241 NW 11th St is a 16-unit multifamily property made up of two adjacent 8-unit buildings. Built in 1979 with durable concrete block construction, it features mostly 2 bed / 1 bath units, individually metered utilities, and 21 surface parking spaces. The property is 100% occupied, generating a operating income (NOI) of approximately $108,000.
Located in central Belle Glade, it’s within walking distance to schools, shops, and employers. Offered at $1,350,000, the investment delivers a cap rate between 8-9.37%, a GRM of 6.95, and a price per unit of ~$84K.
An ideal value-add or turnkey opportunity in South Florida’s workforce housing market.
Located in central Belle Glade, it’s within walking distance to schools, shops, and employers. Offered at $1,350,000, the investment delivers a cap rate between 8-9.37%, a GRM of 6.95, and a price per unit of ~$84K.
An ideal value-add or turnkey opportunity in South Florida’s workforce housing market.
Listing Provided Courtesy of Keller Williams Realty Boca Raton at 561-997-0500
Property Details
Price:
$1,350,000
MLS #:
R11114625
Status:
Active Under Contract
Beds:
0
Baths:
17
Type:
Commercial
Subtype:
Multi Family
Subdivision:
Belle Glade
Neighborhood:
5560
Listed Date:
Aug 11, 2025
Total Sq Ft:
13,220
Lot Size:
891,812,592 sqft / 0.47 acres (approx)
Year Built:
1979
See this Listing
Schools
Interior
Cooling
Wall/Window Unit(s)
Flooring
Other
Heating
Window/Wall
Exterior
Construction Materials
Concrete
Roof
Composition
Security Features
Fire Alarm
Stories
2
Financial
Tax Year
2024
Taxes
$19,052
Map
Community
- Address241 NW 11th 1 Street 13 Belle Glade FL
- CityBelle Glade
- CountyPalm Beach
- Zip Code33430
Subdivisions in Belle Glade
- 19-43-37, SW 1/4 OF SW 1/4 LESS SW 1/4 OF SW 1/4 OF SW 1/4 & SR 715
- ABIDJAN ESTATES
- Acreage & Unrec
- ALFAY GARDENS
- AUSTRALIAN PINE EST ADD 1 IN
- BAILEYS SUB 5
- Belle Glade 2nd add 2
- BEVERLY PARK
- HOLLOWAY OF 3RD ADD TO BELLE GLADE
- LAKE SHORE SUB B G IN
- NORTHMOOR GARDENS
- RADERS SUB
- S/D OF 31-43-37 BY ST SUR
- S/D OF 31-43-37 BY ST SURVEY
- S/D OF 36-43-36 BY ST SURVEY
- SUGAR SUB IN
- SYLDA HEIGHTS BELLE GLADE
- TEDDERS
Market Summary
Current real estate data for Commercial in Belle Glade as of Aug 29, 2026
8
Commercial Listed
153
Avg DOM
$751,613
Avg List Price
Property Summary
- 241 NW 11th 1 Street 13 Belle Glade FL is a Commercial for sale in Belle Glade, FL, 33430. It is listed for $1,350,000 To schedule a showing of MLS#r11114625 at 241 NW 11th 1 Street 13 in Belle Glade, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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