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

4559 Cole Street, West Palm Beach, FL 33417

$600,000

Virtual Tour

https://www.propertypanorama.com/4559-Cole-Street-West-Palm-Beach-FL-33417/unbranded

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

Last Updated: March - 25 - 2026

Broker Attribution: 561-236-4775

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