New Triplex Townhomes in
1559 W 26th Court Riviera Beach, FL 33404
For Sale
$1,450,000
Pending
MULTI_FAMILY - Riviera Beach, FL
Property Size4,161 SF
Days on Market191
Property Features for 1559 W 26th Court
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RML12
Bedrooms
4
Rooms
Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1
Window features
Blinds
Patio and Porch features
Patio, Porch
Standard status
Pending
APN
56434229210000210
Size
4,161 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
SHADY GROVE LTS 21 TO 24 INC
Tax Annual Amount
15603
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
2020
Floors in Building
2
Number of units
1
Flooring type
Laminate, Carpet
Building materials
CBS
Roof type
Shingle, Composition
Listing Agency:
One Market Real Estate LLC
(954) 367-9311
Listed By:
Otis Croney · License #3422794
(561) 755-9975
Added: Jan 17
Changed: Jul 24
Last Checked: Jul 27 at 10:06AM
MLS# F10546034
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 meticulously maintained triplex in Riviera Beach, Florida, presents an investment opportunity within an Opportunity Zone. The property has been used for short term rentals. The newly constructed triplex consists of three townhomes, each featuring 4 bedrooms and 2.5 baths. These spacious townhomes offer 1700 square feet of living space and include one-car garages. Interior features include recessed lighting, stainless steel appliances, front load washers and dryers, and laminate flooring. The property is located near major redevelopment projects, including the NOMAR neighborhood, which aims to transform the area from U.S. 1 to the Intracoastal, with continued growth from Lake Park and Northwood in West Palm Beach. The property's zoning is RML12. The property size is 4161 square feet.
Key Highlights
- Newly built 2020 triplex with three townhome units, each offering 4 bedrooms and 2.5 baths
- Each unit is about 1,700 sq ft and includes a 1‑car garage
- Central heating and central A/C, plus ceiling fans in the units
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 | $104.9k | $25.20 |
| − Vacancy | −$5.8k | −$1.39 |
| EGI | $99.1k | $23.81 |
| − OpEx | −$29.7k | −$7.14 |
| NOI | $69.4k | $16.67 |
4,161 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$990.9K
$867.0K – $1.16M
NOI $69,363 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$914.2K
$799.9K – $1.07M
NOI $63,993 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$2.93M
$2.56M – $3.42M
NOI $205,129 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Newly constructed triplex with spacious townhomes, great investment opportunity.
Where is this triplex located?
The property is located at 1559 W 26th Court Riviera Beach, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Newly built 2020 triplex with three townhome units, each offering 4 bedrooms and 2.5 baths; Each unit is about 1,700 sq ft and includes a 1‑car garage; Central heating and central A/C, plus ceiling fans in the units
