Renovated Triplex with New
For Sale
$1,400,000
4603 N Ocean Boulevard, Boynton Beach, FL 33435
MULTI_FAMILY - Boynton Beach, FL
Property Size2,367 SF
Lot Size0.10 Acres
Price / SF$591.47
Days on Market93
Property Features for 4603 N Ocean Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RH
Bedrooms
6
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 3
Window features
Blinds
Patio and Porch features
Deck, Patio
Pets allowed
Yes
Exterior features
Barbecue
Fencing
Fenced, Gate
Subdivision
BASKIN ADD TO BRINY BREEZES
Lot features
Corner Lot, Fruit Tree(s)
Elementary school
Forest Park
Middle school
Congress
High school
Atlantic
Standard status
Active
APN
00434534090000020
Size
2,367 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BASKIN ADD TO BRINY BREEZES LTS 2 & 3
Tax Annual Amount
16644
Legal Description
BASKIN ADD TO BRINY BREEZES LTS 2 & 3
Utilities
Utilities
Water Available
Sewer type
Public Sewer, Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Electric, Wall/Window Unit(s), Central Air, Window Unit(s), Ceiling Fan(s)
Water source
Public
Amenities
Bright Open Floor Plan
Dramatic Volume Ceilings
Freshly Painted
LED Recessed Lighting
Eat-In Kitchen
Granite Counters
Custom Wood Cabinets
Breakfast Bar
Open Patio
Immaculate Tropical Landscaping & Outdoor Lighting
Turf Grass & Putting Green
Building Details
Year built
1955
Floors in Building
2
Number of units
3
Flooring type
Tile - Ceramic, Wood, Tile
Building materials
CBS, Concrete, Stucco
Roof type
Concrete
Additional Structures
Pergola
Listing Agency:
Mastropieri Group LLC
(561) 544-7000
Listed By:
Lawrence A Mastropieri · License #3252988
(561) 544-7000
Added: May 4
Changed: Aug 3
Last Checked: Aug 4 at 6:06AM
MLS# B26023840
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.
Renovated triplex at 4603 N Ocean Boulevard in Boynton Beach, featuring a bright, open layout with dramatic volume ceilings. The home includes an eat-in kitchen with granite counters, custom wood cabinets, and a breakfast bar, plus an open patio and deck with fenced outdoor areas and gate. The property has wood and tile (ceramic) flooring, central heating and central air, and electric heating with ceiling fans. Construction materials include CBS, concrete, and stucco, with a concrete roof.
The property sits on an 0.1-acre lot and was built in 1955. Roofing and several major systems are noted as updated in 2023, including the roof, water heater (WH), and AC. Water service is public, and sewer services include a septic tank and public sewer. Zoning is RH.
Additional exterior features include barbecue. The listing layout references six bedrooms and three bathrooms, supporting multiple bedroom configurations across the triplex.
The property sits on an 0.1-acre lot and was built in 1955. Roofing and several major systems are noted as updated in 2023, including the roof, water heater (WH), and AC. Water service is public, and sewer services include a septic tank and public sewer. Zoning is RH.
Additional exterior features include barbecue. The listing layout references six bedrooms and three bathrooms, supporting multiple bedroom configurations across the triplex.
Key Highlights
- 0.1‑acre lot with 2,367 SF triplex
- New 2023 roof plus 2023 WH and 2023 AC
- Six bedrooms and three bathrooms
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 | $59.6k | $25.20 |
| − Vacancy | −$3.3k | −$1.39 |
| EGI | $56.4k | $23.81 |
| − OpEx | −$16.9k | −$7.14 |
| NOI | $39.5k | $16.67 |
2,367 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$563.7K
$493.2K – $657.6K
NOI $39,457 @ 7.0% cap · market cap 2.82%
Second Best
Apartment 5plus
$520.0K
$455.0K – $606.7K
NOI $36,403 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,688 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 33435, FL
37,318
Population
20,058
Households
1.9
Avg Household Size
45
Median Age
32%
College-Educated
85%
High-School Grad
6.5 sq mi
ZIP Area
5,741
Density / Sq Mi
$66,612
Median Household Income
$35,488
Median Earnings
$1,846
Median Rent
$306,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Renovated triplex with patio/deck, fenced outdoor areas, and public water and sewer service.
Where is this triplex located?
The property is located at 4603 N Ocean Boulevard Boynton Beach, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 0.1‑acre lot with 2,367 SF triplex; New 2023 roof plus 2023 WH and 2023 AC; Six bedrooms and three bathrooms
