305 Cypress Drive E #1,2,3,4,5, West Palm Beach, FL, 33403
About This Home
Discover this exceptional 5-unit apartment property, a rare opportunity that combines convenience, comfort, and strong investment potential. Four units feature spacious 2-bedroom, 1-bathroom layouts, while the fifth is a charming standalone cottage, offering privacy and versatility for unique rental opportunities. The property has been meticulously maintained inside and out, with beautifully landscaped grounds that enhance its curb appeal. All tenants are currently on month-to-month annual leases, providing flexibility and convenience for the new owner. Each unit is separately metered for both electric and water, maximizing efficiency and reducing overhead. Residents enjoy central air conditioning, impact windows for added comfort and security, as well as the convenience of an on-site laundry facility. The property also comes equipped with a full surveillance system for enhanced safety. Ideally located just blocks from the scenic Intracoastal Waterway, the property offers easy access to shopping, dining, and entertainment. The main roof will be replaced prior to closing, ensuring peace of mind and long-term value. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly desirable location.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1928
Materials
- Roof: Composition
- Construction materials: Block,Frame,Stucco
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex,Multi Family,Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 4
Features
- Window features: Storm Window(s)
- Flooring: Carpet,Ceramic Tile,Linoleum
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 2,919
- Total interior livable area: 2,903 sqft
Property
Details
- Parcel number: 36434220010690440
- Zoning: R1(cit
Features
- Levels: Two
- Stories: 2
- Fencing: Fenced
- Waterfront features: None
Lot
- Lot size: 0.29 Acres
- Features: 1/4 to 1/2 Acre Lot,Sprinklers Automatic,Sprinkler System
- Lot size dimensions: 75.0 ft x 168.0 ft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Palm Beach County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,826 | $81,912 |
| Home Insurance * | $470 | $5,640 |
| Property Taxes | $922 | $11,064 |
| Electricity | $292 | $3,505 |
| Total | $8,510 | $102,120 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-10 | Price change | $1,450,000 |
| 2026-01-12 | Price change | $1,625,000 |
| 2025-09-23 | Listed for sale | $1,750,000 |
| 2025-07-25 | Listing removed | $1,900,000 |
| 2024-11-25 | Listed for sale | $1,900,000 |
| 2024-09-04 | Listing removed | $1,900,000 |
| 2023-09-25 | Listed for sale | $1,900,000 |
For Sale by Agent
View on Zillow