Triplex with
New
For Sale
$670,000
3056 FORD Road, Palm Springs, FL 33461
Residential Income, Palm Springs, FL
Property Size1,767 SF
Lot Size0.30 Acres
Price / SF$379.17
Days on Market6
Property Features for 3056 FORD Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RS (city)
Bedrooms
6
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 5
Patio and Porch features
Patio
Pets allowed
No, Yes
Subdivision
SUB 19-44-43
Lot features
Landscaped
Elementary school
Palm Springs (Palm Beach)
Middle school
L. C. Swain
High school
John I. Leonard
Standard status
Active
APN
70434419200160050
Size
1,767 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
SUB 19-44-43 S 110 FT OF N 385 FT OF E 119.18 FT OF TR 16
Tax Annual Amount
6149
Legal Description
SUB 19-44-43 S 110 FT OF N 385 FT OF E 119.18 FT OF TR 16
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Attic Fan, Central Air
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Number of units
3
Flooring type
Tile
Building materials
Block
Roof type
Shingle, Rolled Hot Mop
Listing Agency:
Atlantic Florida Properties In
(561) 713-1141
Listed By:
Rigoberto Hernandez · License #3208409
(561) 716-2216
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 16 at 7:06AM
MLS# B26087302
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 single-story triplex contains three units within 1,767 square feet of finished space. The building dates to 1958 and has block construction, tile flooring, central heating, central air, and an attic fan. A patio provides an outdoor feature, and the property occupies a 0.3-acre lot.
The site is zoned RS (city). Public water and public sewer serve the property, with water available listed among the utilities.
The site is zoned RS (city). Public water and public sewer serve the property, with water available listed among the utilities.
Key Highlights
- Three‑unit property with 1,767 square feet of finished space
- 0.3‑acre lot
- RS (city) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,456
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,120
$589.1K
Cap Rate 7%
$420,800
$420.8K
Cap Rate 9%
$327,289
$327.3K
Market Conditions
NOI Build-Up for 1,767 SF
Gross rent
$44.5K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$42.1K $23.81/SF
− OpEx
−$12.6K −$7.14/SF
NOI
$29.5K $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%
$589,120
Cap Rate 7%
$420,800
Cap Rate 9%
$327,289
Alternative Uses
Best Use
Multifamily LT 5
$420.8K
$368.2K – $490.9K
NOI $29,456 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$388.2K
$339.7K – $452.9K
NOI $27,175 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,109 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
Explore this area
Business Placement
Demographics for 33461, FL
47,161
Population
18,095
Households
2.6
Avg Household Size
36
Median Age
17%
College-Educated
75%
High-School Grad
7.1 sq mi
ZIP Area
6,642
Density / Sq Mi
$61,218
Median Household Income
$31,503
Median Earnings
$1,615
Median Rent
$263,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate units occupy a single-story layout.
Where is this triplex located?
The property is located at 3056 FORD Road Palm Springs, FL.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Three‑unit property with 1,767 square feet of finished space; 0.3‑acre lot; RS (city) zoning
