Miller Avenue Apartments — Sale in West Palm Beach, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: West Palm Beach, FL 33405

Investment Figures

Cap rate
5.43%

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 Miller Avenue Apartments, a three-unit multifamily property located at 3804 Miller Avenue in West Palm Beach, Florida. Built in 1930, the property totals 1,578 gross square feet and is situated on a 0.20-acre lot. The building is of wood frame construction and features window unit air conditioning throughout. The unit mix consists of two one-bedroom/one-bathroom units and one three-bedroom/two-bathroom unit, providing a balanced combination of smaller and larger floorplans that appeal to a diverse tenant base. The low-density layout and larger lot size offer a more residential setting with potential for outdoor space enhancements. The property is ideally located in central West Palm Beach, with convenient access to Downtown West Palm Beach, I-95, and Palm Beach International Airport, as well as nearby employment hubs including Good Samaritan Medical Center and the surrounding commercial corridors. Residents also benefit from proximity to local retail, dining, and recreational amenities, including parks and waterfront attractions along the Intracoastal. Miller Avenue Apartments presents an opportunity to acquire a well-located, boutique multifamily asset in a growing submarket with strong rental demand, offering both stable in-place income and long-term upside potential. Investment Highlights: • Convenient access to Downtown West Palm Beach, I-95, and PBI Airport • Strong demand drivers from nearby medical, retail, and employment centers • 3-unit property with a functional mix of (2) 1/1's and (1) 3/2

Market Context

This multifamily in West Palm Beach, FL is listed for sale. It is offered at an approximate 5.4% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in West Palm Beach, FL — view the full market.

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