500 Franklin Rd, West Palm Beach, FL, 33405

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500 Franklin Rd, West Palm Beach$925,000

Buyer Closing Credits

$10,000^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeTriplex

Year Built1968

HeatingCentral, Electric

CoolingCeiling Fan(s), Central Air

WaterfrontNone

ViewGarden

MLS #RX-11037451

StatusActive

About 500 Franklin Rd

Incredible Tri-Plex investment opportunity! This property offers a single-level 2/1 unit featuring tile floors, a private patio, and a dedicated laundry room, alongside two spacious townhouse-style 3/2 units. The townhouse units boast one bedroom downstairs, two bedrooms and two baths upstairs, tile flooring throughout, and a welcoming open living/dining area with rear patios for outdoor enjoyment. The 6407 unit's kitchen has been updated. All units come equipped with washers and dryers. Long-term, reliable, month to month tenants currently occupy the units. Conveniently located just west of US 1 and north of Forest Hill Blvd., providing quick access to shopping, dining, and the vibrant downtown West Palm Beach area.

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Property Details

Property Features

Property Information:

• Year Built: 1968
• Stories: 2
• Living Area: 3,061 SqFt

Listing Office:

• Office Name: Treu Group Real Estate
• Office Phone: (561) 350-7883
• Listing Agent: Lisa Treu

Interior Features

Interior Information:

• Flooring Type: Carpet, Ceramic Tile

Exterior Features

Exterior Information:

• Private Pool: No
• Waterfront: None
• View: Garden
• Exterior: Fence, Open Patio

Virtual/3D Tour

• Virtual Tour: 500 Franklin Rd

Virtual Tour

Lot Features

Lot Information:

• Lot: Corner Lot, Paved, Sidewalk

Utilities

Utilities Information:

• Heating: Central, Electric
• Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

• Directions: Head east on Forest Hill Blvd for approximately 1.5 miles. Turn left onto S Dixie Hwy. After 0.3 miles, turn right onto Franklin Rd. The destination is on the left.

Price Information

Listing Price Info

Price Summary:

• List Price: $925,000
• Price Per SqFt: $302/SqFt

Tax Information:

• Annual Amount: $8,826
• Tax Year: 2020

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Housing Market Comparison

See how this home compares to others in West Palm Beach, FL.

West Palm Beach, FL

City

Med. Sold Price

$395.6K

Med. Price/SqFt

$272

Avg. Days On Market

72

# of Sold Homes

196

500 Franklin Rd vs West Palm Beach

1 DAY ON ROCKET

-71 Days

$925,000

+$529.3K More

$302/SqFt

+$29 More

KEY TAKEAWAY

This property is $529.3K more than the Median Sold Price and $29/SqFt more than other homes in West Palm Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #RX-11037451

Listing Office:

• Office Name: Treu Group Real Estate
• Office Phone: (561) 350-7883
• Listing Agent: Lisa Treu

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 8:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
May 25, 2018	May 25, 2018Home Sold	$390,000
Jun 04, 2009	Jun 04, 2009Home Sold	$152,000
Jun 07, 2006	Jun 07, 2006Home Sold	$290,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$8,826	$371,543
2019	$8,163	$337,883
2018	$6,598	$270,463
2017	$5,999	$245,875

History based on county public records data.

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**Disclosures

Rocket Homes›Florida›Palm Beach County›West Palm Beach›33405›500 Franklin Rd

This home is located at 500 Franklin Rd in West Palm Beach, FL and zip code 33405 in the Southside neighborhood. This 3,061 square foot home was built in 1968. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $925,000.

In October 2024 more than 16 listings in West Palm Beach, FL were sold above the asking price. During the same period more than 27 listings were sold at asking price, while more than 153 were sold below. In October 2024 in West Palm Beach, FL there were 7.1% more homes for sale than in September 2024. In October 2024, listings were on the market for 72 days. During the same period, the median list price in this real estate market was $395,666.

From Rocket Homes Real Estate and based on county public records data.