Residential Income
130 NE 4th Avenue Boynton Beach, FL 33435
130 NE 4th Avenue, Boynton Beach, FL, 33435
$649,900
For Sale
$649,900
Income triplex with a front 3/1 home plus a rear two-story CBS building containing an efficiency and a 3/1 unit.
Property Size2,815 SF
Price / SF$230.87
Days on Market630
Property Features for 130 NE 4th Avenue
General Information
- Standard status
- Active
- Size
- 2,815 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1946
Listing agency
Medalian Real Estate & Investm
(561) 798-3322
Listed by
Jay Medalian · License #443093
(561) 798-3322
Source
Exitrealty
Added: Oct 30, 2024 Updated: Jul 20 at 7:37PM Checked: Jul 21 at 3:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Medalian Real Estate & Investm
Investment Insights
Based on property information with market context.
This residential income triplex includes a 3-bedroom, 1-bath house at the front of the property, along with an additional CBS two-story building in the rear. The rear building features an efficiency unit with a complete kitchen and full bath on the bottom floor, while the top floor has 3 bedrooms and 1 bath.
The upper unit requires a new kitchen and flooring. The offering is described as cash only or available with owner financing featuring 30% down payment.
The property is configured as separate living spaces across the front house and the two-story rear structure, supporting multiple residential setups under one ownership.
The upper unit requires a new kitchen and flooring. The offering is described as cash only or available with owner financing featuring 30% down payment.
The property is configured as separate living spaces across the front house and the two-story rear structure, supporting multiple residential setups under one ownership.
Key Highlights
- 1946‑built front house: 3 bedrooms, 1 bath
- Rear two‑story CBS building includes an efficiency with a complete kitchen and full bath on the bottom floor
- Rear building top floor has 3 bedrooms and 1 bath
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 | $70.9k | $25.20 |
| − Vacancy | −$3.9k | −$1.39 |
| EGI | $67.0k | $23.81 |
| − OpEx | −$20.1k | −$7.14 |
| NOI | $46.9k | $16.67 |
2,815 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$670.4K
$586.6K – $782.1K
NOI $46,925 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$618.5K
$541.2K – $721.6K
NOI $43,293 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,774 @ 7.0% cap · market cap 21.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Income triplex with a front 3/1 home plus a rear two-story CBS building containing an efficiency and a 3/1 unit.
Where is this triplex located?
The property is located at 130 NE 4th Avenue Boynton Beach, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 1946‑built front house: 3 bedrooms, 1 bath; Rear two‑story CBS building includes an efficiency with a complete kitchen and full bath on the bottom floor; Rear building top floor has 3 bedrooms and 1 bath
