Kirkview Apartments — Sale in Palm Springs, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Palm Springs, FL 33461

Photos

Kirkview Apartments — Sale in Palm Springs, FL, photo 1 of 2
Kirkview Apartments — Sale in Palm Springs, FL, photo 2 of 2

Investment Figures

Cap rate
5.51%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present a six-unit multifamily property located at 3874 7th Avenue N in Palm Springs, Florida. Built in 1959, the property totals 4,827 gross square feet and is situated on a 0.64-acre lot. The property features concrete block construction with a pitched composite shingle roof, offering long-term durability and reduced maintenance. The property features a diverse unit mix consisting of 1 studio unit (427 SF), 1 one-bedroom/one-bathroom unit (650 SF), 2 two-bedroom/one-bathroom units (825 SF each), and 2 three-bedroom/one-bathroom units (1,050 SF each). The larger floorplans cater to a broad tenant base and continue to experience strong demand within the Palm Springs rental market. Ideally located near Congress Avenue, Forest Hill Boulevard, and Interstate 95, the property offers convenient access to major employment centers throughout Palm Beach County. Residents are just minutes from Downtown West Palm Beach, Palm Beach International Airport, JFK Medical Center, and a variety of shopping, dining, and entertainment destinations. Palm Springs continues to benefit from strong rental demand driven by its central location, limited multifamily inventory, and proximity to major employment, healthcare, and transportation hubs. The combination of a large site, spacious unit mix, and excellent accessibility positions the property for stable occupancy and long-term appreciation. The Kirkview Apartments presents an opportunity to acquire a boutique multifamily asset in the heart of Palm Beach County, offering a desirable mix of unit sizes, durable construction, and long-term investment potential in an established rental market. Investment Highlights: • Concrete Block Construction With A Pitched Composite Shingle Roof • Diverse Unit Mix Including Studio, 1-, 2-, And 3-Bedroom Floorplans • Convenient Access To I-95, DJT (PBI) Airport, Downtown West Palm Beach, And Major Employment Centers • Each Unit is Equipped with Hookups for Washer & Dryer

Market Context

This multifamily in Palm Springs, FL is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Palm Springs, FL — view the full market.

As of Q2 2026, the Palm Beach multifamily market showed a 6.7% vacancy rate. Source: Cushman & Wakefield Q2 2026 market report.

Multifamily market FAQ

Is the Palm Beach multifamily market tightening or softening?
Vacancy is around 6.7% (Q2 2026).

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