Gated Three-Home
For Sale
$975,000
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 Market98
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: Oct 26
Last Checked: Oct 24 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 VantaSure Realty LLC
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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 / Yr
$33,740
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
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
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 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 3.46%
Second Best
Apartment 5plus
$448.3K
$392.3K – $523.0K
NOI $31,380 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,884 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Multifamily in South region
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 $975,000.
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
