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940 Charles St West Palm Beach, FL $ 975,000
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$ 975,000 Get more info
940 Charles St
$ 975,000
Back to search
Share Save

940 Charles St

West Palm Beach, FL, 33401
$ 975,000
Bedrooms2 Baths1.0 Sq 2,418

Monthly Estimate*

$ 6,156

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Multi-Family Home for sale in West Palm Beach, FL

for $975,000 with 2 bedrooms and 1 full bath. This 2,418 square foot home was built in 1950.

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.

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Multi-Family Contingent

Price

$ 975,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 14,842

Style

Year Built

1950

Town/City

West Palm Beach

County/Region

Palm Beach

MLS | Web ID

A11996590
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air Other Wall/Window Unit(s)
Utilities Cable Available
Possession Close Of Escrow
Roof Flat Shingle
Pool Features None
Construction Materials Block Frame
Year Built 1950
Stories Count 2
Levels Two
Property Subtype Triplex
Tax Year 2025
County Palm Beach
Property Type Residential Income
Contingency Pending Inspections
Subdivision Name BELLE VUE ADD TO WPB
Rent Includes Gardener Sewer
Full Baths 1
Status Active Under Contract
Directions From I-95 exit Okeechobee Blvd east. Turn south on Dixie Hwy then east on Charles St. Property will be on the right.
City West Palm Beach
Zoning Description SF14 (ci
Number Of Units Total 1
MLS Area 5430
Lot Size Units Square Feet
Listing Terms Cash Conventional
Year Built Details Effective Year Built
Tax Annual Amount 14842
MLS Area Minor Palm Beach 5420; 5430; 5440
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11996590
Standard Status Active Under Contract
Occupancy Type Call Agent
Property Sub Type Additional Triplex
Legal Description BELLEVUE LT 12 BLK 5 & E 1/2 OF 50 FT ABND PT OF GLENWOOD RD LYG W OF & ADJ TO
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Interior
Flooring Tile
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Total Bedrooms 2
Total Baths 0
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Exterior
Lot Features < 1/4 Acre
Total Parking 4
Building Area Total 2632
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
Bawons Properties, Inc

Broker

Luke.Mauger@BAWONS.com

Email

Affordability Calculator

$7,393
Per Month
83%
17%
0%
Monthly Principal & Interest
$6,156
Monthly Property Taxes
$1,237
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
7/16/2026 $975,000 -7.14% Price Down
7/6/2026 $1,050,000 -4.55% Price Down
6/12/2026 $1,100,000 -4.35% Price Down
5/7/2026 $1,150,000 -2.13% Price Down
4/8/2026 $1,175,000 Listed Price

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940 Charles St, West Palm Beach, FL, 33401 is a Multi-Family Home for sale at $975,000 with 2,418 sqft. 940 Charles St has 2 bedrooms, 1.0 baths, and was built in 1950. The property's zip code is 33401 which is in West Palm Beach, FL

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