Property Listing
940 Charles Street, West Palm Beach, FL 33401
$1,150,000
Beds
0
Baths
0
Square Feet
2,418
Price/SF
$476
Year Built
1950
Property Overview
Rare income-producing triplex in the sought-after Pineapple Park neighborhood of West Palm Beach. Situated on an oversized 9,647 SF lot just minutes from Downtown West Palm Beach, CityPlace, the Brightline station, Palm Beach Island, and some of the area’s best dining, shopping, and entertainment, this property offers a turnkey opportunity in one of South Florida’s most dynamic and rapidly growing markets.The front CBS duplex features two fully renovated short-term rental units with updated kitchens, modern finishes, and private entrances. Both units have demonstrated strong performance with 73–75% occupancy in 2025 and over $77,000 in combined short-term rental revenue.The rear 2BD/1BA single-family home provides additional income and flexibility, making the property ideal for investors seeking diversified revenue streams or an owner-operator looking to offset expenses.In total, the property generated over $102,000 in gross income in 2025, supported by strong rental demand driven by West Palm Beach’s continued growth as a destination for residents, visitors, and relocating professionals.All units offer independent entrances and ample off-street parking, and furniture and furnishings in the short-term rental units convey, creating a turnkey investment ready for immediate operation.
Features & Details
Location
Explore the property location and surrounding neighborhood context within West Palm Beach.
Mortgage Calculator
Estimate monthly payments and basic cash flow for 940 Charles Street, West Palm Beach, FL 33401.
Estimated Monthly Payment
$7,617
Mortgage, taxes, insurance, and HOA estimate.
Cash Flow Analysis
Mortgage Payment
$5,967
Total Monthly Payment
$7,617
Cash Flow
-$7,617
Disclaimer: This calculator provides estimates for informational purposes only. Actual payments may vary based on lender terms, taxes, insurance, HOA fees, and other costs.
Listing Information
MLS ID: A11996590
Listing Office: BAWONS Properties, Inc
Listing Agent: Luke Mauger
Source: MIAMI REALTORS® MLS
Last Updated: Pending live MLS feed
Listing information is provided for consumer informational purposes only. Data will be updated with required MLS attribution, broker attribution, source disclosure, and accuracy disclaimers once the live IDX/MLS feed is connected.
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