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31456920
31456921

920 Selkirk St, West Palm Beach, FL 33405

ER
FL FL SL3134745
Marcus & Millichap - Fort Lauderdale
CS
FL SL-3605832
Marcus & Millichap - Fort Lauderdale
DC
FL SL 3234051
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$425,000
63 days on market
Updated 14 days ago

Selkirk Apartments

Details
APN 74-43-44-04-21-003-0090
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,089
Net Rentable (SqFt) 960
Units 2
Cap Rate 4.58%
NOI $19,482
Occupancy 100%
Pro-Forma Cap Rate 5.29%
Pro-Forma NOI $22,477
Price per SqFt $390
Broker Co-Op Yes
Class C
Year Built 1940
Buildings 1
Stories 2
Acreage 0.120
Zoning SF7
Investment Type Value Add
Occupancy Date 04/02/2026
Ownership Fee Simple

Duplex Minutes From Downtown West Palm Beach and the Barrier Island

Marketing description

Marcus & Millichap is pleased to present Selkirk Apartments, a boutique two-unit multifamily property located at 920 Selkirk Street in West Palm Beach, Florida. Built in 1940, the property totals 1,089 gross square feet and is situated on a 0.12-acre lot. The two-story duplex features one one-bedroom/one-bathroom unit and one studio unit, offering flexible leasing potential in a high-demand rental corridor. The building is equipped with a pitched composite shingle roof and window-unit air conditioning, providing straightforward maintenance and efficient operation. Its compact footprint and manageable unit count make it ideal for private investors seeking a low-density asset with minimal overhead.

Selkirk Apartments benefits from a prime location in West Palm Beach’s desirable southern corridor, just minutes from Downtown West Palm Beach, Palm Beach Island, and Interstate 95. The property is near major employment drivers including Good Samaritan Medical Center, the downtown financial district, and the rapidly expanding Rosemary Square area. With continued residential and mixed-use development throughout the city, Selkirk Apartments offers stable in-place income with long-term appreciation potential in one of Palm Beach County’s most dynamic submarkets.

Investment highlights

  • Minutes From Downtown, Palm Beach Island, And I-95
  • Strong Rental Demand In Supply-Constrained Submarket
  • Built In 1940 On A 0.12-Acre Lot With Pitched Shingle Roof
  • Flexible Unit Mix Of One 1/1 And One Studio

Listing Contacts

ER
FL FL SL3134745
Marcus & Millichap - Fort Lauderdale
CS
FL SL-3605832
Marcus & Millichap - Fort Lauderdale
DC
FL SL 3234051
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$19,482.00
$1,623.50/mo

Valuation Metrics

0
DSCR
4.58%
Cap Rate
4.58%
ROI

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Additional Information

Name
Evan Richardson
License
FL SL3134745
Name
Cory Sanchez
License
SL-3605832
Brokerage
Marcus & Millichap
Title
Associate
Brokerage Address
5900 North Andrews Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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