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940 Charles Street

West Palm Beach, FL 33401
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Bed 6

Bed

Bath 3

Bath

SqFt2,418

Sqft

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 entr ance 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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $975,000

AD Id : 76846097

MLS Id : A11996590

Beds : 6

Living Area Size : 2,418

Year Built : 1950

County : Palm Beach

Subdivision: Belvedere Park

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Feature Features

  • Interior Features

    Roof: Flat, Shingle
  • Heating & Cooling

    Has Heating: Yes Heating: Central, SeparateMeters Has Cooling: Yes Cooling: CentralAir, Other, WallWindowUnits

  • Building Information

    Year Built: 1950
    Building Area Total: 2632
    Construction Materials: Block, Frame
    Private Pool: No

  • Listing Price Information

    Listing Price: $975000
    Original Price: $1175000
    Cash, Conventional

  • Tax Information

    Parcel Number: 74434328150050120 Tax Year: 2025 Annual Tax: $14842 Tax Legal Desc: BELLEVUE LT 12 BLK 5 & E 1/2 OF 50 FT ABND PT OF GLENWOOD RD LYG W OF & ADJ TO

  • Parking Information

    Parking Total: 4

  • School Information

    Elementary School: Palm Beach Public Junior High School: Senior High School: Forest Hill
  • Utility Information

    CableAvailable
  • Location Information

    Direction: From I-95, exit Okeechobee Blvd east. Turn south on Dixie Hwy, then east on Charles St. Property will be on the right.
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Nearby Home Value

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629 9th Street, West Palm Beach, FL, 33401 $1,150,000 8 8 3,000 3,000 SqFt
711 Palm Beach Lakes Bo.., West Palm Beach, FL, 33401 $679,900 7 4 1,261 1,261 SqFt
807 14th Street, West Palm Beach, FL, 33401 $599,999 8 3 1,222 1,222 SqFt
817 NW 7th Street, West Palm Beach, FL, 33401 $775,000 9 5 2,196 2,196 SqFt
1017 13th Street, West Palm Beach, FL, 33401 $450,000 4 2 1,344 1,344 SqFt
1021 14th Street, West Palm Beach, FL, 33401 $649,900 6 3 2,880 2,880 SqFt
1709 Mercer Avenue, West Palm Beach, FL, 33401 $795,000 6 4 2,365 2,365 SqFt
1331 Longwood Street, West Palm Beach, FL, 33401 $895,000 7 4 3,060 3,060 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/01/2026 @ 14:40

MLS: A11996590 LISTED BY: Luke Mauger, BAWONS Properties, Inc 305-509-8336 SOURCE: Beaches MLS

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