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212 Oleander Ave 8 Unit Apartment Building $5,750,000 ($718,750/Unit) Palm Beach, FL 33480
Executive Summary
Exceptional investment opportunity in Palm Beach! This fully renovated 8-unit multi-family building is ideally located just one block from the Ocean and one block from the scenic Lake Trail. The property offers a desirable unit mix: 4 studio apartments, 2 one-bedroom/1.5-bath units, and 2 two-bedroom/two-bath units. Every residence has been updated from top to bottom and features impact-rated windows and doors. The building is fully leased, providing immediate cash flow in one of South Florida's most sought-after markets. With its prime location and modern upgrades, this property is a rare chance to own a turnkey asset in Palm Beach.
Property Facts
| Price | $5,750,000 | Building Class | C |
| Price Per Unit | $718,750 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 3,680 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1928/2025 |
| Apartment Style | Low-Rise | ||
| Zoning | R-C - R-C (city)/MULTI-FAMILY RESIDENTIAL (MEDIUM DENSITY) DISTRICT | ||
| Price | $5,750,000 |
| Price Per Unit | $718,750 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 3,680 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2025 |
| Zoning | R-C - R-C (city)/MULTI-FAMILY RESIDENTIAL (MEDIUM DENSITY) DISTRICT |
Amenities
Unit Amenities
- Air Conditioning
- Security System
- Kitchen
- Refrigerator
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Wi-Fi
- Storage Space
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $3,600 | 650 |
| 1+1.5 | 2 | $4,000 | 650 |
| Studios | 4 | $2,000 | 200 |
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Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 50-43-43-15-06-000-0040 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,127,201 |
Property Taxes
Parcel Number
50-43-43-15-06-000-0040
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,127,201
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