Palm Springs Investment Properties & Multifamily for Sale

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Live BeachesMLS listings matching this search in Palm Springs, Florida, updated throughout the day.

Income property in Palm Springs is small and close to the village center: duplexes, triplexes and fourplexes on streets such as Reo Lane, Ford Road, Serubi Avenue and Apalachee Road, plus larger lots zoned for several units. Many investors here also look at single family houses to lease by the year, since the village streets have no association to approve a tenant. Check that every unit is permitted and separately metered, read the leases and the deposits, and confirm the village's rules on rentals and short stays. Get Your Investment Property Analysis: we price the rent from Palm Springs leases and the resale from matched sales.

5 listings, newest first.

The 5 listings on this page run from $575,000 to $1,290,000, with a median of $1,100,000, about $443 per square foot, and they have been listed a median of 102 days.

The community with the most listings here is Palm Spring (2), 2 of the 5; the others are spread across 3 more communities. All of them are multifamily properties. They were built between 1955 and 1976, a median of 1974. 1 of the 5 have a pool. They sit in 2 ZIP codes: 33406 and 33461.

What Investors Buy in Palm Springs

Investors in Palm Springs buy three things. The first is small multifamily near the village center, duplexes, triplexes and fourplexes on streets such as Reo Lane, Ford Road, Serubi Avenue and Apalachee Road, some renovated with permits and some older and sold with tenants. The second is single family houses on the village plats to lease by the year, where the lack of an association keeps leasing simple. The third is land zoned for more than one home, from a large parcel on Palm Acres Drive to a lakefront lot on Miller Road, bought for what the village code will let a builder put on it in Palm Springs.

Reading the Numbers in Palm Springs

Reading the numbers on a Palm Springs rental starts with the leases in place, because asking rents in a listing often run ahead of what tenants sign. Add the insurance for a building of that age and roof, property tax at the new purchase price, a reserve for the roof and air conditioning, a management fee and a vacancy allowance. For a multifamily building, confirm every unit is permitted with the village, since an unpermitted unit can cut both the appraisal and the insurance. Then set the result against what comparable Palm Springs buildings actually sold for.

The Numbers on These Listings

Straight from the MLS, updated through the day. Income and capitalization rates are what the listing agent published, not audited figures: treat them as the start of underwriting, and ask for certified operating statements before you offer.

Property	Price	Units	Per unit	Income	Cap rate	Taxes	HOA	Days on market
2785 Reo Lane 1 (reduced from $1,200,000)	$1,100,000	3	$366,667	$828,000 gross	—	$8,838	—	102 days
3056 FORD Road	$670,000	3	$223,333	$61,800 net	9.2%	$6,149	—	19 days
2807 Reo Lane 1 (reduced from $1,300,000)	$1,100,000	3	$366,667	$82,800 gross	—	$8,837	—	131 days
3918 Serubi Avenue (reduced from $4,200,000)	$1,290,000	4	$322,500	$100,000 net	7.8%	$10,528	—	85 days
2907 Apalachee Road (reduced from $599,000)	$575,000	2	$287,500	$36,000 net	6.3%	$7,791	—	345 days

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BreakThru Realty sends new income property matching this search as it comes on the market, and will underwrite any listing with you: the rents in place, the taxes as they reset on sale, insurance quoted today, and what comparable buildings actually traded for.

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