Triplex with Separate Utility
425 CHURCHILL Road West Palm Beach, FL 33405
New
425 CHURCHILL Road, West Palm Beach, FL, 33405
$750,000
For Sale
$750,000
Two buildings on one lot include a 2BR/2.5BA home and two separate 1BR/1BA units with individual water and electric.
Property Size2,260 SF
Price / SF$331.86
Days on Market7
Property Features for 425 CHURCHILL Road
General Information
- Standard status
- Active
- Size
- 2,260 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1960
Listing agency
KW Reserve Palm Beach
(561) 678-5584
Listed by
Loodmy Jacques · License #R11165434
(561) 678-5584
Source
Lehmannflorida
Added: Jul 16 Updated: Jul 21 at 10:38PM Checked: Jul 21 at 10:38PM
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 KW Reserve Palm Beach
Investment Insights
Based on property information with market context.
This for-sale triplex includes two separate buildings on one lot. Building 1 is a spacious 2BR/2.5BA home. Building 2 contains two individual 1BR/1BA units, each served by separate water and electric meters.
The property is located on Churchill Road in West Palm Beach and is described as being just minutes from Downtown West Palm Beach, Flagler Drive, and the Intracoastal, with access to the area’s financial corridor.
The existing configuration provides three separate residential units across the two buildings, with independently metered services for the two 1BR/1BA units.
The property is located on Churchill Road in West Palm Beach and is described as being just minutes from Downtown West Palm Beach, Flagler Drive, and the Intracoastal, with access to the area’s financial corridor.
The existing configuration provides three separate residential units across the two buildings, with independently metered services for the two 1BR/1BA units.
Key Highlights
- Two buildings on one lot (1960 construction)
- Building 1: 2BR/2.5BA home for owner‑occupant or rental
- Building 2: two separate 1BR/1BA units
Local 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 | $63.7k | $28.20 |
| − Vacancy | −$3.3k | −$1.47 |
| EGI | $60.4k | $26.73 |
| − OpEx | −$18.1k | −$8.02 |
| NOI | $42.3k | $18.71 |
2,260 SF · lease $28.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$604.2K
$528.7K – $704.9K
NOI $42,293 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$561.9K
$491.7K – $655.6K
NOI $39,334 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,413 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Two buildings on one lot include a 2BR/2.5BA home and two separate 1BR/1BA units with individual water and electric.
Where is this triplex located?
The property is located at 425 CHURCHILL Road West Palm Beach, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two buildings on one lot (1960 construction); Building 1: 2BR/2.5BA home for owner‑occupant or rental; Building 2: two separate 1BR/1BA units
