920 Selkirk St — Sale in West Palm Beach, FL

  • Price: $475K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: West Palm Beach, FL 33405
  • Size: 436 SF

Investment Figures

Cap rate
4.38%
Price per square foot
$1,089

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. Investment Highlights: • Minutes From Downtown, Palm Beach Island, And I-95 • Strong Rental Demand In Supply-Constrained Submarket • Built In 1940 On A 0.12-Acre Lot With Pitched Shingle Roof • Flexible Unit Mix Of One 1/1 And One Studio

Market Context

This multifamily in West Palm Beach, FL is listed for sale at $475,000 across 436 SF. It is offered at an approximate 4.4% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 137 days. Compare it against other multifamily listings for sale in West Palm Beach, FL — view the full market.

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