Triplex With Three Separate
For Sale
$980,000
4373 VENUS Avenue, West Palm Beach, FL 33406
Residential Income, West Palm Beach, FL
Property Size1,803 SF
Lot Size0.32 Acres
Price / SF$543.54
Days on Market51
Property Features for 4373 VENUS Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM
Bedrooms
14
Full bathrooms
4
Rooms
Bedroom 11, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 12, Bedroom 3, Bathroom 1, Bedroom 13, Bedroom 14, Bathroom 4, Bedroom 5, Bedroom 10, Bathroom 2, Bedroom 2, Bedroom 7, Bedroom 8, Bedroom 9
Pets allowed
Yes, Breed Restrictions
Subdivision
SKY RANCH
Elementary school
Berkshire
Middle school
Palm Springs Community (Palm Beach)
High school
John I. Leonard
Standard status
Active
APN
00424401050000710
Size
1,803 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SKY RANCH LTS 71 & 72
Tax Annual Amount
12356
Legal Description
SKY RANCH LTS 71 & 72
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Amenities
gated
Building Details
Year built
1956
Floors in Building
1
Number of units
3
Flooring type
Tile
Building materials
CBS
Roof type
Shingle
Listing Agency:
VantaSure Realty LLC
(954) 461-5734
Listed By:
Desare A Kohn-Laski PA · License #3187020
(954) 529-9203
Added: Jul 22
Changed: Sep 9
Last Checked: Sep 10 at 12:06PM
MLS# B26055470
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.
This RM-zoned triplex contains three gated, single-family residences, each arranged with its own kitchen and living area. The property includes 1,803 square feet, tile flooring, shingle roofing, CBS construction, electric heating and cooling, public water, and public sewer. Built in 1956, the improvements were formerly used as an Assisted Living Facility.
The residences provide a combined 14 bedrooms and 4 bathrooms. Home 1 has 4 bedrooms, 2 bathrooms, and a bonus room; Home 2 offers 2 bedrooms and 1 bathroom; Home 3 includes 8 bedrooms and 1 bathroom. The property occupies 0.32 acres, with gated access and ample parking.
The residences provide a combined 14 bedrooms and 4 bathrooms. Home 1 has 4 bedrooms, 2 bathrooms, and a bonus room; Home 2 offers 2 bedrooms and 1 bathroom; Home 3 includes 8 bedrooms and 1 bathroom. The property occupies 0.32 acres, with gated access and ample parking.
Key Highlights
- Three gated residences, each with a kitchen and living area
- Combined layout includes 14 bedrooms and 4 bathrooms
- 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
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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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 - RM-zoned property with three gated residences, individual kitchens and living areas, tile flooring, and substantial on-site parking.
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, each with a kitchen and living area; Combined layout includes 14 bedrooms and 4 bathrooms; Home 1: 4 bedrooms, 2 bathrooms, and a bonus room
