1 month on rocket

500 Franklin Rd, West Palm Beach, FL, 33405

$725,000

Home List Price

$8,609*

Closing Credit

0 Baths
3,061 SqFt
$237/SqFt
Multi

Location

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500 Franklin Rd, West Palm Beach$725,000

Buyer Closing Credits

$8,609*

1.25% Loan Amount

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Contact Us Phone Number1 (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

WHAT AN OPPORTUNITY ! Incredible Tri-Plex investment opportunity! This property offers a single-level 2/1 unit stucco const. featuring tile floors, a private patio, and a dedicated laundry room, alongside two spacious townhouse-style 3/2 units with CBS const. 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.

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: $725,000
  • Price Per SqFt: $237/SqFt

HOA Fees:

  • Amount: $0
  • Frequency: Monthly

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.

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West Palm Beach, FL

City

Med. Sold Price

$399.4K

Med. Price/SqFt

$273

Avg. Days On Market

69

# of Sold Homes

188

500 Franklin Rd vs West Palm Beach

32 DAYS ON ROCKET

-37 Days

$725,000

+$325.5K More

$237/SqFt

-$37 Less

KEY TAKEAWAY

This property is $325.5K more than the Median Sold Price and $37/SqFt less 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

IDXAll 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: 12/18/2024, 7:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

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

Tax History

YEARPROP. TAXASSESSMENT
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.

Payment Calculator

$3,686

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,240

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4443352
6
/10

  • South Olive Elementary School

  • 7101 S Olive Ave

  • 0.42 miles

  • Public District Grades PK-5

school-card-donut-4443353
5
/10

  • Palmetto Elementary School

  • 5801 Parker Ave

  • 0.43 miles

  • Public Magnet Grades PK-5

school-card-donut-4443354
8
/10

  • Meadow Park Elementary School

  • 956 S Florida Mango Rd

  • 1.35 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,104. Most West Palm Beach, FL residents have annual incomes less than $35k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

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 $725,000.

In November 2024 more than 17 listings in West Palm Beach, FL were sold above the asking price. During the same period more than 25 listings were sold at asking price, while more than 146 were sold below. The inventory of homes for sale in West Palm Beach, FL between October 2024 and November 2024 increased by 11.1%. Listings spent 69 days on the market in November 2024, and had a median list price of $399,465 during the same period.

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

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