Legal Fourplex with Separate
2721 Avenue S Riviera Beach, FL 33404
2721 Avenue S, Riviera Beach, FL, 33404
$676,000
For Sale
$676,000
MULTI_FAMILY - Riviera Beach, FL
Property Size3,099 SF
Lot Size0.16 Acres
Price / SF$218.13
Days on Market322
Property Features for 2721 Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-15(
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 2
- Standard status
- Active
- APN
- 56434229011060010
- Size
- 3,099 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- ACREHOME PARK TH PT OF LT 106 K/A UNIT A
- Tax Annual Amount
- 2185
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1967
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Tile
- Building materials
- CBS, Concrete
- Roof type
- Composition
Listing Agency
Highlight Realty Corp/LW
(561) 641-6787
5323 Lake Worth Rd, FL
Listed by
Eran Margalit · License #3349130
(310) 927-9202
Added: Aug 30, 2025 Checked: Jul 17 at 12:06 pm
MLS# R11119901
Listing URL
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal fourplex offers a straightforward income-property configuration with separate water and power meters for each unit, supporting clearer utility separation. The property is presented as a residential income asset suited for investors seeking a multi-unit format rather than a single-tenant setup.
Located in Riviera Beach, Florida, the offering is situated on a 0.16-acre lot in Palm Beach County. The property is marketed for sale at 2721 Avenue S, Riviera Beach, FL 33404.
With four residential units under one legal structure and utility metering separated by unit, the property may appeal to buyers looking to manage multiple revenue streams while maintaining practical controls around utilities. It is also a good fit for investors who want a compact, established fourplex product type within a recognized residential income category.
Located in Riviera Beach, Florida, the offering is situated on a 0.16-acre lot in Palm Beach County. The property is marketed for sale at 2721 Avenue S, Riviera Beach, FL 33404.
With four residential units under one legal structure and utility metering separated by unit, the property may appeal to buyers looking to manage multiple revenue streams while maintaining practical controls around utilities. It is also a good fit for investors who want a compact, established fourplex product type within a recognized residential income category.
Key Highlights
- Legal fourplex with separate water and power meters
- Year built 1967
- Central heating and central air
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.1k | $25.20 |
| − Vacancy | −$4.3k | −$1.39 |
| EGI | $73.8k | $23.81 |
| − OpEx | −$22.1k | −$7.14 |
| NOI | $51.7k | $16.67 |
3,099 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$738.0K
$645.8K – $861.0K
NOI $51,660 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$680.9K
$595.8K – $794.4K
NOI $47,661 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,774 @ 7.0% cap · market cap 22.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fourplex investment opportunity featuring separate water and power meters for each unit.
Where is this quadplex located?
The property is located at 2721 Avenue S Riviera Beach, FL.
What is the asking price?
The asking price for this property is $676,000.
What are key features of this property?
This property features: Legal fourplex with separate water and power meters; Year built 1967; Central heating and central air
