Triplex with Separate Electric
New
For Sale
$895,000
804 S Broadway, Lantana, FL 33462
Each of the three residences has its own washer and dryer.
Property Size3,088 SF
Days on Market7
Property Features for 804 S Broadway
General Information
Standard status
Active
Size
3,088 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,769
Amenities
washer and dryer
Building Details
Building Size
3,088 SF
Year Built
1978
Listing Agency:
Serhant
Listed By:
Jennifer Gallagher · License #3567861
(561) 232-4542
Source:
Meyerlucas
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 21 at 7:13AM
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 Serhant
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex in Lantana contains three separate residences, each with individual living space, a washer and dryer, and a separate electric meter. The property was built in 1978 and is zoned R15 by the city.
Key Highlights
- Three separate residences, each with individual living space
- Separate electric meter, washer, and dryer for each residence
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,476
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,520
$1.0M
Cap Rate 7%
$735,371
$735.4K
Cap Rate 9%
$571,956
$572.0K
Market Conditions
NOI Build-Up for 3,088 SF
Gross rent
$77.8K $25.20/SF
− Vacancy
−$4.3K −$1.39/SF
EGI
$73.5K $23.81/SF
− OpEx
−$22.1K −$7.14/SF
NOI
$51.5K $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%
$1,029,520
Cap Rate 7%
$735,371
Cap Rate 9%
$571,956
Alternative Uses
Best Use
Multifamily LT 5
$735.4K
$643.5K – $857.9K
NOI $51,476 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$678.4K
$593.6K – $791.5K
NOI $47,491 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$2.17M
$1.90M – $2.54M
NOI $152,232 @ 7.0% cap · market cap 17.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
963
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
Check the figures for this property
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 - Each of the three residences has its own washer and dryer.
Where is this triplex located?
The property is located at 804 S Broadway Lantana, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Three separate residences, each with individual living space; Separate electric meter, washer, and dryer for each residence; Built in 1978
