4559 Cole St West Palm Beach, FL 33417
Estimated payment $3,930/month
Highlights
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Fenced
- Tile Flooring
- Ceiling Fan
About This Home
Excellent income-producing property!Low-maintenance and high-return investment opportunity. This triplex has all impact windows. The owner currently occupies the main unit, while the additional 2-bedroom, 1-bath unit rents for $1,900 on an annual lease and the 1-bedroom, 1-bath unit rents for $1,400.The owner's unit was previously rented for $2,400 per month, and the new owner can easily rent it again for $2,400 or more, making this property a true cash cow.Centrally located just minutes from supermarkets, restaurants, the airport, and beautiful beaches--an ideal location for both owners and tenants. Don't miss this rare income opportunity!
Listing Agent
Illustrated Properties Brokerage Phone: 561-236-4775 License #3250368 Listed on: 12/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,599
Year Built
- Built in 1959
Lot Details
- 9,241 Sq Ft Lot
- Fenced
Home Design
- Triplex
Interior Spaces
- 1,684 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Tile Flooring
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Wall Furnace
- Septic Tank
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 00424325050000143
- Seller Considering Concessions
Community Details
Overview
- 3 Units
- West Park Subdivision
Building Details
- Operating Expense $15,381
- Net Operating Income $51,819
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,599 | $298,253 | -- | -- |
| 2024 | $4,599 | $289,847 | -- | -- |
| 2023 | $4,479 | $281,405 | $0 | $0 |
| 2022 | $3,326 | $144,736 | $0 | $0 |
| 2021 | $2,964 | $160,508 | $48,000 | $112,508 |
| 2020 | $2,672 | $135,019 | $45,600 | $89,419 |
| 2019 | $2,598 | $136,534 | $45,600 | $90,934 |
| 2018 | $2,136 | $98,856 | $24,138 | $74,718 |
| 2017 | $2,141 | $100,062 | $24,138 | $75,924 |
| 2016 | $2,121 | $96,440 | $0 | $0 |
| 2015 | $2,199 | $97,645 | $0 | $0 |
| 2014 | $892 | $54,717 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/12/2025 12/12/25 | For Sale | $675,000 | +92.9% | $401 / Sq Ft | |
| 03/17/2022 03/17/22 | Sold | $350,000 | +0.6% | $208 / Sq Ft | View Prior Sale |
| 02/15/2022 02/15/22 | Pending | -- | -- | -- | |
| 01/25/2022 01/25/22 | For Sale | $347,900 | 0.0% | $207 / Sq Ft | |
| 03/16/2015 03/16/15 | Rented | -- | -- | -- | |
| 02/14/2015 02/14/15 | Under Contract | -- | -- | -- | |
| 02/06/2015 02/06/15 | For Rent | $1,470 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $350,000 | Title & Abstract Agency Of Ame | |
| Trustee Deed | $108,100 | None Available | |
| Warranty Deed | $75,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $250,000 | New Conventional | |
| Previous Owner | $61,050 | FHA |
Source: BeachesMLS
MLS Number: R11147186
APN: 00-42-43-25-05-000-0143
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