940 Charles Street, West Palm Beach, FL 33401
$1,100,000
Property Type:
Residential Income
Square Footage:
2,632
Status:
Active
Current Price:
$1,100,000
List Date:
4/07/2026
Last Modified:
7/03/2026
Overview
Description
...
(Read more)
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.
Listing Details MLS# A11996590
General Property Information
- Number Of Units Total
- 3
- Property Sub Type
- Triplex
- Building Area Main
- 2632
- Living Area Main
- 2418
- Adjusted Area Main
- 2395
- Year Built
- 1950
- Parking Total
- 4
- Stories Total
- 2
- Pool Private YN
- No
Property Features
Documents Available:
Investment Analysis; Rent Rolls
Flooring:
Tile
Construction Materials:
CBS; Frame
Cooling:
Central Air; Wall/Window Unit(s); Other
Heating:
Central; Separate Meters
Listing Terms:
Cash; Conventional
Possession:
Close Of Escrow
Roof:
Flat; Shingle
Sewer:
Public Sewer
Tax Information:
Tax Reflects No Exemptions
Utilities:
Cable Available
Showing Requirements:
Call Listing Agent
Unit 1 Parking Features:
Parking Space
Unit 2 Parking Features:
Parking Space
Unit 3 Parking Features:
Parking Space
Contract Information
- Comp Sale YN
- No
- Original List Price
- 1175000
Location and Legal
- Country
- United States
- County Or Parish
- Palm Beach
- County Parish Name
- Palm Beach
- Street Number
- 940
- Street Name
- Charles
- Street Suffix
- Street
- City Name
- West Palm Beach
- Municipal Code
- 74
- State Or Province
- FL
- Postal Code
- 33401
- Postal Code +4
- 7530
- Postal Zip
- 33401
- Subdivision Name
- BELLE VUE ADD TO WPB
- Area
- 5430
- Geographic Area
- PB25
- Elementary School
- Palm Beach Public
- High School
- Forest Hill
- Parcel Number
- 74434328150050120
- Subdivision Number
- 15
- Zoning
- SF14 (ci
- Flood Zone
- AE
- Directions
- From I-95, exit Okeechobee Blvd east. Turn south on Dixie Hwy, then east on Charles St. Property will be on the right.
Financial Information
- Tax Annual Amount
- 14842
- Tax Year
- 2025
- Tax Legal Description
- BELLEVUE LT 12 BLK 5 & E 1/2 OF 50 FT ABND PT OF GLENWOOD RD LYG W OF & ADJ TO
- Estimated Monthly Assoc Recurring Fee
- 0
Status Change Information
- Major Change Timestamp
- 2026-07-03T15:47:56Z
- Major Change Type
- Back on Market
- Price Change Timestamp
- 2026-06-12T15:46:37Z
- Status Change Date
- 2026-07-03
More Information
Income and Expenses
- Gross Income
- 9000
Unit 1 Details
- Actual Rent
- 3527
- Baths Full
- Yes
- Efficiency YN
- No
- Furnished
- Furnished
Unit 1 Lease Description
- Lease Term
- Month To Month
Unit 2 Details
- Actual Rent
- 2973
- Baths Full
- Yes
- Efficiency YN
- No
- Furnished
- Furnished
Unit 2 Lease Description
- Lease Term
- Month To Month
Unit 3 Details
- Actual Rent
- 2500
- Baths Full
- Yes
- Efficiency YN
- No
Unit 3 Lease Description
- Currently Leased YN
- Yes
Price Calculations
- Current Price To SqFt
- 454.92
Section Details
- Parcel Number MLX
- 0120
Originating Details
- Originating System Key
- 451139519
- Originating System ID
- M00000151
Office/Member Information
- DXORIGMLSID
- SEF
Flooring
- Tile
- Yes
Documents Available
- Investment Analysis
- Yes
- Rent Rolls
- Yes
Possession
- Close Of Escrow
- Yes
Sewer
- Public Sewer
- Yes
Utilities
- Cable Available
- Yes
Heating
- Central
- Yes
- Separate Meters
- Yes
Construction Materials
- CBS
- Yes
- Frame
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Roof
- Flat
- Yes
- Shingle
- Yes
Cooling
- Central Air
- Yes
- Wall/Window Unit(s)
- Yes
- Other
- Yes
Showing Requirements
- Call Listing Agent
- Yes
Tax Information
- Tax Reflects No Exemptions
- Yes
Unit 1 Parking Features
- Parking Space
- Yes
Unit 2 Parking Features
- Parking Space
- Yes
Unit 3 Parking Features
- Parking Space
- Yes
Listing Office:
BAWONS Properties, Inc
Last Updated: July - 03 - 2026
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