Introducing a rare opportunity to own a Spanish-style detached triplex in the sought-after area of West Palm Beach. This investment gem offers a current cap rate of 8.61%, making it an attractive option for those looking to enhance their real estate portfolio.Property Highlights:-Three separate rental units present a steady income stream. Unit 1 will be available by 10/31/25. Unit 2 is currently under a lease that runs through 9/1/25. Unit 3 is on a six-month lease, set to expire on 3/31/25.Monthly Income:Unit 1 - $2,100Unit 2 - $1,450Unit 3 - $900-Built on a 50 x 105 lot, this property showcases classic stucco exterior walls with a durable built-up roof, ensuring long-lasting quality and minimal maintenance.
Details
MLS#
R11019429
Listing Type
For Sale
Style
Town House
Sub-Type
Resale
Status
Active Under Contract
Year
1926
Days On Site
220
Listing Provided By
Keller Williams Realty/P B | Maria Termotto
Features
SQ Feet
1,700
Story(s)
1
Units
3
Zoning
SF7(ci
Market Activity 33407
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Mar 2025
Sales: 20
Avg $ Per SqFt: $63.38
Min Sale Price: $1,200
Max Sale Price: $875,000
Med Sale Price: $1,900
Date: Feb 2025
Sales: 16
Avg $ Per SqFt: $89.95
Min Sale Price: $1,250
Max Sale Price: $610,000
Med Sale Price: $2,900
Date: Jan 2025
Sales: 19
Avg $ Per SqFt: $104.65
Min Sale Price: $1,349
Max Sale Price: $600,000
Med Sale Price: $2,300
Date: Dec 2024
Sales: 5
Avg $ Per SqFt: $90.31
Min Sale Price: $1,700
Max Sale Price: $650,000
Med Sale Price: $2,300
Date: Nov 2024
Sales: 13
Avg $ Per SqFt: $344.73
Min Sale Price: $1,500
Max Sale Price: $2,200,000
Med Sale Price: $404,000
Date: Oct 2024
Sales: 8
Avg $ Per SqFt: $89.51
Min Sale Price: $1,900
Max Sale Price: $400,000
Med Sale Price: $2,750
Date: Sep 2024
Sales: 9
Avg $ Per SqFt: $271.41
Min Sale Price: $1,600
Max Sale Price: $2,000,000
Med Sale Price: $359,900
Date: Aug 2024
Sales: 2
Avg $ Per SqFt: $338.34
Min Sale Price: $505,000
Max Sale Price: $571,000
Med Sale Price: $538,000
Date: Jul 2024
Sales: 1
Avg $ Per SqFt: $2.07
Min Sale Price: $1,500
Max Sale Price: $1,500
Med Sale Price: $1,500
Date: Jun 2024
Sales: 1
Avg $ Per SqFt: $2.57
Min Sale Price: $2,000
Max Sale Price: $2,000
Med Sale Price: $2,000
Date: Apr 2024
Sales: 2
Avg $ Per SqFt: $369.98
Min Sale Price: $225,000
Max Sale Price: $1,800,000
Med Sale Price: $1,012,500
Sourced by Back At You
Mar 2025
Sales:
20
Avg $ Per SqFt:
$63.38
Min Sale Price:
$1,200
Max Sale Price:
$875,000
Med Sale Price:
$1,900
Feb 2025
Sales:
16
Avg $ Per SqFt:
$89.95
Min Sale Price:
$1,250
Max Sale Price:
$610,000
Med Sale Price:
$2,900
Jan 2025
Sales:
19
Avg $ Per SqFt:
$104.65
Min Sale Price:
$1,349
Max Sale Price:
$600,000
Med Sale Price:
$2,300
Dec 2024
Sales:
5
Avg $ Per SqFt:
$90.31
Min Sale Price:
$1,700
Max Sale Price:
$650,000
Med Sale Price:
$2,300
Nov 2024
Sales:
13
Avg $ Per SqFt:
$344.73
Min Sale Price:
$1,500
Max Sale Price:
$2,200,000
Med Sale Price:
$404,000
Oct 2024
Sales:
8
Avg $ Per SqFt:
$89.51
Min Sale Price:
$1,900
Max Sale Price:
$400,000
Med Sale Price:
$2,750
Sep 2024
Sales:
9
Avg $ Per SqFt:
$271.41
Min Sale Price:
$1,600
Max Sale Price:
$2,000,000
Med Sale Price:
$359,900
Aug 2024
Sales:
2
Avg $ Per SqFt:
$338.34
Min Sale Price:
$505,000
Max Sale Price:
$571,000
Med Sale Price:
$538,000
Jul 2024
Sales:
1
Avg $ Per SqFt:
$2.07
Min Sale Price:
$1,500
Max Sale Price:
$1,500
Med Sale Price:
$1,500
Jun 2024
Sales:
1
Avg $ Per SqFt:
$2.57
Min Sale Price:
$2,000
Max Sale Price:
$2,000
Med Sale Price:
$2,000
Apr 2024
Sales:
2
Avg $ Per SqFt:
$369.98
Min Sale Price:
$225,000
Max Sale Price:
$1,800,000
Med Sale Price:
$1,012,500
MLS Number: R11019429
Maria Termotto – (561) 779-9452 – besthomeeverteam@gmail.com
Keller Williams Realty/P B – (561) 656-2929 – thesouthfloridabroker@gmail.com
The information is being provided by Beaches MLS. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Beaches MLS. All Rights Reserved.
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MLS Number: R11019429
Maria Termotto – (561) 779-9452 – besthomeeverteam@gmail.com
Keller Williams Realty/P B – (561) 656-2929 – thesouthfloridabroker@gmail.com
