***Amazing Investment Opportunity!*** 2 Separate buildings. 2 units per building. Property is in Excellent condition with Great tenants. Separate water & Electric each unit. Laundry in each unit. All units have been remodeled except 1. Owner only pays landscape, taxes and insurance. Very low overhead. Currently bringing in $7,400 per month but rents could be raised to reach $8,000 monthly. Great 1031 exchange property of for the 1st time investor. Property is turn key ready. New Septic, new drain field, piping and lift station. Newer roof and A/C
Unit 1 Lease end 7/2024 - $1,800
Unit 2 Lease end 7/2024 - $1,900
Unit 3 Lease ends 9/2024 - $1,800
UNit 4 Lease end 7/2024 - $1,900
All units should rent for $2,000 per area market rents.
Photos are current and accurate.
Sold for $850,000
$850,000
4234 Melaleuca Street, West Palm Beach, FL 33406
8beds
4baths
3,120sqft
Quadruplex, Multi Family, Multi Family
Built in 1972
-- sqft lot
$1,119,400 Zestimate®
$272/sqft
$2,326 Estimated rent
Home value
$1,119,400
$996,000 - $1.26M
$2,326/mo
Zestimate® history
Owner options
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$2,326/mo
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$2,326/mo
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$5,843/mo
Est. payment
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$5,843/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Michael J Johnston 561-577-0398,
The Keyes Company
Bought with:
Maby Cuevas, 3367837
The Keyes Company
Source: BeachesMLS,MLS#: R10939255
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Ceramic Tile
Interior area
- Total structure area: 3,409
- Total interior livable area: 3,120 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: None
- Waterfront features: None
Lot
- Size: 0.4 Acres
- Features: 1/4 to 1/2 Acre Lot
Details
- Parcel number: 00424412100030010
- Zoning: Mf20
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family, Multi Family
Materials
- Block, Concrete
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Septic Tank
- Water: Multiple Meters
Community & HOA
Community
- Subdivision: PINE AIR
HOA
- Has HOA: No
- Amenities included: Park
Location
- Region: West Palm Beach
Financial & listing details
- Price per square foot: $272/sqft
- Tax assessed value: $779,855
- Annual tax amount: $8,480
- Date on market: 11/29/2023
- Cumulative days on market: 2 days
- Listing terms: Cash,Conventional
- Tenant pays: Cable TV, Electricity, Water
Price history
| Date | Event | Price |
|---|---|---|
| 12/21/2023 | Sold | $850,000+347.4%$272/sqft |
Source:  BeachesMLS #R10939255 Report a problem | ||
| 1/2/2014 | Sold | $190,000$61/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,101 +16.1% | $650,736 +10% |
| 2024 | $11,285 +33.1% | $591,578 +58.2% |
| 2023 | $8,480 +7.5% | $373,962 +10% |
| 2022 | $7,891 +12.4% | $339,965 +10% |
| 2021 | $7,020 -0.4% | $309,059 +10% |
| 2020 | $7,047 +6.6% | $280,963 +10% |
| 2019 | $6,611 | $255,421 -19.5% |
| 2018 | $6,611 +13.3% | $317,300 +23% |
| 2017 | $5,837 +13.7% | $257,974 +34.4% |
| 2016 | $5,132 +7.5% | $191,902 +10% |
| 2015 | $4,772 +15.5% | $174,456 +8.5% |
| 2014 | $4,131 +9.8% | $160,730 +22.2% |
| 2013 | $3,763 +9.9% | $131,496 +10% |
| 2012 | $3,423 -17.1% | $119,542 -21.9% |
| 2011 | $4,131 -14.4% | $153,057 -19% |
| 2010 | $4,829 -3.5% | $188,905 -10.5% |
| 2009 | $5,005 -20.8% | $211,008 -34.1% |
| 2008 | $6,322 +4% | $320,151 -0.6% |
| 2007 | $6,077 +15.5% | $322,068 +33.1% |
| 2006 | $5,263 | $242,033 +8% |
| 2005 | -- | $224,102 +32.3% |
| 2004 | $1,757 +213.2% | $169,358 +10.2% |
| 2003 | $561 -81.7% | $153,676 +19.3% |
| 2002 | $3,061 +3.8% | $128,762 +6.1% |
| 2001 | $2,949 +11.6% | $121,407 +12.8% |
| 2000 | $2,642 +25.8% | $107,629 +0% |
| 1999 | $2,100 | $107,603 |
Find assessor info on the county website
Neighborhood: 33406
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Nearby schools
GreatSchools rating
- 4/10Berkshire Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 6/10Palm Springs Middle SchoolGrades: 6-8Distance: 0.5 mi
- 3/10John I. Leonard High SchoolGrades: PK,9-12Distance: 1.9 mi
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Estimated market value
$1,119,400
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Estimated market value
$1,119,400
- Florida
- Palm Beach County
- West Palm Beach
- 33406
- 4234 Melaleuca Street
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