940 Charles Street, West Palm Beach, FL 33401

$975,000 · Closed

  • 0 baths
  • 2,418 sq ft
  • Triplex
  • Built 1950
  • MLS# A11996590
  • Belle Vue Add To Wpb
Photo 1 at 940 Charles Street, West Palm Beach

About this home

Rare income-producing triplex in the highly 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, and Palm Beach Island, this property offers a turnkey investment opportunity in one of South Florida's fastest-growing markets.The front CBS duplex features two beautifully renovated short-term rental units with updated kitchens, modern finishes, private entrances, and furnishings included for immediate operation. Despite a three-month vacancy in 2025 during a unit conversion and introductory pricing, the duplex achieved 73-75% occupancy and generated over $77,000 in short-term rental revenue.The rear 2BD/1BA single-family home sits on its own driveway with a private entrance and single family feel, providing additional income and flexibility 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, with potential for up to 30% additional upside through occupancy optimization and unit repositioning.All three units feature independent entrances and ample off-street parking. With established income history, turnkey condition, and proximity to West Palm Beach's strongest lifestyle and employment centers, this property presents an exceptional investment opportunity with immediate cash flow and meaningful upside potential.

Schools

  • Elementary: Palm Beach Public
  • High: Forest Hill

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

BAWONS Properties, Inc · Listing agent: Luke Mauger

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 940 Charles Street.

Questions About 940 Charles Street

How much is 940 Charles Street?
940 Charles Street is listed at $975,000, which is about $403 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 940 Charles Street?
The listing reports annual property taxes of $14,842 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 940 Charles Street built?
940 Charles Street was built in 1950 and the listing describes its condition as . 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 940 Charles Street been on the market?
940 Charles Street has been listed for 117 days, and the asking price has been reduced from $1,175,000. Days on market and price changes are the first signals of how much room there is to negotiate.
Which schools serve 940 Charles Street?
The MLS lists Palm Beach Public (elementary), Forest Hill (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 940 Charles Street?
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.

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The home at 1332 LONGWOOD Street, West Palm Beach, FL 33401 is comparable and listed for sale at $790,000. Other West Palm Beach neighborhoods include Flamingo Park and Grandview Heights. Nearby ZIP codes include 33405 and 33406. This property also neighbors Palm Beach, Lake Worth Beach, and North Palm Beach. Compare it with the West Palm Beach housing market report.