Renovated Triplex with Central
618 30th Street West Palm Beach, FL 33407
618 30th Street, West Palm Beach, FL, 33407
$679,000
For Sale
$679,000
Renovated triplex with central AC in two units and a roof recoated in late 2024.
Property Size1,689 SF
Price / SF$402.01
Days on Market9
Property Features for 618 30th Street
General Information
- Standard status
- Active
- Size
- 1,689 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1930
Listing agency
LoKation
(786) 202-5354
Listed by
Pilar Lesmes · License #R11165434
(786) 202-5354
Source
Lehmannflorida
Added: Jul 14 Updated: Jul 21 at 6:21PM Checked: Jul 21 at 6:21PM
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 LoKation
Investment Insights
Based on property information with market context.
This turnkey triplex offers a recently renovated setup and includes central AC in two of the units. The roof was recoated in late 2024, and two units are furnished, supporting flexible short-term rental use. The property has been vacant since late June 2026.
Located in the Northwood area of West Palm Beach, the home is described as being just blocks from the new development of Northwood Village, with restaurants, cafes, and boutiques nearby. The remarks also note that Downtown WPB, Singer Island, Palm Beach Lakes Mall, Palm Beach International Airport, and the train station are within minutes, along with Good Samaritan Hospital, The Breakers, and local beaches.
According to the provided information, the property was producing $5,325 per month as a yearly rental prior to becoming vacant.
Located in the Northwood area of West Palm Beach, the home is described as being just blocks from the new development of Northwood Village, with restaurants, cafes, and boutiques nearby. The remarks also note that Downtown WPB, Singer Island, Palm Beach Lakes Mall, Palm Beach International Airport, and the train station are within minutes, along with Good Samaritan Hospital, The Breakers, and local beaches.
According to the provided information, the property was producing $5,325 per month as a yearly rental prior to becoming vacant.
Key Highlights
- Renovated triplex built in 1930 in West Palm Beach’s Northwood area
- Central A/C in two units; two units are furnished
- Roof re‑coated in late 2024
Local 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 | $47.6k | $28.20 |
| − Vacancy | −$2.5k | −$1.47 |
| EGI | $45.2k | $26.73 |
| − OpEx | −$13.5k | −$8.02 |
| NOI | $31.6k | $18.71 |
1,689 SF · lease $28.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$451.5K
$395.1K – $526.8K
NOI $31,607 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$419.9K
$367.5K – $489.9K
NOI $29,396 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,264 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Renovated triplex with central AC in two units and a roof recoated in late 2024.
Where is this triplex located?
The property is located at 618 30th Street West Palm Beach, FL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Renovated triplex built in 1930 in West Palm Beach’s Northwood area; Central A/C in two units; two units are furnished; Roof re‑coated in late 2024
