Furnished Four-Unit Rental
3725 S Olive Ave, West Palm Beach, FL 33405
For Sale
New
$1,699,000
Four residences have private entrances, impact-rated windows and doors, and on-site parking.
Property Size3,500 SF
Days on Market2
Property Features for 3725 S Olive Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
CPRE Organization Inc
Listed By:
Cole D Leavitt · License FL BK3238799
(954) 709-1003
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:27PM
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 CPRE Organization Inc
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Investment Insights
Based on property information with market context.
This 1965 quadplex contains four furnished units, each arranged with two bedrooms and one bathroom. Individual private entrances, high-impact windows and doors, and on-site parking are among the property’s physical features.
The property is currently operated as a short-term rental and can also accommodate long-term rental use. It is located in West Palm Beach’s Central Park Historic District, with a Bike Score of 60, Walk Score of 65, and Transit Score of 33.
The property is currently operated as a short-term rental and can also accommodate long-term rental use. It is located in West Palm Beach’s Central Park Historic District, with a Bike Score of 60, Walk Score of 65, and Transit Score of 33.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- Furnished quadplex currently operated as a short‑term rental
- Private entrance for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,497
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,309,940
$1.3M
Cap Rate 7%
$935,671
$935.7K
Cap Rate 9%
$727,744
$727.7K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$98.7K $28.20/SF
− Vacancy
−$5.1K −$1.47/SF
EGI
$93.6K $26.73/SF
− OpEx
−$28.1K −$8.02/SF
NOI
$65.5K $18.71/SF
Area
West Palm Beach, FL
Vacancy
5.20%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,309,940
Cap Rate 7%
$935,671
Cap Rate 9%
$727,744
Alternative Uses
Best Use
Multifamily LT 5
$935.7K
$818.7K – $1.09M
NOI $65,497 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$870.2K
$761.5K – $1.02M
NOI $60,916 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$2.46M
$2.16M – $2.88M
NOI $172,543 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
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Business Placement
Demographics for 33405, FL
19,369
Population
9,557
Households
2
Avg Household Size
41
Median Age
34%
College-Educated
82%
High-School Grad
4.5 sq mi
ZIP Area
4,304
Density / Sq Mi
$82,945
Median Household Income
$46,450
Median Earnings
$1,432
Median Rent
$401,200
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in West Palm Beach, FL
Properties on Market for Quadplexes in West Palm Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences have private entrances, impact-rated windows and doors, and on-site parking.
Where is this quadplex located?
The property is located at 3725 S Olive Ave West Palm Beach, FL.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; Furnished quadplex currently operated as a short‑term rental; Private entrance for each unit
