How much is 305 CYPRESS Drive 1,2,3,4,5?

305 CYPRESS Drive 1,2,3,4,5 is listed at $1,280,000, which is about $511 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.

What are the property taxes on 305 CYPRESS Drive 1,2,3,4,5?

The listing reports annual property taxes of $16,955 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.

When was 305 CYPRESS Drive 1,2,3,4,5 built?

305 CYPRESS Drive 1,2,3,4,5 was built in 1928 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.

How long has 305 CYPRESS Drive 1,2,3,4,5 been on the market?

305 CYPRESS Drive 1,2,3,4,5 has been listed for 36 days. Days on market and price changes are the first signals of how much room there is to negotiate.

Which schools serve 305 CYPRESS Drive 1,2,3,4,5?

The MLS lists Lake Park (elementary), Howell L. Watkins (middle), Palm Beach Gardens (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.

How do I see 305 CYPRESS Drive 1,2,3,4,5?

Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

305 CYPRESS Drive 1,2,3,4,5, Lake Park, FL 33403

$1,280,000 · Active

0 baths
2,504 sq ft
Quadruplex
Built 1928
Lot 12,632.4 sq ft
Palm Beach County
MLS# B26080606
Kelsey City

16-305 Cypress Drive-16 at 305 CYPRESS Drive 1,2,3,4,5, Lake Park

15-305 Cypress Drive-15 at 305 CYPRESS Drive 1,2,3,4,5, Lake Park

14-305 Cypress Drive-14 at 305 CYPRESS Drive 1,2,3,4,5, Lake Park

19-305 Cypress Drive-19 at 305 CYPRESS Drive 1,2,3,4,5, Lake Park

20-305 Cypress Drive-20 at 305 CYPRESS Drive 1,2,3,4,5, Lake Park

22-305 Cypress Drive-22 at 305 CYPRESS Drive 1,2,3,4,5, Lake Park

21-305 Cypress Drive-21 at 305 CYPRESS Drive 1,2,3,4,5, Lake Park

23-305 Cypress Drive-23 at 305 CYPRESS Drive 1,2,3,4,5, Lake Park

About this home

INCOME-PRODUCING 5-UNIT INVESTMENT PROPERTY - 100% OCCUPIED! Exceptional opportunity to acquire a fully rented, well-maintained multifamily property offering immediate cash flow and an estimated 6.5% cap rate at a $1.28M purchase price, based on current income and operating expenses. The property consists of four spacious 2-bedroom, 1-bath units plus a separate standalone cottage, providing five individual rental units and a diversified income stream. All five units are currently rented, with established tenants, allowing a new owner to begin generating income from day one. The property is owner-managed and has been meticulously maintained inside and out, with attractive landscaping and excellent curb appeal. Tenants enjoy central air conditioning and impact windows, while the property also features an on-site surveillance system for added security. With tenants currently on month-to-month agreements, a new owner has added flexibility when developing a future rental and management strategy. The property also offers potential upside through future rent adjustments as market conditions allow. Ideally located just blocks from the Intracoastal Waterway and convenient to shopping, dining, employment, and entertainment. As an additional benefit, the main roof will be replaced prior to closing, helping reduce a significant near-term capital expense for the new owner. Whether you're expanding an existing portfolio or looking for a stabilized multifamily investment with immediate rental income, this is a rare opportunity to acquire a fully occupied, income-producing 5-unit property in a desirable Palm Beach County location.

Features

Courtyard

Schools

Elementary: Lake Park
Middle: Howell L. Watkins
High: Palm Beach Gardens

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

RE/MAX Prestige Realty/Wellington · connorfaroni@outlook.com · Listing agent: Fabian Robert McCullon

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 305 CYPRESS Drive 1,2,3,4,5.

Questions About 305 CYPRESS Drive 1,2,3,4,5

How much is 305 CYPRESS Drive 1,2,3,4,5?: 305 CYPRESS Drive 1,2,3,4,5 is listed at $1,280,000, which is about $511 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the property taxes on 305 CYPRESS Drive 1,2,3,4,5?: The listing reports annual property taxes of $16,955 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
When was 305 CYPRESS Drive 1,2,3,4,5 built?: 305 CYPRESS Drive 1,2,3,4,5 was built in 1928 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 305 CYPRESS Drive 1,2,3,4,5 been on the market?: 305 CYPRESS Drive 1,2,3,4,5 has been listed for 36 days. Days on market and price changes are the first signals of how much room there is to negotiate.
Which schools serve 305 CYPRESS Drive 1,2,3,4,5?: The MLS lists Lake Park (elementary), Howell L. Watkins (middle), Palm Beach Gardens (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
How do I see 305 CYPRESS Drive 1,2,3,4,5?: Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.
To request a tour, call (786) 914-1017 or email sales@breakthrurealty.com.

Explore

Explore Nearby

Nearby Cities

Nearby ZIP Codes

Nearby ZIP codes include 33410 and 33418. This property also neighbors Riviera Beach, Singer Island, and Palm Beach Shores. Compare it with the Lake Park housing market report.