Triplex with
New
For Sale
$895,000
804 S Broadway, Lantana, FL 33462
Residential Income, Lantana, FL
Property Size3,088 SF
Lot Size0.19 Acres
Price / SF$289.83
Days on Market5
Property Features for 804 S Broadway
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R15 (city)
Bedrooms
6
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 3
Exterior features
Courtyard
Accessibility
Accessible Approach with Ramp
Subdivision
GREYNOLDS HIGHLANDS UNIT 1
Elementary school
Lantana
Middle school
Lantana Community
High school
Lake Worth
Directions
From I-95, take Exit 61 for Lantana Road. Head east on Lantana Road, then turn right (south) onto S Broadway Street. Continue south to 804 S Broadway Street, Unit 1, Lantana, FL 33462.
Standard status
Active
APN
40434503150140251
Size
3,088 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 1 GREYNOLDS HIGHLANDS S 3.05 FT OF W 65 FT & S .50 FT OF E 56 FT OF LT 25~ LTS 26~ 27~ N 10 FT OF LT 28 & W 10 FT OF ABND 20 FT ALLEY L
Tax Annual Amount
11769
Legal Description
UNIT 1 GREYNOLDS HIGHLANDS S 3.05 FT OF W 65 FT & S .50 FT OF E 56 FT OF LT 25~ LTS 26~ 27~ N 10 FT OF LT 28 & W 10 FT OF ABND 20 FT ALLEY L
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer and dryer
Building Details
Year built
1978
Floors in Building
1
Number of units
3
Flooring type
Tile, Clay
Building materials
CBS, Concrete
Roof type
Composition
Listing Agency:
Serhant
(561) 203-2762
Listed By:
Jennifer Gallagher · License #3567861
(561) 232-4542
Added: Oct 13
Changed: Oct 16
Last Checked: Oct 17 at 7:06AM
MLS# B26088840
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 1978 triplex contains three separate residences within 3,088 square feet on a 0.19-acre lot. Each unit has an individual electric meter and washer and dryer. A courtyard is among the property’s exterior features, and the building has central heating and air conditioning, tile and clay flooring, and a composition roof. Construction is CBS and concrete, with an accessible approach ramp.
The property is on S Broadway in Lantana, near downtown, dining, shopping, beaches, and major roadways. Zoning is R15 (city). Public water and sewer are available.
The property is on S Broadway in Lantana, near downtown, dining, shopping, beaches, and major roadways. Zoning is R15 (city). Public water and sewer are available.
Key Highlights
- Three separate residences in 3,088 square feet
- 0.19‑acre lot with a courtyard
- Individual electric meter and washer and dryer for each residence
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.
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Current Use
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has an individual electric meter and 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 in 3,088 square feet; 0.19‑acre lot with a courtyard; Individual electric meter and washer and dryer for each residence
