Single-Story
For Sale
$765,000
502 W Branch Street, Lantana, FL 33462
The three-unit configuration includes a three-bedroom residence, a one-bedroom residence, and a studio.
Property Size2,204 SF
Price / SF$347.10
Days on Market8
Property Features for 502 W Branch Street
General Information
Standard status
Active
Size
2,204 SF
Property subtype
Triplex
Units
Unit Mix
3BR/2BA, 1BR/1BA, Studio Apt
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,714
Building Details
Building Size
2,204 SF
Year Built
1972
Stories
1
Listing Agency:
Saba Realty
Listed By:
Kimberly Johnston · License #3342746
(561) 281-6176
Source:
Meyerlucas
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 21 at 3:45AM
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 Saba Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-story triplex in Lantana contains 2,204 square feet of finished living space across three units. The mix consists of a 3BR/2BA residence, a 1BR/1BA residence, and a studio. Built in 1972, the property has new impact windows and a well for irrigation.
Key Highlights
- Three‑unit mix: 3BR/2BA, 1BR/1BA, and studio
- 2,204 square feet of finished living space
- Single‑story building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,740
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,800
$734.8K
Cap Rate 7%
$524,857
$524.9K
Cap Rate 9%
$408,222
$408.2K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$55.5K $25.20/SF
− Vacancy
−$3.1K −$1.39/SF
EGI
$52.5K $23.81/SF
− OpEx
−$15.7K −$7.14/SF
NOI
$36.7K $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%
$734,800
Cap Rate 7%
$524,857
Cap Rate 9%
$408,222
Alternative Uses
Best Use
Multifamily LT 5
$524.9K
$459.3K – $612.3K
NOI $36,740 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$484.2K
$423.7K – $564.9K
NOI $33,896 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,653 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,213
Businesses Nearby
Explore this area
Business Placement
Demographics for 33462, FL
33,982
Population
15,911
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
84%
High-School Grad
8.6 sq mi
ZIP Area
3,951
Density / Sq Mi
$72,288
Median Household Income
$38,193
Median Earnings
$1,659
Median Rent
$323,600
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
Frequently Asked Questions
What type of property is this?
Triplex - The three-unit configuration includes a three-bedroom residence, a one-bedroom residence, and a studio.
Where is this triplex located?
The property is located at 502 W Branch Street Lantana, FL.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Three‑unit mix: 3BR/2BA, 1BR/1BA, and studio; 2,204 square feet of finished living space; Single‑story building
