**NEW ROOF's Aug 2025****New Water Heaters**This investment opportunity features two side-by-side duplexes in the rapidly growing Riviera Beach area. 2 Duplexes being sold together.461 silver beach Parcel # 56434228350410020MLS#: RX-11068125 &451 silver beach parcel # 56434228350410030MLS#: RX-11068096. A total of four income-producing units with existing tenants and significant upside potential through rental increases.** Two Adjacent Duplexes being sold together. (Four Units Total) ($225,000 per door) Each unit features two bedrooms and one bathroom with washer/Dryer Hookups -Each unit is separately metered electric.High Rental Demand area with strong appreciation potential. *(market rents $2,000 per unit)*Current Lease Details below: **Unit 1: 2 bed 1 bath -lease expires 5/25 - $1,800 per month **Unit 2: 2 bed 1 bath -lease expires 1/26 - $1,700 per month **Unit 3: 2 bed 1 bath - Vacant **Unit 4: 2 bed 1 bath - lease expires 2/26 -$1,800 per month. Immediate UpsideOne vacant unit ready to lease at full market rent
Below-Market Rents: Current leases provide opportunity to increase rents to market rates upon renewal
Projected Gross Rental Income: If all units are rented at market rates, estimated gross income could reach $7,600 to $8,000 per month
Separate Meters: Tenants pay their own utilities, reducing landlord expenses
Long-Term Leases: Leases secured through 2025 and 2026, ensuring stable cash flow
High Occupancy and Demand: Riviera Beach remains a competitive rental market with increasing property values
Why Invest in Riviera Beach?
Riviera Beach is experiencing major redevelopment, making it a prime location for real estate investment. Local improvements include:
Riviera Beach Marina Redevelopment, a multimillion-dollar waterfront revitalization increasing property values
Expansion of luxury residential and mixed-use developments, strengthening rental demand
New infrastructure projects, including road expansions and commercial growth
Close proximity to Singer Island, Palm Beach Gardens, and Downtown West Palm Beach
Ideal for Investors Looking For:
Turnkey Cash Flow Opportunity: Fully leased units with immediate potential for rental increases
Strong Market Appreciation: Rapidly growing area with long-term value potential
1031 Exchange Investment: Excellent opportunity for reinvestment and tax benefits
For sale
Price increase: $440K (7/31)
$890,000
461 Silver Beach Road #1, Riviera Beach, FL 33403
8beds
3,360sqft
Est.:
Multi Family
Built in 1964
-- sqft lot
$443,000 Zestimate®
$265/sqft
$-- HOA
What's special
Two bedroomsOne bathroom
- 160 days
- on Zillow |
- 182 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: 13 hours ago
Listed by:
Michael J Johnston 561-577-0398,
The Keyes Company,
Maby Cuevas 786-251-8462,
The Keyes Company
Source: BeachesMLS,MLS#: RX-11068125
Originating MLS: Beaches MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Window/Wall
Cooling
- Wall/Window Unit(s), A/C Unit
Appliances
- Included: Refrigerator
- Laundry: W/D Hookup
Features
- Flooring: Terrazzo
Interior area
- Total structure area: 3,876
- Total interior livable area: 3,360 sqft
Video & virtual tour
Property
Parking
- Parking features: Open, Open Parking
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Covered Patio
- Waterfront features: None
Lot
- Size: 8,050 Square Feet
- Features: < 1/4 Acre
Details
- Parcel number: Parcel # 56434228350410020
- Zoning: RD-15(
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- CBS
- Roof: Comp Shingle
Condition
- Resale
- New construction: No
- Year built: 1964
Utilities & green energy
- Electric: Separate Electrical Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Features: Ball Field, Boating, Park, Play Area, Playground, Sidewalks, Street Lights
- Subdivision: Park Manor 6
Location
- Region: Riviera Beach
Financial & listing details
- Price per square foot: $265/sqft
- Tax assessed value: $291,668
- Annual tax amount: $5,704
- Date on market: 3/4/2025
- Listing terms: Cash,Conventional
- Tenant pays: Cable TV, Electricity
- Electric utility on property: Yes
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