Assisted Living Converted
4373 VENUS Avenue West Palm Beach, FL 33406
New
For Sale
$995,000
MULTI_FAMILY - West Palm Beach, FL
Property Size1,803 SF
Lot Size0.32 Acres
Price / SF$551.86
Days on Market5
Property Features for 4373 VENUS Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- RM
- Bedrooms
- 14
- Rooms
- Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 8, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 10, Bedroom 13, Bedroom 1, Bathroom 2, Bedroom 11, Bathroom 3, Bedroom 12, Bedroom 14, Bedroom 9
- Pets allowed
- Yes, Breed Restrictions
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
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: Jul 25
Last Checked: Jul 26 at 1:06PM
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.
Located on an expansive lot, this triplex at 4373 Venus Ave was previously used as an Assisted Living Facility. The property includes three gated, single-family homes, each with its own kitchen and living area.
Home 1 offers 4 bedrooms, 2 bathrooms, plus a bonus room. Home 2 includes 2 bedrooms and 1 bathroom. Home 3 provides 8 bedrooms and 1 bathroom. Plenty of parking is available.
Zoned RM, the site totals approximately 0.32 acres and is listed at 1,803 square feet. The property is described as being near highways and shopping centers.
Home 1 offers 4 bedrooms, 2 bathrooms, plus a bonus room. Home 2 includes 2 bedrooms and 1 bathroom. Home 3 provides 8 bedrooms and 1 bathroom. Plenty of parking is available.
Zoned RM, the site totals approximately 0.32 acres and is listed at 1,803 square feet. The property is described as being near highways and shopping centers.
Key Highlights
- Almost 14,000 sq ft lot; property was previously used as an Assisted Living Facility.
- Three gated single‑family homes on the property, each with its own kitchen and living area.
- Home 1: 4 bedrooms, 2 bathrooms, plus a bonus room.
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 | $50.8k | $28.20 |
| − Vacancy | −$2.6k | −$1.47 |
| EGI | $48.2k | $26.73 |
| − OpEx | −$14.5k | −$8.02 |
| NOI | $33.7k | $18.71 |
1,803 SF · lease $28.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$482.0K
$421.8K – $562.3K
NOI $33,740 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$448.3K
$392.3K – $523.0K
NOI $31,380 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,884 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hidden Garden Assisted ...
Nursing Home
FAQs
What type of property is this?
Triplex - Expansive lot triplex featuring three gated homes, each with its own kitchen and living area.
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 $995,000.
What are key features of this property?
This property features: Almost 14,000 sq ft lot; property was previously used as an Assisted Living Facility.; Three gated single‑family homes on the property, each with its own kitchen and living area.; Home 1: 4 bedrooms, 2 bathrooms, plus a bonus room.
