Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4603 N Ocean Blvd Boynton Beach, FL 33435

    View on Map
    Sponsored
    For Sale
    Under Contract
    $1,500,000

    MULTI_FAMILY - Boynton Beach, FL

    Property size:
    2,367 SF
    Lot size:
    0.10 Acres
    Days on Market:
    18
    Last Refresh:
    Mar 16 at 6:06 pm

    Property Features for 4603 N Ocean Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Window features
    Blinds
    Zoning
    RH
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 4
    Bedrooms
    6
    Bathrooms
    3
    APN
    00434534090000020
    Patio and Porch features
    Patio
    Fencing
    Fenced
    Size
    2,367 SF
    Lot size
    0.10 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank, Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Ceiling Fan(s), Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1955
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Tile - Ceramic
    Building materials
    CBS, Concrete
    Roof type
    Concrete

    We can help!

    Listing Contact
    Lawrence A Mastropieri

    The Mastropieri Group (561) 544-7000

    Listing agent Lawrence A Mastropieri (561) 544-7000 License #3252988

    Listing date Feb 26, 2026

    MLS# R11080340 Listing URL

    Copyright © 2026 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Triplex in Boynton Beach

    This is a fully renovated triplex located in Boynton Beach. The property features an open floor plan and volume ceilings. The kitchens include granite counters and custom wood cabinets. The property has new roof, water heater and AC, all installed in 2023. The property is situated on an oversized lot on a quiet street and features tropical landscaping, outdoor lighting, turf grass, and a putting green. There is ample parking available. The property is located within minutes of the beach and Delray Beach Atlantic Avenue. Top-rated schools are nearby. The lot size is 0.1 acres and the property size is 2367 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boynton Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.053422
    Latitude
    26.506368

    Nearby Similar for Sale

    • $1,600,000
      2,132 SF

      Boynton Beach Medical/Professional Building

      Prime medical/professional building near hospital, east of I-95.
      2419 S Seacrest Blvd, Boynton Beach, FL 33435
      View Details
    • $724,998
      2,503 SF

      Boynton Beach Income-Producing Duplex

      Updated duplex in Boynton Beach's redevelopment district, near amenities.
      400 NE 2Nd St, Boynton Beach, FL 33435
      View Details
    • $225,000
      1,300 SF

      Boynton Beach Beauty Salon Business

      Established beauty salon business for sale in Boynton Beach, Florida.
      510 E Ocean Ave, Boynton Beach, FL 33435
      View Details
    • New
      $255,000
      1,400 SF

      Renovated Villa in Active Community

      Fully renovated 2-bedroom villa in a 55+ Boynton Beach community.
      10144 S 46Th Ave, Boynton Beach, FL 33436
      View Details
    • $45,000

      Operating Restaurant Business Opportunity

      Operating restaurant in Boynton Beach, Florida, ready for new owner.
      1313 W Boynton Beach Blvd, Boynton Beach, FL 33426
      View Details
    • $589,500
      2,094 SF

      Boynton Beach Historical Duplex

      Upgraded historical duplex in downtown Boynton Beach, suitable for rentals.
      331 NW 1St Ave, Boynton Beach, FL 33435
      View Details
    • $100,000
      2,131 SF

      Boynton Beach Retail Opportunity

      Retail space suited for deli and convenience in Boynton Beach.
      4635 N Ocean Blvd, Boynton Beach, FL 33435
      View Details
    • $539,000

      Fruit-Producing Land with Income Potential

      Land with fruit trees, income potential, near major road.
      0000 NW 7Th Ct, Boynton Beach, FL 33426
      View Details
    • New
      $235,000
      1,400 SF

      Boynton Beach Ranch Home

      Bright 2-bedroom home near clubhouse and pool in Boynton Beach.
      4888 Equestrian Cir, Boynton Beach, FL 33436
      View Details
    • New
      $225,000
      1,182 SF

      Boynton Beach Corner Villa

      Charming 2-bedroom, 2-bath villa in a 55+ community.
      3780 Lace Vine Ln, Boynton Beach, FL 33436
      View Details
    • Contact for pricing

      Medical Office in Boynton Beach

      Built-out medical office space available for sublease.
      1301 N Congress Ave, Boynton Beach, FL 33426
      View Details
    • New
      $249,000
      1,182 SF

      Boynton Beach Villa in 55+ Community

      Charming villa with abundant natural light in Boynton Beach.
      3812 Coco Loba Ln, Boynton Beach, FL 33436
      View Details

    FAQs

    What type of property is this?
    Triplex - Fully renovated triplex in prime Boynton Beach location near beach.
    Where is this triplex located?
    The property is located at 4603 N Ocean Blvd Boynton Beach, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Fully renovated triplex in a prime Boynton Beach location, offering a rare investment opportunity.; - New 2023 roof, water heater (WH), and AC system.; - Walking/biking distance to the beach and minutes from Delray Beach's Atlantic Avenue.
    (561) 544-7000
    Request Owner's contact information
    4603 N Ocean Blvd Boynton Beach, FL 33435
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4603 N Ocean Blvd
    Boynton Beach, FL 33435
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4603 N Ocean Blvd Boynton Beach, FL 33435
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lawrence A Mastropieri
    Real Estate License ID: 3252988
    (561) 544-7000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!