$675,000
Price
Beds
Baths
1,684 Sq. Ft.
$401 / Sq. Ft.
1,684
Sq. Ft.
$401
per Sq. Ft.

Description

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...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!
  1. Listed by Mohammed Ismail • Illustrated Properties • 561-236-4775

Property Details for 4559 Cole Street

Subdivision
WEST PARK
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water
LISTING UPDATED: 12/14/2025 12:14 PM

Property Details for 4559 Cole Street

StatusActive
MLS #RX-11147186
Days on Market11
Taxes$4,599 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1959
Lot Size0.21 AC / 9,241 SF
CountyPalm Beach County

Location

Listing Courtesy of Illustrated Properties
Add your commute

Building Information for 4559 Cole Street

Stories1Residences-Year Built1959Building Size-Lot Size0.21 AC / 9,241 SF

Payment Calculator

$3,719 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,335

Property Taxes

$383

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4559 Cole Street

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: 3 BLOCKS N OF BELVEDERE ON W SIDE OF MILITARY TRAIL
  • Geo Area: Palm Beach 5500; 5510
  • Street Number: 4559
  • Subdivision Complex Bldg: WEST PARK
  • Municipal Code: West Palm Beach
  • State: FL
  • City Postal ID: 33417
  • MLS Area: 5500
  • MLS Sub Area: PB22
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2025
Property
Lot Information
  • Area: 5500
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre
  • Parcel ID: 00424325050000143
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 1,972
  • Square Ft Source: Other
  • Zoning: RH
Property and Assessments
  • Legal Desc: WEST PARK REPL E 65 FT OF TR 14 (LESS S 5 FT COLE ST R/W)
  • Sq Ft Liv Area: 1684.0
  • Legal Description: WEST PARK REPL E 65 FT OF TR 14 (LESS S 5 FT COLE ST R/W)
Utilities
  • Utilities: Cable, Electric, Public Water, Septic
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction, Concrete Block Construction, Concrete Block With Brick, Frame With Stucco, Stucco Exterior Construction
  • Exterior Features: Fence
  • Private Pool: No
  • Storm Protection: Impact Glass: Complete
  • Subdiv Amenities: None
  • Gated Community YN: No
Interior Features
  • Roof: Mixed
  • Separate Elec Meters: No
  • Separate Wtr Meters: No
  • Cooling: Ceiling Fan, Central, Wall-Win A/C
  • Flooring: Tile
  • Heating: Central, Electric, Window/Wall
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $51,819.00
  • Income & Expenses: Annual Total Expense: $15,381.00
  • Income & Expenses: Gross Operating Inc: $67,200.00
  • Tenant Pays: None
Unit 1
  • Unit 1 Desc: A/C Unit, Dishwasher, Kitchen, Microwave, Range - Electric, Refrigerator, Separate Dining, Split Bedrooms
  • Unit 1 Info: Bedrooms: 2
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 2,400
  • Unit 1 Info: SqFt: 1369.0
  • Unit 1 Parking: Open Parking, Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Kitchen, Range - Electric, Refrigerator
  • Unit 2 Info: Bedrooms: 2
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $1,800
  • Unit 2 Info: SqFt: 504.0
  • Unit 2 Parking: Open Parking, Space Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Kitchen, Range - Electric, Refrigerator
  • Unit 3 Info: Monthly Income: $1,400.00
  • Unit 3 Info: SqFt: 462.0
  • Unit 3 Parking: Open Parking, Space Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 4559 Cole Street

DateEvent & SourcePriceAppreciation
Dec 12, 2025

Listed (Active)

RAPB #RX-11147186

$675,000
Mar 17, 2022

Sold (Public Record)

Public Record #1486678180

$350,000
Mar 17, 2022

Sold

RAPB #RX-10772234

$350,000
Jan 27, 2022

Pending

RAPB #RX-10772234

Jan 21, 2022

Listed (Active)

RAPB #RX-10772234

$347,900
Jul 29, 1999

Sold

RAPB #RX-9918800

$75,000
May 27, 1999

Pending

RAPB #RX-9918800

Apr 21, 1999

Listed (Active)

RAPB #RX-9918800

$74,900
DateEvent & SourcePrice
12/12/2025

Listed (Active)

RAPB #RX-11147186

$675,000
03/17/2022

Sold (Public Record)

Public Record #1486678180

$350,000
03/17/2022

Sold

RAPB #RX-10772234

$350,000
01/27/2022

Pending

RAPB #RX-10772234

01/21/2022

Listed (Active)

RAPB #RX-10772234

$347,900
07/29/1999

Sold

RAPB #RX-9918800

$75,000
05/27/1999

Pending

RAPB #RX-9918800

04/21/1999

Listed (Active)

RAPB #RX-9918800

$74,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4559 Cole Street

Taxable ValueLand-Additions-Total-
Tax Record2025$4,744 ($395 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,684 SqFtAbove Grade Finished SqFt1,684 SqFtStories1Lot Size9,239 SqFtStyleSingle Family ResidenceYear Built1959Year Renovated2002ZoningRHCountyPALM BEACHAPN00-42-43-25-05-000-0143

Schools near 4559 Cole Street

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Hope-Centennial Elementary School
PublicPK to 5

Bear Lakes Middle School
Public6 to 8

Palm Beach Lakes High School
Public9 to 12

Florida Futures Academy North Campus
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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4559 Cole Street is a multi-family home for sale in West Palm Beach, FL 33417. This property was listed for sale on December 12, 2025 by Illustrated Properties, it's currently listed at $675,000. It has been on the market for a total of 11 days and was last sold on March 17, 2022. This listing's school district is Palm Beach. Nearby schools include Hope-Centennial Elementary School, Bear Lakes Middle School and Palm Beach Lakes High School. 4559 Cole Street is a 0-bed, 0-bath, 1,684 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Illustrated Properties

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.