Renovated Triplex with 2023
For Sale
$1,370,000
4603 N Ocean Boulevard, Boynton Beach, FL 33435
Residential Income, Boynton Beach, FL
Property Size2,367 SF
Lot Size0.10 Acres
Price / SF$578.79
Days on Market184
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 2, Bathroom 3, Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 6, Bedroom 1
Window features
Blinds
Patio and Porch features
Patio, Deck
Pets allowed
Yes
Exterior features
Barbecue
Fencing
Gate, Fenced
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
Electric (Heating), Central
Cooling system
Central Air, Wall/Window Unit(s), Window Unit(s), Ceiling Fan(s), Electric
Water source
Public
Amenities
eat-in kitchen
granite counters
custom wood cabinets
breakfast bar
open patio
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, Tile, Wood
Building materials
CBS, Concrete, Stucco
Roof type
Concrete
Additional Structures
Pergola
Listing Agency:
The Mastropieri Group, LLC
Listed By:
Lawrence A Mastropieri · License #3252988
(561) 544-7000
Added: May 4
Changed: Nov 2
Last Checked: Nov 3 at 12:06AM
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.
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Investment Insights
Based on property information with market context.
This triplex contains 2,367 square feet on a 0.1-acre lot and dates to 1955. The property includes six bedrooms and three bathrooms, with wood and ceramic tile flooring, bright open interiors, volume ceilings, recessed LED lighting, and freshly painted spaces. Kitchens feature granite countertops, custom wood cabinetry, breakfast bars, and eat-in areas. A 2023 roof, 2023 water heater, and 2023 air-conditioning systems provide recent major updates.
Outdoor improvements include a patio, deck, fenced grounds, tropical landscaping, exterior lighting, turf grass, a putting green, and barbecue equipment. The property has CBS, concrete, and stucco construction, public water, RH zoning, and central or unit-based cooling and heating features. Its Boynton Beach setting is described as walkable or bike-accessible to the beach, with Delray Beach’s Atlantic Avenue also noted nearby.
Outdoor improvements include a patio, deck, fenced grounds, tropical landscaping, exterior lighting, turf grass, a putting green, and barbecue equipment. The property has CBS, concrete, and stucco construction, public water, RH zoning, and central or unit-based cooling and heating features. Its Boynton Beach setting is described as walkable or bike-accessible to the beach, with Delray Beach’s Atlantic Avenue also noted nearby.
Key Highlights
- Triplex with 2,367 square feet on a 0.1‑acre lot
- Six bedrooms and three bathrooms
- 2023 roof, water heater, and air‑conditioning updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,457
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,140
$789.1K
Cap Rate 7%
$563,671
$563.7K
Cap Rate 9%
$438,411
$438.4K
Market Conditions
NOI Build-Up for 2,367 SF
Gross rent
$59.6K $25.20/SF
− Vacancy
−$3.3K −$1.39/SF
EGI
$56.4K $23.81/SF
− OpEx
−$16.9K −$7.14/SF
NOI
$39.5K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,140
Cap Rate 7%
$563,671
Cap Rate 9%
$438,411
Alternative Uses
Best Use
Multifamily LT 5
$563.7K
$493.2K – $657.6K
NOI $39,457 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$520.0K
$455.0K – $606.7K
NOI $36,403 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,688 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
550
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with refreshed mechanical systems and outdoor amenity areas.
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 $1,370,000.
What are key features of this property?
This property features: Triplex with 2,367 square feet on a 0.1‑acre lot; Six bedrooms and three bathrooms; 2023 roof, water heater, and air‑conditioning updates
