4559 Cole Street, West Palm Beach, FL 33417 (MLS# R11147186)

4559 Cole Street, West Palm Beach, FL 33417

$600,000
Property Type: Residential Income Square Footage: 1,972 Status: Active
Current Price: $600,000 List Date: 12/12/2025 Last Modified: 3/25/2026

Overview

Description

Excellent Income-Producing Triplex, 10% Cap Rate! Low-maintenance, high-return investment opportunity. This well-maintained triplex features full impact windows throughout, offering durability and insurance savings. The property includes three units: A 2BR/1BA currently rented at $1,900/month (annual lease) A 1BR/1BA rented at $1,400/month The main unit (owner-occupied), previously rented for $2,400/month, with strong potential to rent at the same or higher rate Projected income makes this a true cash-flowing asset for investors. Centrally located just minutes from shopping, dining, the airport, and area beaches—highly desirable for tenants and ensures consistent demand. Don't miss this rare opportunity to own a strong-performing income property!

Listing Details MLS# R11147186

General Property Information

Property Sub Type
Triplex
Building Area Main
1972
Building Area Source
Other
Living Area Main
1684
Year Built
1959
Gated Community YN
No
Lot Size Area
9241
Lot Size Acres
0.21
Senior Community YN
No
Stories
Yes
Pool Private YN
No

Property Features

Documents Available: Copy Of Lease(s) Electric: Three Phase Fencing: Fenced Flooring: Tile Property Condition: Resale Tenant Pays: None Source Of Expenses: Owner Provided Construction Materials: CBS; Concrete; Stucco Cooling: Ceiling Fan(s); Central Air; Wall/Window Unit(s) Heating: Central; Electric; Window/Wall Listing Terms: Cash; Conventional Possession: Negotiable Restrictions: No Restrictions Roof: Mixed Sewer: Septic Tank Tax Information: Homestead Exemption Utilities: Cable Available; Water Available Water Access: None Water Source: Public Showing Requirements: 24 Hour Notice; Occupied; Text Listing Agent Occupant Details: Tenant Occupied Unit 1 Appliances: Dishwasher; Microwave; Range; Refrigerator Unit 1 Interior Features: Split Bedroom Plan Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking; Parking Space Unit 1 Rooms: Kitchen; Separate Dining Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Open Parking; Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Open Parking; Parking Space Unit 3 Rooms: Kitchen Acreage Description: Less Than 1/4 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Listing Contract Date
2025-12-12
Original List Price
675000
Negotiable Seller Concessions YN
Yes

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
4559
Street Name
Cole
Street Suffix
Street
City Name
West Palm Beach
State Or Province
FL
Postal Code
33417
Postal Zip
33417
Subdivision Name
WEST PARK
Area
5500
Geographic Area
PB22
Parcel Number
00424325050000143
Zoning
RH
Directions
3 BLOCKS N OF BELVEDERE ON W SIDE OF MILITARY TRAIL

Financial Information

Tax Annual Amount
4599
Tax Year
2025
Tax Legal Description
WEST PARK REPL E 65 FT OF TR 14 (LESS S 5 FT COLE ST R/W)
Estimated Monthly Assoc Recurring Fee
0

Status Change Information

Major Change Timestamp
2026-03-25T02:11:30Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-03-25T02:11:30Z
Status Change Date
2025-12-12

More Information

Meter Information

Separate Electric Meters YN
No
Separate Water Meters YN
No

Income and Expenses

Annual Total Expense
15381
Gross Income
67200
Net Operating Income
51819

Storm Protection

Impact Glass
Complete

Showing Details

Pet(s) on Premises
No

Unit 1 Details

Actual Rent
2400
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No
SqFt
1369

Unit 2 Details

Actual Rent
1800
Baths Full
Yes
Furnished
Unfurnished
SqFt
504

Unit 3 Details

Actual Rent
1400
SqFt
462

Price Calculations

Current Price To SqFt
304.25

Originating Details

Originating System Key
20251207203315739724000000
Originating System ID
M00000170

Currently Not Used

Number Of Units Total
3

Office/Member Information

DXORIGMLSID
RML

Electric

Three Phase
Yes

Flooring

Tile
Yes

Property Condition

Resale
Yes

Documents Available

Copy Of Lease(s)
Yes

Fencing

Fenced
Yes

Tenant Pays

None
Yes

Possession

Negotiable
Yes

Sewer

Septic Tank
Yes

Utilities

Cable Available
Yes
Water Available
Yes

Heating

Central
Yes
Electric
Yes
Window/Wall
Yes

Water Access

None
Yes

Construction Materials

CBS
Yes
Concrete
Yes
Stucco
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Mixed
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Wall/Window Unit(s)
Yes

Showing Requirements

24 Hour Notice
Yes
Occupied
Yes
Text Listing Agent
Yes

Restrictions

No Restrictions
Yes

Tax Information

Homestead Exemption
Yes

Occupant Details

Tenant Occupied
Yes

Unit 1 Appliances

Dishwasher
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes

Unit 1 Interior Features

Split Bedroom Plan
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes

Unit 1 Parking Features

Open Parking
Yes
Parking Space
Yes

Unit 1 Rooms

Kitchen
Yes
Separate Dining
Yes

Unit 2 Appliances

Range
Yes
Refrigerator
Yes

Unit 2 Other Equipment

Air Conditioning Unit
Yes

Unit 2 Parking Features

Open Parking
Yes
Parking Space
Yes

Unit 2 Rooms

Kitchen
Yes

Unit 3 Appliances

Range
Yes
Refrigerator
Yes

Unit 3 Other Equipment

Air Conditioning Unit
Yes

Unit 3 Parking Features

Open Parking
Yes
Parking Space
Yes

Unit 3 Rooms

Kitchen
Yes

Acreage Description

Less Than 1/4 Acre Lot
Yes
Less Than 1 Acre Lot
Yes
Listing Office: Illustrated Properties
IDX
Last Updated: March - 25 - 2026
Broker Attribution: 561-236-4775
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Search powered by FBS Products