLS | Web ID

RX11068125
Features
Exterior
Lot Description < 1/4 Acre
Exterior Amenities Covered Patio
Waterfront No None
Private Pool Y/N No
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General
Construction CBS
Heating Window/Wall
Cooling Wall-Win A/C
Utilities Electric Public Sewer Public Water
Possession Funding
Roof Comp Shingle
Zoning RD-15(
HOA None
Status Active
Year Built 1964
REO No
Subdivision PARK MANOR 6
Stories Count 1.0
Type Quad Plex
Property Type B
Area 5270
Unit Number 1
Auction No
Tax Year 2024
Terms Considered Cash Conventional
Gated Community No
Short Sale No
Restrict None
Taxes 5704.79
Adult 55+ No Hopa
HOA/POA/COA (Monthly) 0.00
Virtual Tour https://www.propertypanorama.com/461-Silver-Beach-Road-1-Riviera-Beach-FL-33403--RX-11068125/unbranded
Geo Area PB26
Legal Description PARK MANOR NO 6 LOT 3 BLK 41
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Interior
Flooring Terrazzo Floor
SqFt - Living 3360.00
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Internal Only
OriginalMLSID RX-11068125
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* Excluded Features
List By
Michael J Johnston

Listing Agent

The Keyes Company

Broker

michael@johnstonhometeam.com

Email

Affordability Calculator

$5,778
Per Month
92%
8%
0%
Monthly Principal & Interest
$5,303
Monthly Property Taxes
$475
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
368239 Elementary School
368240 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
10/17/2025 $850,000 -2.86% Price Down
9/11/2025 $875,000 -1.69% Price Down
7/31/2025 $890,000 -1.11% Price Down
3/5/2025 $900,000 Listed Price

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461 Silver Beach Road # 1, Riviera Beach, FL, 33403 is a Multi-Family Home for sale at $850,000 with 3,360 sqft and a lot size of 0.184803. 461 Silver Beach Road # 1 has 8 bedrooms, 4.0 baths, and was built in 1964. The property's zip code is 33403 which is in Riviera Beach, FL

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