Triplex with Private
8615 SE Lyons Road Hobe Sound, FL 33455
New
8615 SE Lyons Road, Hobe Sound, FL, 33455
$999,000
For Sale
$999,000
MULTI_FAMILY - Hobe Sound, FL
Property Size2,775 SF
Lot Size0.34 Acres
Price / SF$360
Days on Market2
Property Features for 8615 SE Lyons Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- res/multi
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 4
- Pets allowed
- Yes, No
- Fencing
- Fenced
- Standard status
- Active
- APN
- 343842024000000904
- Size
- 2,775 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LYON'S UNREC BEG N/LN S1/2 LOT 92 78.17' E OF NW COR E 800 FOR BEG E 100 S 150 W 100 & N TO BEG
- Tax Annual Amount
- 9254
Utilities
- Utilities
- Water Available
- Sewer type
- Septic Tank
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1979
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Block, CBS, Concrete, Stucco
- Roof type
- Metal
Listing agency
Realty One Group Engage
(772) 678-2099
Listed by
Patricia Griffith · License #3453592
(856) 981-1909
Added: Jul 21 Updated: Jul 22 at 1:14AM Checked: Jul 22 at 2:06PM
MLS# B26054661
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.
Investment Insights
Based on property information with market context.
This recently updated triplex includes three separate two-bedroom, one-bath units, and each unit features a private patio, an individual washer and dryer, and separately metered electric for convenient, independent utility management. Interior improvements include solid surface finishes throughout, newer appliances, updated ceiling fans, modern light fixtures, and other enhancements supporting day-to-day functionality.
The property is located in Hobe Sound, Florida, and the seller notes it is just minutes from the beach, shopping, restaurants, and entertainment.
Configured as three distinct rental units, this multifamily property is offered under res/multi zoning and provides a straightforward setup for investors seeking multiple income streams within a single building.
The property is located in Hobe Sound, Florida, and the seller notes it is just minutes from the beach, shopping, restaurants, and entertainment.
Configured as three distinct rental units, this multifamily property is offered under res/multi zoning and provides a straightforward setup for investors seeking multiple income streams within a single building.
Key Highlights
- Three separate 2‑bedroom, 1‑bath units in a multifamily layout, each with a private patio
- Each unit has its own washer and dryer and is separately metered for electric
- Recent updates include solid surface finishes, newer appliances, updated ceiling fans, and modern light fixtures
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 | $61.6k | $22.20 |
| − Vacancy | −$3.4k | −$1.22 |
| EGI | $58.2k | $20.98 |
| − OpEx | −$17.5k | −$6.29 |
| NOI | $40.8k | $14.69 |
2,775 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$582.2K
$509.4K – $679.2K
NOI $40,752 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$483.9K
$423.4K – $564.5K
NOI $33,870 @ 7.0% cap · market cap 3.39%
Theoretical Best
Retail
$729.0K
$637.9K – $850.5K
NOI $51,031 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Three updated two-bedroom, one-bath units each offer a private patio, in-unit washer and dryer, and separately metered electric.
Where is this triplex located?
The property is located at 8615 SE Lyons Road Hobe Sound, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three separate 2‑bedroom, 1‑bath units in a multifamily layout, each with a private patio; Each unit has its own washer and dryer and is separately metered for electric; Recent updates include solid surface finishes, newer appliances, updated ceiling fans, and modern light fixtures
