Renovated Triplex Manufactured
2886 Croton Lane West Palm Beach, FL 33403
For Sale
$299,999
MULTI_FAMILY - West Palm Beach, FL
Property Size1,250 SF
Lot Size0.09 Acres
Price / SF$239
Days on Market200
Property Features for 2886 Croton Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- RH
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 3
- Window features
- Blinds
- Pets allowed
- Yes, Dogs OK
- Exterior features
- RV Hookup, Storage
- Standard status
- Active
- APN
- 00434217020050080
- Size
- 1,250 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- HILLTOP PARK LOT 8 BLK 5
- Tax Annual Amount
- 2321
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Wall/Window Unit(s), Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1961
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Vinyl
- Roof type
- Composition
- Additional Structures
- Storage
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Lisa B. Levy · License #3240013
(561) 866-8091
Added: Jan 6
Changed: Jul 25
Last Checked: Jul 25 at 8:06PM
MLS# R11151900
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 completely renovated manufactured home offers three rental units, including one 1/1 and two studio units, each with a bath and small kitchen. The property is listed as land-owned, with no HOA fees or rules. Updates include electric, the water heater, and HVAC. The units are tenant occupied on a long-term basis, with the listing noting a 12% cap rate. The offering also states there is room for expansion.
The property is zoned RH. It is located at 2886 Croton Lane in West Palm Beach, Florida, in Palm Beach County.
With a lot size of 0.09 acres and a total property size of 1,250 square feet, this is a cash-only sale, according to the listing remarks.
The property is zoned RH. It is located at 2886 Croton Lane in West Palm Beach, Florida, in Palm Beach County.
With a lot size of 0.09 acres and a total property size of 1,250 square feet, this is a cash-only sale, according to the listing remarks.
Key Highlights
- Completely renovated manufactured home; you own the land (cash only per remarks)
- Tenant‑occupied long‑term; 12% cap rate mentioned in public remarks
- Includes 1/1 and 2 studios with bath and small kitchen (unit mix per remarks)
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 | $35.3k | $28.20 |
| − Vacancy | −$1.8k | −$1.47 |
| EGI | $33.4k | $26.73 |
| − OpEx | −$10.0k | −$8.02 |
| NOI | $23.4k | $18.71 |
1,250 SF · lease $28.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$334.2K
$292.4K – $389.9K
NOI $23,392 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$310.8K
$272.0K – $362.6K
NOI $21,756 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$880.3K
$770.3K – $1.03M
NOI $61,622 @ 7.0% cap · market cap 20.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Renovated triplex with a 1/1 and two studio units, each with bath and small kitchens, tenant-occupied long term.
Where is this triplex located?
The property is located at 2886 Croton Lane West Palm Beach, FL.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Completely renovated manufactured home; you own the land (cash only per remarks); Tenant‑occupied long‑term; 12% cap rate mentioned in public remarks; Includes 1/1 and 2 studios with bath and small kitchen (unit mix per remarks)
