Three-Unit Triplex with Covered
New
For Sale
$599,999
820 21st St, West Palm Beach, FL 33407
Residential Income, West Palm Beach, FL
Property Size1,455 SF
Price / SF$412.37
Days on Market6
Property Features for 820 21st St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
SF11 (ci
Bedrooms
6
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6
Parking
3
Subdivision
WASHINGTON HEIGHTS
Lot features
< 1/4 Acre
Standard status
Active
APN
74434316100060050
Size
1,455 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
WASHINGTON HGTS LT 5 BLK 6
Tax Annual Amount
4726
Legal Description
WASHINGTON HGTS LT 5 BLK 6
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
covered front porch
washer/dryer
Building Details
Year built
1926
Floors in Building
1
Flooring type
Laminate, Tile - Ceramic
Building materials
Frame
Roof type
Shingle
Listing Agency:
United Realty Group, Inc
(561) 235-2127
Listed By:
Claudia Scala · License #3376553
(305) 710-4144
Added: Oct 13
Changed: Oct 14
Last Checked: Oct 18 at 1:06AM
MLS# A12106256
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 West Palm Beach triplex contains three residences, each with two bedrooms, a living, dining, and kitchen area, and one full bath. The units have laminate flooring, updated bathrooms, paint, windows, and interior doors. Each residence also has a covered front porch; one has washer and dryer hookups, while another has a washer and dryer in place.
Electricity and water are separately metered, and tenants pay for electricity, water, and trash. Plumbing lines to the main sewer line have been hydro-jetted, cleaned, re-strapped, and re-pitched. The property has public water and sewer service.
Electricity and water are separately metered, and tenants pay for electricity, water, and trash. Plumbing lines to the main sewer line have been hydro-jetted, cleaned, re-strapped, and re-pitched. The property has public water and sewer service.
Key Highlights
- Three units, each with two bedrooms and one full bath
- Separate electric and water meters; tenants pay for electricity, water, and trash
- Updated bathrooms, paint, windows, and interior doors; laminate flooring throughout the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,228
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,560
$544.6K
Cap Rate 7%
$388,971
$389.0K
Cap Rate 9%
$302,533
$302.5K
Market Conditions
NOI Build-Up for 1,455 SF
Gross rent
$41.0K $28.20/SF
− Vacancy
−$2.1K −$1.47/SF
EGI
$38.9K $26.73/SF
− OpEx
−$11.7K −$8.02/SF
NOI
$27.2K $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%
$544,560
Cap Rate 7%
$388,971
Cap Rate 9%
$302,533
Alternative Uses
Best Use
Multifamily LT 5
$389.0K
$340.4K – $453.8K
NOI $27,228 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$361.8K
$316.5K – $422.1K
NOI $25,323 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.02M
$896.6K – $1.20M
NOI $71,728 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,671
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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 two bedrooms, a full bath, and separately metered electric and water service.
Where is this triplex located?
The property is located at 820 21st St West Palm Beach, FL.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Three units, each with two bedrooms and one full bath; Separate electric and water meters; tenants pay for electricity, water, and trash; Updated bathrooms, paint, windows, and interior doors; laminate flooring throughout the units
