Three-Unit Rental Income
1675 E Breezy Lane West Palm Beach, FL 33417
For Sale
Under Contract
$785,000
MULTI_FAMILY - West Palm Beach, FL
Property Size3,168 SF
Lot Size0.52 Acres
Price / SF$247.79
Days on Market96
Property Features for 1675 E Breezy Lane
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM
Bedrooms
6
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 1
Window features
Storm Window(s), Blinds
Patio and Porch features
Deck
Pets allowed
Yes, No
Exterior features
Storage
Standard status
Active Under Contract
APN
00424326040020010
Size
3,168 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PLANTATION VILLAGE LTS 1 & 2 BLK 2
Tax Annual Amount
9754
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Electric, Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Number of units
3
Flooring type
Carpet, Vinyl, Tile, Laminate
Building materials
Concrete Block - With Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Pavon Realty Group, LLC
(561) 693-3360
Listed By:
Albert Pavon · License #3115993
(561) 644-2201
Added: Apr 24
Changed: Jul 28
Last Checked: Jul 28 at 5:06PM
MLS# B26019722
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 three-unit rental income property includes a 2-bedroom, 1-bath single-family home plus a duplex containing two 2-bedroom, 1-bath units. All three units have central A/C. The duplex has been updated with modern kitchens and bathrooms, impact windows, and low-maintenance tile and laminate flooring, while the single-family home features tile and carpet flooring, hurricane shutters, and a 2021 roof. The property is serviced by two separate septic systems and includes a rear storage shed.
Located in West Palm Beach, the property is described as being just minutes from the Florida Turnpike, providing convenient regional access.
Tenants are currently on month-to-month leases, offering flexibility for an investor or an owner-occupant.
Located in West Palm Beach, the property is described as being just minutes from the Florida Turnpike, providing convenient regional access.
Tenants are currently on month-to-month leases, offering flexibility for an investor or an owner-occupant.
Key Highlights
- Three‑unit multifamily property on a 0.52‑acre lot: 2BR/1BA single‑family home plus a duplex with two 2/1 units
- Duplex updates include modern kitchens and bathrooms, impact windows, and low‑maintenance tile and laminate flooring
- Single‑family home includes tile and carpet flooring, hurricane shutters, and a 2021 roof
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 | $89.3k | $28.20 |
| − Vacancy | −$4.6k | −$1.47 |
| EGI | $84.7k | $26.73 |
| − OpEx | −$25.4k | −$8.02 |
| NOI | $59.3k | $18.71 |
3,168 SF · lease $28.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$846.9K
$741.1K – $988.1K
NOI $59,284 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$787.7K
$689.2K – $919.0K
NOI $55,137 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,176 @ 7.0% cap · market cap 19.90%
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 - Three residential units on a 0.52-acre lot with central A/C and two septic systems.
Where is this triplex located?
The property is located at 1675 E Breezy Lane West Palm Beach, FL.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Three‑unit multifamily property on a 0.52‑acre lot: 2BR/1BA single‑family home plus a duplex with two 2/1 units; Duplex updates include modern kitchens and bathrooms, impact windows, and low‑maintenance tile and laminate flooring; Single‑family home includes tile and carpet flooring, hurricane shutters, and a 2021 roof
