Neil Road Apartments 733 Neil Rd Immeuble residentiel 6 lots 1 099 287 € (183 214 €/Lot) Taux de capitalisation 6,61 % West Palm Beach, FL 33415

Marcus & Millichap, as the exclusive listing agent, is pleased to present Neil Road Apartments, a well-maintained six-unit multifamily property located in West Palm Beach, Florida. Built in 1980, the property consists of three buildings totaling 5,310 gross square feet and 4,830 rentable square feet, situated on a 0.59-acre lot. The unit mix includes six two-bedroom, one-bathroom apartments with functional layouts that cater well to long-term tenants.
The property features in-unit washer and dryer hookups, private fenced backyards, and new central air conditioning systems throughout. Interior improvements include renovated kitchens and bathrooms in most units, boasting quartz or granite countertops, updated cabinetry, and stainless steel appliances. Bathrooms feature modern finishes including new vanities, tilework, and contemporary lighting. Each unit is separately metered for both water and electricity.
With a low-density layout and generous lot size, Neil Road Apartments offers residents a more private, residential atmosphere and ample on-site parking.
The property is ideally located just minutes from Downtown West Palm Beach, Palm Beach International Airport (less than four miles away), and key transit corridors including I-95. The area benefits from ongoing economic growth and development, drawing steady demand from both working professionals and families.
Neil Road Apartments presents a rare opportunity to acquire a stabilized, renovated asset with long-term upside in one of Palm Beach County’s most dynamic submarkets.