Single-Story Triplex with
2081 JOY RENE Lane, North Palm Beach, FL 33408
For Sale
New
$1,375,000
Residential Income, North Palm Beach, FL
Property Size2,580 SF
Lot Size0.29 Acres
Price / SF$532.95
Days on Market2
Property Features for 2081 JOY RENE Lane
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Half bathrooms
Rooms
Window features
Patio and Porch features
Pets allowed
Exterior features
Fencing
Subdivision
Lot features
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Additional Structures
Buildings
Listing Agency:
Partnership Realty Inc.
(561) 355-0270
Listed By:
David L Waite · License #0695780
(561) 281-9404
Added: Nov 7
Last Checked: Nov 8 at 12:06AM
MLS# B26097700
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.
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Investment Insights
Based on property information with market context.
This RM-zoned triplex contains three independent residences in a single-story configuration, with 2,580 square feet of above-grade space. A separate garage and workshop are also included. The property was built in 1973 and sits on a 0.29-acre lot. Interior and building features include tile flooring, a porch, fenced grounds, and water availability; the property has a septic tank and well and public water sources.
Located in North Palm Beach, the property is within Palm Beach County. The residences have individual addresses, and the arrangement allows an owner to live in one while keeping the other two separate.
Located in North Palm Beach, the property is within Palm Beach County. The residences have individual addresses, and the arrangement allows an owner to live in one while keeping the other two separate.
Key Highlights
- Three residences in a single‑story, RM‑zoned property
- 2,580 square feet of above‑grade space on a 0.29‑acre lot
- Standalone garage and workshop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,008
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,160
$860.2K
Cap Rate 7%
$614,400
$614.4K
Cap Rate 9%
$477,867
$477.9K
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$65.0K $25.20/SF
− Vacancy
−$3.6K −$1.39/SF
EGI
$61.4K $23.81/SF
− OpEx
−$18.4K −$7.14/SF
NOI
$43.0K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,160
Cap Rate 7%
$614,400
Cap Rate 9%
$477,867
Alternative Uses
Best Use
Multifamily LT 5
$614.4K
$537.6K – $716.8K
NOI $43,008 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$566.8K
$496.0K – $661.3K
NOI $39,679 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,189 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,758
Businesses Nearby
Explore this area
Business Placement
Demographics for 33408, FL
18,965
Population
13,490
Households
1.4
Avg Household Size
58
Median Age
52%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
2,789
Density / Sq Mi
$91,390
Median Household Income
$65,606
Median Earnings
$1,885
Median Rent
$502,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Palm Beach County, FL
Properties on Market for Triplexes in Palm Beach County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences share one parcel, with a standalone garage and workshop on site.
Where is this triplex located?
The property is located at 2081 JOY RENE Lane North Palm Beach, FL.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Three residences in a single‑story, RM‑zoned property; 2,580 square feet of above‑grade space on a 0.29‑acre lot; Standalone garage and workshop
