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920 Selkirk St
West Palm Beach, FL 33405
Selkirk Apartments · Multifamily Property For Sale
·
2 Units
Investment Highlights
- Minutes From Downtown, Palm Beach Island, And I-95
- Built In 1940 On A 0.12-Acre Lot With Pitched Shingle Roof
- Strong Rental Demand In Supply-Constrained Submarket
- Flexible Unit Mix Of One 1/1 And One Studio
Executive Summary
Marcus & Millichap is pleased to present Selkirk Apartments, a boutique two-unit multifamily property located at 920 Selkirk Street in West Palm Beach, Florida. Built in 1940, the property totals 1,089 gross square feet and is situated on a 0.12-acre lot. The two-story duplex features one one-bedroom/one-bathroom unit and one studio unit, offering flexible leasing potential in a high-demand rental corridor. The building is equipped with a pitched composite shingle roof and window-unit air conditioning, providing straightforward maintenance and efficient operation. Its compact footprint and manageable unit count make it ideal for private investors seeking a low-density asset with minimal overhead.
Selkirk Apartments benefits from a prime location in West Palm Beach’s desirable southern corridor, just minutes from Downtown West Palm Beach, Palm Beach Island, and Interstate 95. The property is near major employment drivers including Good Samaritan Medical Center, the downtown financial district, and the rapidly expanding Rosemary Square area. With continued residential and mixed-use development throughout the city, Selkirk Apartments offers stable in-place income with long-term appreciation potential in one of Palm Beach County’s most dynamic submarkets.
Selkirk Apartments benefits from a prime location in West Palm Beach’s desirable southern corridor, just minutes from Downtown West Palm Beach, Palm Beach Island, and Interstate 95. The property is near major employment drivers including Good Samaritan Medical Center, the downtown financial district, and the rapidly expanding Rosemary Square area. With continued residential and mixed-use development throughout the city, Selkirk Apartments offers stable in-place income with long-term appreciation potential in one of Palm Beach County’s most dynamic submarkets.
Property Facts
| Price Per Unit | $212,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.66% | Building Size | 1,089 SF |
| Gross Rent Multiplier | 11.65 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 2.75/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | SF7—SINGLE-FAMILY LOW DEN | ||
| Price Per Unit | $212,500 |
| Sale Type | Investment |
| Cap Rate | 4.66% |
| Gross Rent Multiplier | 11.65 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 1,089 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 2.75/1,000 SF |
| Zoning | SF7—SINGLE-FAMILY LOW DEN |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 360 |
| 1+1 | 1 | - | 600 |
Property Taxes
| Parcel Number | 74-43-44-04-21-003-0090 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $228,826 |
Property Taxes
Parcel Number
74-43-44-04-21-003-0090
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$228,826
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