Gated Three-Home
For Sale
$980,000
4373 VENUS Avenue, West Palm Beach, FL 33406
Three separate residences offer individual kitchens, living areas, and bedroom configurations.
Property Size1,803 SF
Lot Size0.32 Acres
Days on Market51
Property Features for 4373 VENUS Avenue
General Information
Standard status
Active
Size
1,803 SF
Lot size
0.32 Acres
Property subtype
Triplex
Units
Unit Mix
4BR/2BA + bonus room, 2BR/1BA, 8BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,356
Amenities
gated
Building Details
Building Size
1,803 SF
Year Built
1956
Buildings
3
Listing Agency:
VantaSure Realty LLC
Listed By:
Desare A Kohn-Laski PA · License #3187020
(954) 529-9203
Source:
Darlenestreit
Added: Jul 22
Changed: Sep 9
Last Checked: Sep 10 at 5:25AM
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 VantaSure Realty LLC
Investment Insights
Based on property information with market context.
This triplex property comprises three gated, single-family residences on a lot measuring almost 14,000 square feet. Each home includes its own kitchen and living area, creating distinct residential spaces within one property. The bedroom and bathroom layouts include a four-bedroom, two-bath home with a bonus room; a two-bedroom, one-bath home; and an eight-bedroom, one-bath home. The property was built in 1956 and was previously used as an Assisted Living Facility.
The site includes available parking and is situated near highways and shopping centers. The separate home configuration, gated access, and varied room counts provide a clearly defined multifamily layout for evaluation. The property is located at 4373 Venus Avenue in West Palm Beach, Florida.
The site includes available parking and is situated near highways and shopping centers. The separate home configuration, gated access, and varied room counts provide a clearly defined multifamily layout for evaluation. The property is located at 4373 Venus Avenue in West Palm Beach, Florida.
Key Highlights
- Three gated residences configured as a triplex
- Almost 14,000 sq ft lot
- Home 1: 4 bedrooms, 2 bathrooms, and a bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,740
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$674,800
$674.8K
Cap Rate 7%
$482,000
$482.0K
Cap Rate 9%
$374,889
$374.9K
Market Conditions
NOI Build-Up for 1,803 SF
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.
Gross rent
$50.8K $28.20/SF
− Vacancy
−$2.6K −$1.47/SF
EGI
$48.2K $26.73/SF
− OpEx
−$14.5K −$8.02/SF
NOI
$33.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$674,800
Cap Rate 7%
$482,000
Cap Rate 9%
$374,889
Alternative Uses
Best Use
Multifamily LT 5
$482.0K
$421.8K – $562.3K
NOI $33,740 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$448.3K
$392.3K – $523.0K
NOI $31,380 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,884 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
Explore this area
Business Placement
Demographics for 33406, FL
27,663
Population
9,426
Households
2.9
Avg Household Size
39
Median Age
24%
College-Educated
81%
High-School Grad
8.7 sq mi
ZIP Area
3,180
Density / Sq Mi
$79,696
Median Household Income
$37,453
Median Earnings
$1,677
Median Rent
$358,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences offer individual kitchens, living areas, and bedroom configurations.
Where is this triplex located?
The property is located at 4373 VENUS Avenue West Palm Beach, FL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Three gated residences configured as a triplex; Almost 14,000 sq ft lot; Home 1: 4 bedrooms, 2 bathrooms, and a bonus room
