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212 Oleander Avenue, Palm Beach, FL 33480

$6,250,000
Property Type: Comm/Industry Baths: 12 Square Footage: 3,680 Status: Active
Current Price: $6,250,000 Last Modified: 9/23/2025

Description

Exceptional investment opportunity in Palm Beach! This fully renovated 8-unit multi-family building is ideally located just one block from the Ocean and one block from the scenic Lake Trail. The property offers a desirable unit mix: 4 studio apartments, 2 one-bedroom/1.5-bath units, and 2 two-bedroom/two-bath units. Every residence has been updated from top to bottom and features impact-rated windows and doors. The building is fully leased, providing immediate cash flow in one of South Florida's most sought-after markets. With its prime location and modern upgrades, this property is a rare chance to own a turnkey asset in Palm Beach.

More Information MLS# RX-11126123

Contract Information

Auction: No List Price/Bldg SqFt: 1698.37 Negotiable Seller Concessions YN: Yes Status: Active Original List Price: 6250000 List Price: $6,250,000 Current Price: $6,250,000 Listing Date: 2025-09-22

General Property Description

For Sale: Yes For Lease: No Property Desc: Multi-Family Acres: 0.1 Waterfront: No SqFt Source: Tax Rolls # of Stories: 2 Total Units: 8 % Air Conditioned: 100 Type: MultiFamily (5+ Units) Subdivision: JEANETTE COURT Year Built: 1928 SqFt - Living: 3680 Baths - Total: 12

Location, Tax & Legal

Geo Area: PB30 Country: United States State/Province: FL Tax Year: 2024 Zoning: R-C(ci Real Estate Taxes: 35622.5 Area: 5002 County: Palm Beach Parcel ID: 50434315060000040 Street #: 212 Street Name: Oleander Street Suffix: Avenue Zip Code: 33480 Legal Desc: JEANETTE COURT ADD LT 4 Geo Lat: 26.721268 Geo Lon: -80.038523

Office/Member Info

DXORIGMLNO: RX-11126123 DXORIGMLSID: RML

Building Info

# of Tenants: 8

Type of Building

Resident. Multi-Fam.: 1

Unit 1

Unit Desc: 1 Bedroom Full Baths: 1 Half Baths: 1 Ann Rent: 4000 Rent Period: Month

Unit 2

Unit Desc: 2 Bedroom Full Baths: 2 Ann Rent: 4000 Rent Period: Month

Sale Includes

Building and Land: 1

Unit 3

Unit Desc: 1 Bedroom Full Baths: 1 Half Baths: 1 Ann Rent: 4000 Rent Period: Month

Unit 4

Unit Desc: 2 Bedroom Full Baths: 2 Ann Rent: 3200 Rent Period: Month

Avail Info

Existing Survey: 1 Owner managed: 1

Unit 5

Unit Desc: Efficiency Full Baths: 1 Ann Rent: 2000 Rent Period: Month

Construction

Stucco: 1

Avail Docs

Survey: 1

Unit 6

Unit Desc: Efficiency Full Baths: 1 Ann Rent: 2000 Rent Period: Month

Unit 7

Unit Desc: Efficiency Full Baths: 1 Ann Rent: 1750 Rent Period: Month

Unit 8

Unit Desc: Efficiency Full Baths: 1 Ann Rent: 2000 Rent Period: Month

Cooling

Central Individual: 1 Humidistat: 1 Wall-Win A/C: 1

Heating

Electric: 1

Tenant Pays

Cable: 1 Electric: 1

Use

Income: 1

Flooring

Tile: 1 Wood Floor: 1

Utilities

Cable: 1 Electric: 1 Public Sewer: 1 Public Water: 1

Fire Protect

Smoke Detector: 1

Roof

Other: 1

Terms Considered

Cash: 1 Conventional: 1

Possession

Funding: 1 Subject to Lease: 1

Lease

Subject to Lease: 1

Property Features

Use: Income Type of Building: Resident. Multi-Fam. Construction: Stucco Sale Includes: Building and Land Avail Docs: Survey Avail Info: Existing Survey; Owner managed Flooring: Tile; Wood Floor Cooling: Central Individual; Humidistat; Wall-Win A/C Heating: Electric Fire Protect: Smoke Detector Tenant Pays: Cable; Electric Utilities: Cable; Electric; Public Sewer; Public Water Roof: Other Terms Considered: Cash; Conventional Lease: Subject to Lease Possession: Funding; Subject to Lease
Listing Office: Douglas Elliman (Jupiter)
Last Updated: September - 23 - 2025
212 Oleander Avenue, Palm Beach, FL 33480- MLS# RX-11126123
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