$500,000
SOLD JUL 11, 2025
-- Bed
3 Baths
1,828 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$274 Per Sq Ft

2% Below List Price

10 Days on Market

Highlights

  • Room in yard for a pool
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Beachland Elementary School Rated A-
  • No HOA
  • Patio

About This Home

As of July 2025

Don't miss this rare opportunity to own a fully functional and income-generating triplex in the heart of Vero Beach, just half a mile from downtown and only two miles from the beach. Whether you're an investor seeking strong returns or an owner-occupant looking to house hack, this property offers flexibility, comfort, and excellent income potential.
The property features three units with private entrances and separate electric meters. Unit 1 is a 310 sq ft studio with a long-term month-to-month tenant currently paying $895 per month. Unit 2 is another 310 sq ft studio operating as a successful Airbnb with stylish finishes, averaging approximately $1,650 per month in short-term rental income, and is being offered fully furnished. Unit 3 is a spacious 2-bedroom, 1-bathroom unit currently owner-occupied, with rental potential estimated between $2,200 and $2,500 per month. This unit has been updated with modern finishes in 2024 and also comes fully furnished, making it truly move-in ready.
The property has been thoughtfully designed to provide comfort and privacy for all residents. The 2-bedroom unit includes its own fenced patio and private yard, while the studio units share a fenced outdoor common space. Laundry is available individually for the 2-bedroom unit with a separate laundry with shared exterior access for the studios. The lot is shaded with mature trees, enhancing the serene setting, and there's even a full RV 20-amp hookup on site for added versatility. Best of all, there's NO HOA, offering complete freedom and flexibility for the new owner. For qualified buyers, an assumable mortgage may be available, making this an even more attractive opportunity. This is the perfect blend of location, lifestyle, and investment potential.

Last Agent to Sell the Property

Julie Genson

Ranch Realty License #3561037 Listed on: 05/17/2025

Ranch Realty

Co-Listed By

Reginald Tougas

Ranch Realty License #698459

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,740

Year Built

  • Built in 1951

Lot Details

  • 8,712 Sq Ft Lot

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 3 Bathrooms
  • 1,828 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Concrete
  • Tile
  • Vinyl

Pool

  • Room in yard for a pool
  • Outdoor Shower

Outdoor Features

  • Patio
  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Radiant Heating System
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 33390100005005000003.0

Community Details

Overview

  • No Home Owners Association
  • Royal Park Subdivision

Building Details

  • Gross Income $29,940
  • Net Operating Income $14,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,740

Year Built

Built in 1951

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: West on Royal Palm Rd., Turn right on Granada Ave, Home is third building on the right hand side.
  • Year Built: 1951
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Triplex
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Concrete, Tile, Vinyl, Wood
  • Living Area: 1828.0

Exterior Features

  • Exterior Features: Outdoor Living Area, Outdoor Shower, Room For Pool
  • Fencing: Fenced
  • Lot Features: < 1/4 Acre
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Cooling: Central Air, Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Individual, Radiant, Wall Furnace
  • Heating Yn: Yes
  • Electric: 3 Phase
  • Utilities: Water Available
  • Water Source: Multiple Meters, Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Lot Info

  • Parcel #: 33390100005005000003.0
  • Lot Size Acres: 0.2
  • Lot Size: 58.0 ft x 149.0 ft
  • Lot Size Sq Ft: 8712.0
  • Mobile Dim Units: Feet
  • Zoning: RM-10/

Rental Info

  • Tenant Pays: None

Multi Family

  • Property Net Operating Income: 14000.0
  • Annual Gross Income: 29940.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5740.35
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2025 07/11/25 Sold $500,000 -2.0% $274 / Sq Ft
05/26/2025 05/26/25 Pending -- -- --
05/16/2025 05/16/25 For Sale $510,000 +56.9% $279 / Sq Ft
08/05/2020 08/05/20 Sold $325,000 0.0% $143 / Sq Ft View Prior Sale
07/06/2020 07/06/20 Pending -- -- --
06/03/2020 06/03/20 For Sale $325,000 +339.8% $143 / Sq Ft
09/12/2014 09/12/14 Sold $73,900 -27.5% $33 / Sq Ft View Prior Sale
08/13/2014 08/13/14 Pending -- -- --
05/30/2014 05/30/14 For Sale $102,000 -- $45 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,250 $360,953 $29,621 $331,332
2024 $5,661 $337,055 $29,621 $307,434
2023 $5,661 $340,801 $29,621 $311,180
2022 $4,830 $294,958 $22,216 $272,742
2021 $4,400 $256,569 $22,216 $234,353
2020 $2,670 $147,008 $22,216 $124,792
2019 $1,603 $81,013 $19,575 $61,438
2018 $1,559 $82,936 $19,575 $63,361
2017 $1,499 $82,945 $0 $0
2016 $1,264 $58,590 $0 $0
2015 $1,222 $54,420 $0 $0
2014 $1,064 $50,090 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R11091463

BeachesMLS (Greater Fort Lauderdale)

APN: 33-39-01-00005-0050-00003.0

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