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3883 Park Lane, Palm Springs FL 33406

Commercial For Sale
$1,350,000

BTC: 17.16465353

ETH: 533.49140486

New
0 room(s)

Overview

Excellent 5-unit multifamily investment opportunity in Palm Springs. Park Lane Apartments sits on approximately 0.77 acres and includes four 2BR/1BA units and one 3BR/1BA unit. Fully occupied with month-to-month tenants, offering strong value-add potential through renovations and rent increases. Features include separate electric meters, private patios and yards, individual laundry rooms, 16 parking spaces, and a recently repaved and restriped lot. Newer roof installed approximately 2023-2024. Current rents total $9,600/month with projected market rents of approximately $11,900/month. Offered at $1,350,000. Please do not disturb tenants.

Location

Florida • Palm Springs • 33406 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
Assigned
Year Built:
1976
Lot:
0.77 Acres
Heating:
Central
Price/sqft:
No Data
Cooling:
Central Air / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$769,950
$155K – $1.1M
Confidence Low
List vs. estimate
$580K above estimate
List $1,350,000 · +75.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $425K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$16,474
2026
Parking
16 spaces
All facts and features

  • Heating

    • Central

    Cooling

    • Central Air

    • Wall/Window Unit(s)

  • Parking

    • Assigned

    Property

    • Levels: 1

    Lot

    • Lot: 0.77 Acres

    Other Property Information

    • Parcel Number: 70434418000007416

    • Zoning: RM (city)

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Utility

    • Septic

    • Sewer Connected

    • Water Connected

    • Electricity Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $16,474

  • Source details

    • MLS ID: B26074501

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: 1/2 To Less Than 3/4 Acre Lot / Less Than 1 Acre / Septic

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33406
69
median $515K
Active
Same city
Palm Springs
138
median $164K
Active
Same type
Commercial
8
median $869K
Active
Similar price
$944K – $1.8M
4
median $1.2M
Active

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: KW Innovations