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5805 Elder Drive, West Palm Beach FL 33415

Multi-family Recently Sold
$435,000

BTC: 5.32272866

ETH: 176.82926829

Sold on: 2024-09-13
New
0 room(s)
1,768 sqft

Overview

Ideal for investors, this spacious ranch-style home in West Palm Beach offers an opportunity for immediate rental income with no HOA restrictions. Situated on an oversized lot adorned with mango and lychee trees. It boasts a flexible floorplan that can easily be configured into a duplex-style setup, offering a private 1 bedroom, 1 bathroom suite with its own living space on the left and a 3 bedrooms, 2 bathrooms on the right side of the home. The expansive backyard provides ample space to add a pool, enhancing the appeal for tenants seeking leisure and comfort. Additional benefits include impact-resistant windows throughout and a recently updated roof, ensuring low maintenance and peace of mind. This property is a prime investment, ready to generate income in a desirable location.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1969
Lot:
0.28 Acres
Heating:
Central / Electric
Price/sqft:
$246
Cooling:
Central Air / Electric
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$435,000
$347K – $537K
Confidence Low
List vs. estimate
At estimate
List $435,000 · +0.0%
List is in line with recent comparable activity.
Price per sq ft
$246
-37.9% vs. city median $396
Based on
5 MLS comparables
+ 29 public-records sales within 0.5 mi
Median actual sale: $182K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$5,146
2023
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

  • Property

    • Levels: 1

    • Exterior Features: Fruit Trees / Room For Pool

    Lot

    • Lot: 0.28 Acres

    Other Property Information

    • Parcel Number: 00424414110220311

    • Zoning: RM/MULTI-FAMIL

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Connected

    • Sewer Connected

    • Water Connected

    • Cable Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $5,146

  • Source details

    • MLS ID: R10999152

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot / Fenced

    • Patio And Porch Features: Patio / Screened Porch

    • Window Features: Complete Impact Glass

    • Architectural Style: Twin Home / Half Duplex / Twin Homes

    • Living Area: 1768

    • Water Source: Public

    • Subdivision Name: Forest Hill Village

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: EXP Realty LLC