Triplex with Separate Utility
817 Grant St, West Palm Beach, FL 33407
For Sale
$649,000
Residential Income, West Palm Beach, FL
Property Size2,096 SF
Price / SF$309.64
Days on Market48
Property Features for 817 Grant St
General Information
Property type
Property subtype
Zoning description
Bedrooms
Full bathrooms
Rooms
Parking
Window features
Subdivision
Lot features
Standard status
APN
Size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Listing Agency:
Mast Realty, Inc.
(305) 949-6278
Listed By:
Marci Swatt · License FL #0243140
(954) 298-3553
Added: Sep 26
Changed: Nov 10
Last Checked: Nov 12 at 8:06AM
MLS# A12096121
Copyright © 2026 Miami REALTORS®. 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 2,096-square-foot triplex was built in 1960 with block construction and vinyl flooring. The three apartments have separate water and electric meters, and occupants are responsible for their own utility costs. The property can be operated as rentals or occupied in part by an owner, with the remaining apartments rented. A roof replacement is noted for 2005.
The property is in West Palm Beach, near transportation, a hospital, and downtown. Public sewer service and cable availability are noted.
The property is in West Palm Beach, near transportation, a hospital, and downtown. Public sewer service and cable availability are noted.
Key Highlights
- Three apartments in a 2,096‑square‑foot triplex
- Separate water and electric meters for each apartment; tenants pay their own utilities
- Roof replaced in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,224
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,480
$784.5K
Cap Rate 7%
$560,343
$560.3K
Cap Rate 9%
$435,822
$435.8K
Market Conditions
NOI Build-Up for 2,096 SF
Gross rent
$59.1K $28.20/SF
− Vacancy
−$3.1K −$1.47/SF
EGI
$56.0K $26.73/SF
− OpEx
−$16.8K −$8.02/SF
NOI
$39.2K $18.71/SF
Area
West Palm Beach, FL
Vacancy
5.20%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,480
Cap Rate 7%
$560,343
Cap Rate 9%
$435,822
Alternative Uses
Best Use
Multifamily LT 5
$560.3K
$490.3K – $653.7K
NOI $39,224 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$521.1K
$456.0K – $608.0K
NOI $36,480 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,328 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,956
Businesses Nearby
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Business Placement
Demographics for 33407, FL
34,558
Population
15,147
Households
2.3
Avg Household Size
35
Median Age
26%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
3,491
Density / Sq Mi
$56,606
Median Household Income
$34,886
Median Earnings
$1,551
Median Rent
$290,500
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in West Palm Beach, FL
Properties on Market for Triplexes in West Palm Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Individual water and electric meters let occupants pay their own utility costs.
Where is this triplex located?
The property is located at 817 Grant St West Palm Beach, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Three apartments in a 2,096‑square‑foot triplex; Separate water and electric meters for each apartment; tenants pay their own utilities; Roof replaced in 2005
