Multifamily Property for Sale in West Palm Beach, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: West Palm Beach, FL 33407

Description

Marcus & Millichap is pleased to present Windsor Apartments, a stabilized 12-unit multifamily property located at 3307 Windsor Avenue in West Palm Beach, Florida. The property consists of four buildings totaling 7,800 gross square feet, situated on a 0.57-acre parcel. Built in 1972, Windsor Apartments features all new roofs, reducing near-term capital expenditure requirements. The unit mix is comprised of twelve (12) two-bedroom/one-bathroom apartments, each averaging 650 square feet. Half of the units are equipped with central air conditioning, while the remaining units utilize wall-mounted systems. The property is currently stabilized with Section 8 tenants, providing ownership with consistent, government-backed rental income. Ideally positioned in West Palm Beach, the property benefits from proximity to Downtown, major employment hubs, and key amenities including Palm Beach International Airport, St. Mary’s Medical Center, and local retail corridors. The area continues to see redevelopment and investment, fueling long-term demand for workforce and affordable housing. With its stable Section 8 tenancy, recent capital improvements, and strategic location, Windsor Apartments represents a reliable investment opportunity with steady cash flow and minimal immediate capital needs. Investment Highlights: • Brand New Roofs In 2026 • Predominately Section 8 Tenants Providing Guaranteed Income • All 2 Bedroom Floorplans • 1972 Concrete Block Construction • Located Just Minutes From Downtown West Palm Beach

Market Context

This multifamily in West Palm Beach, FL is listed for sale. It is offered at an approximate 8.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in West Palm Beach, FL — <a href="/search/sale/multifamily/florida/west-palm-beach">view the full market</a>.

As of Q1 2025, the Palm Beach multifamily market showed a 16.7% vacancy rate, rents up 14.5% year over year, and cap rates around 5.6%. Source: Consensus Q1 2025 market report.

Its 8.2% asking cap rate is above the Palm Beach multifamily market average of about 5.6%, implying a higher yield (and typically more risk or upside) than comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Palm Beach?
About 5.6% as of Q1 2025, per Consensus.
Is the Palm Beach multifamily market tightening or softening?
Vacancy is around 16.7%, with asking rents rising year over year (Q1 2025).

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