428 Malverne Road West Palm Beach, FL 33405
MULTI_FAMILY - West Palm Beach, FL
Property Features for 428 Malverne Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF20(c
- Bedrooms
- 5
- Rooms
- Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4
- Pets allowed
- Yes, No
- Exterior features
- Awning(s), Garden
- Standard status
- Pending
- APN
- 74434403010004150
- Size
- 1,549 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- ESTS OF SOUTH PALM BEACH REV LTS 415 & 416
- Tax Annual Amount
- 8981
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1953
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Terrazzo, Tile - Ceramic
- Building materials
- CBS
- Roof type
- Composition, Tar/Gravel
Listing agent Ana I Mesa License #3056113 (772) 812-4349
Listing office Nex Gen Realty & Property Mgnt 1850 SW Fountainview Blvd Suite 208, Port St. Lucie, FL (772) 204-0664
Listing date Jun 7, 2026
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.
The site covers approximately 0.11 acres and is zoned MF20(c). The available MLS photos were taken prior to tenants moving into the units.
With three total residential units across two structures, this property is set up for income-producing multifamily ownership under the existing zoning designation.
Key Highlights
- Triplex with two buildings: front building includes a 2/1 and 1/1, plus a second building with a 1/1
- Central heating and central air
- Composition and tar/gravel roof; fairly new roof reported on the front building
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 | $43.7k | $28.20 |
| − Vacancy | −$2.3k | −$1.47 |
| EGI | $41.4k | $26.73 |
| − OpEx | −$12.4k | −$8.02 |
| NOI | $29.0k | $18.71 |
