Single-Story
For Sale
$765,000
502 W Branch Street, Lantana, FL 33462
Residential Income, Lantana, FL
Property Size2,204 SF
Lot Size0.16 Acres
Price / SF$347.10
Days on Market73
Property Features for 502 W Branch Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R15 (city)
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 4, Bathroom 3
Window features
Storm Window(s)
Patio and Porch features
Porch
Pets allowed
Cats OK, Dogs OK, Yes
Exterior features
Lighting, Storage
Fencing
Fenced
Subdivision
GREYNOLDS HIGHLANDS UNIT 1
Elementary school
Lantana
Middle school
Lantana Community
High school
Lake Worth
Standard status
Active
APN
40434503150160170
Size
2,204 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 1 GREYNOLDS HIGHLANDS LTS 17 & 18 & N 10 FT OF ABND 20 FT ALLEY LYG S OF & ADJ TO BLK 16
Tax Annual Amount
10714
Legal Description
UNIT 1 GREYNOLDS HIGHLANDS LTS 17 & 18 & N 10 FT OF ABND 20 FT ALLEY LYG S OF & ADJ TO BLK 16
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Window Unit(s), Electric, Ceiling Fan(s), Wall/Window Unit(s), Central Air
Water source
Well, Public
Amenities
well for irrigation
new impact windows
Building Details
Year built
1972
Floors in Building
1
Number of units
3
Flooring type
Tile - Ceramic, Concrete, Carpet, Vinyl, Engineered
Building materials
CBS, Stucco
Roof type
Rolled Hot Mop, Shingle
Additional Structures
Storage
Listing Agency:
Saba Realty
Listed By:
Kimberly Johnston · License #3342746
(561) 281-6176
Added: Aug 4
Changed: Oct 15
Last Checked: Oct 15 at 11:06PM
MLS# B26061522
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 single-level triplex contains 2,204 square feet of finished living area, arranged as a 3-bedroom, 2-bath residence, a 1-bedroom, 1-bath unit, and a studio apartment. The property occupies 0.16 acres and was built in 1972. Recent improvements include impact-resistant windows, and an on-site well serves irrigation. Exterior features include storage, lighting, a porch, and fencing. Construction is CBS with stucco.
The property is in Lantana, Florida, and is zoned R15 under city zoning. Public water and sewer are listed among the services, and cable is available. The three-unit configuration and distinct unit mix are supported by the existing layout.
The property is in Lantana, Florida, and is zoned R15 under city zoning. Public water and sewer are listed among the services, and cable is available. The three-unit configuration and distinct unit mix are supported by the existing layout.
Key Highlights
- Three‑unit layout: 3BR/2BA, 1BR/1BA, and studio apartment
- 2,204 square feet of finished living space
- 0.16‑acre lot with a well for irrigation
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.
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Current Use
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate living spaces comprise a 3-bedroom, 2-bath residence, a 1-bedroom, 1-bath unit, 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 layout: 3BR/2BA, 1BR/1BA, and studio apartment; 2,204 square feet of finished living space; 0.16‑acre lot with a well for irrigation
