$1,150,000
3063 Floweva Street A
West Palm Beach, FL 33406
Explore the area: West Palm Beach homes for sale · Palm Beach County real estate
Price Check
How this price compares
- List price
- $1,150,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 146
This commercial property in ZIP 33406 is listed at $1,150,000. It has been on the market for 146 days.
Estimated monthly payment
$6,044 /mo
Principal and interest only, based on $230,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,150,000
- Days on Site
- 146 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 2,460 sqft
- Lot Size
- 0.46 Acres
- Year Built
- 1956
- Property Type
- Commercial
- MLS #
- B26022317
- Property Tax
- $13,183 (2025)
- County
- Palm Beach
- Status
- Active
- Special Conditions
- Standard
About This Property
Excellent opportunity to acquire a well-maintained 6-unit multifamily property in South Florida. The property consists of three separate buildings on one parcel: a front triplex with two 1 bed/1 bath units and one 3 bed/1 bath unit, a rear duplex with two 2 bed/1 bath units, and a standalone 1 bed/1 bath cottage. Several units feature private fenced backyards, enhancing tenant appeal and retention. One of the 1 bed/1 bath units will be delivered vacant in June, allowing for immediate rental upside. Each unit has it's own electric meter. Current gross rents total $8,900 /month or $106,800/year. Rents are significantly below market, providing a strong value-add opportunity. Market rent estimates: 1 bed units $1,600-$1,750, 2 bed units $1,900-$2,000, and 3 bed units $2,500+. Pro forma gross income is approximately $133,200 annually. Lease terms and current rents: Unit A (1 bed/1 bath): $1,300/month - Month to Month at Will Unit B (1 bed/1 bath cottage): $1,300/month - Month to Month at Will Unit C (3 bed/1 bath): $1,500/month - Month to Month at Will Unit D (1 bed/1 bath): $1,350/month - Month to Month at Will Unit 3075 (2 bed/1 bath): $1,650/month - lease through 10/31/2026 Unit 3077 (2 bed/1 bath): $1,800/month - lease through 3/31/2027 All leases transitioning to month-to-month at expiration for added flexibility. Two on-site laundry machines are available for tenant use, generating additional passive income via refillable laundry card systems—no coin collection required. Property is in overall good condition with no major deferred maintenance. At the current income level, the property operates at a cap rate of approximately 5.3%. Based on market rents, the pro forma cap rate increases to approximately 6.9%+. This is an excellent opportunity to acquire a stabilized income-producing asset with immediate upside potential in a highly desirable rental market. Offered at $1,125,000 ($187,500 per unit). Rent role attached in MLS. Total monthly rent = $8,900/month Annualized = $8,900 × 12 = $106,800/year
MLS media linkGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1956
- Property Condition
- Resale
- Number of Stories
- 1
- Levels
- One
- Parking
- Common
- Lot Size (Acres)
- 0.46
- Total Sq Ft
- 2,460
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- RM (city)
Interior Features
- Cooling
- Central Air / Wall Window Units
- Heating
- Central / Wall Furnace
- Flooring
- Ceramic Tile
Exterior Features
- Construction
- Block
- Roof
- Tar Gravel
- Lot Features
- Quarter To Half Acre Lot / Subdivision
Community & HOA
- Security
- Fire Alarm
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional
- MLS Area
- 5490
About the Area
West Palm Beach homes for sale range from $200K downtown condos to $8,000,000 Intracoastal estates, more ground than most buyers expect. Clematis Street condos start in the low $200Ks. Northwood Village bungalows trade in the $400K to $600K range. El Cid and Flamingo Park have 1920s to 1940s Mediterranean Revival homes at $500K to $1,200,000. Newer 3-bedroom homes along Forest Hill and Southern Boulevards stay under $450K. South End waterfront estates run $3,000,000 to $8,000,000. The city covers 55 square miles as Palm Beach County's seat. Palm Beach International Airport is 3 miles out. Fort Lauderdale is under 40 minutes via I-95.
- Homes for Sale
- 1,776
- Under Contract
- 580
- Median List Price
- $320,000
- Median Sale Price (September)
- $385,000
- Median $/Sq Ft
- $248
- Avg Days on Market
- 119
Frequently Asked Questions
- How do I schedule a tour of 3063 Floweva Street A, West Palm Beach, FL 33406?
- Use the Tour button on this listing to request a showing of 3063 Floweva Street A, West Palm Beach, FL 33406. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 3063 Floweva Street A, West Palm Beach, FL 33406 still available?
- 3063 Floweva Street A, West Palm Beach, FL 33406 is currently listed as Active, and has been on the market 146 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 3063 Floweva Street A, West Palm Beach, FL 33406?
- With 20% down ($230,000) on the $1,150,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 3063 Floweva Street A, West Palm Beach, FL 33406 is about $6,044/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 3063 Floweva Street A, West Palm Beach, FL 33406?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 3063 Floweva Street A, West Palm Beach, FL 33406. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 3063 Floweva Street A, West Palm Beach, FL 33406?
- Often, yes. The right offer on 3063 Floweva Street A, West Palm Beach, FL 33406 depends on how it's priced against comparable commercial sales in West Palm Beach, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of The Keyes Company
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$1,150,000
Interested in This Property?
Contact us to schedule a showing or ask a question.
Own a home near this one? See what it would sell for today
Listed by Michael J Johnston, The Keyes Company
Map & Location
Featured Communities
Cities in Palm Beach County
Zip Codes in Palm Beach County
Property Types
Recent Sales
Recently sold homes in ZIP 33406
These are the last 6 recorded closings in ZIP 33406, with the price each home actually sold for rather than what it was listed at. They closed at a median of $343 per square foot. The most recent closed on October 14, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$645,000
Sold · October 14, 2026
106 E Chandler Road
4 bed · 4 bath · 1,878 sqft · $343/sqft
$50,000 under the asking price
Sold$235,000
Sold · October 9, 2026
1534 FOREST LAKES Circle D
2 bed · 2 bath · 1,236 sqft · $190/sqft
$9,000 under the asking price
Sold$625,000
Sold · October 7, 2026
446 SANTA FE Road
2 bed · 3 bath · 1,820 sqft · $343/sqft
$126,000 over the asking price
Sold$272,500
Sold · October 2, 2026
3801 VICTORIA Drive
2 bed · 2.5 bath · 1,218 sqft · $224/sqft
$12,400 under the asking price
Sold$1,050,000
Sold · October 1, 2026
1870 Mediterranean Road W
4 bed · 3.5 bath · 2,632 sqft · $399/sqft
$5,000 over the asking price
Sold$632,700
Sold · October 1, 2026
1966 Emilio Lane
4 bed · 2 bath · 1,993 sqft · $317/sqft
$26,866 under the asking price
See every recorded sale in ZIP 33406 or find out what your ZIP 33406 home is worth.
