Renovated Triplex with New
For Sale
$799,000
3382 Rudolf Road, Lake Worth, FL 33461
Legal multifamily property with updated interiors, separate electric metering, and fenced-site parking for residents.
Property Size2,520 SF
Price / SF$317.06
Days on Market115
Property Features for 3382 Rudolf Road
General Information
Standard status
Active
Size
2,520 SF
Total Parking Spaces
5
Property subtype
Residential Income
Zoning
RH
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,644
Amenities
Central Air, Ductless, Electric, Heat Pump, Wall/Window Unit(s)
Heat Pump, Other
Other
Fenced, Front Yard, Gate
Courtyard, Garden
Building Details
Building Size
2,520 SF
Year Built
1971
Buildings
1
Stories
1
Listing Agency:
Bassie Signature Properties, LLC
Listed By:
Helen Bassie
(561) 441-9198
Source:
Evrealestate
Added: Jun 24
Changed: Oct 6
Last Checked: Oct 16 at 7:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bassie Signature Properties, LLC
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Investment Insights
Based on property information with market context.
This legal triplex contains three 2-bedroom, 1-bath units within a 2,520-square-foot multifamily property. The building has undergone substantial renovation, including a new roof and impact-rated windows and doors. Each residence includes updated interior finishes, while three separate electric meters support individual unit utility management.
The property occupies a fully fenced lot with dedicated open parking and is located near downtown Lake Worth, area beaches, and I-95. Its three-unit configuration and completed physical improvements provide a defined multifamily layout for an owner-user or rental property operator.
The property occupies a fully fenced lot with dedicated open parking and is located near downtown Lake Worth, area beaches, and I-95. Its three-unit configuration and completed physical improvements provide a defined multifamily layout for an owner-user or rental property operator.
Key Highlights
- Three 2‑bedroom, 1‑bath units in a legal triplex
- 2,520‑square‑foot multifamily property
- New roof and impact windows and doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,008
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,160
$840.2K
Cap Rate 7%
$600,114
$600.1K
Cap Rate 9%
$466,756
$466.8K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$63.5K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$60.0K $23.81/SF
− OpEx
−$18.0K −$7.14/SF
NOI
$42.0K $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%
$840,160
Cap Rate 7%
$600,114
Cap Rate 9%
$466,756
Alternative Uses
Best Use
Multifamily LT 5
$600.1K
$525.1K – $700.1K
NOI $42,008 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$553.7K
$484.5K – $645.9K
NOI $38,756 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,231 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,098
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 - Legal multifamily property with updated interiors, separate electric metering, and fenced-site parking for residents.
Where is this triplex located?
The property is located at 3382 Rudolf Road Lake Worth, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bath units in a legal triplex; 2,520‑square‑foot multifamily property; New roof and impact windows and doors
