1926 Spanish Colonial triplex, a gem just inside the highly sought-after SoSo area of West Palm Beach. This character-rich property is surrounded by old-growth trees and mature palms, offering timeless South Florida vibes. The property features a large main house + two studio apartments, with strong income potential. Per tax records, the property is zoned for up to 5 units, making it an exceptional value-add or long-term hold. Located just 5 minutes to Downtown West Palm Beach and PBI Airport (outside the flight path), and 10 minutes to the beach, with restaurants, parks, and entertainment nearby. A prime blend of historic charm, location, and investment potential
Investor opportunity in the desirable SoSo / Hillside Park area of West Palm Beach. This 1926 Spanish Colonial triplex is surrounded by mature trees and palms and offers a classic Spanish style main house plus two studio apartments. Zoned for up to 5 units per tax records, providing excellent income and value-add potential. Located 5 minutes to Downtown West Palm Beach and PBI Airport (outside flight path), 10 minutes to the beach, and close to restaurants, parks, and entertainment.
Beaches MLS #R11158339
Apr 17, 2026
Sold
$565,000
$244/sq ft
Mar 17, 2026
Contingent
—
Mar 12, 2026
Relisted
—
Mar 12, 2026
Price Changed
$675,000
$292/sq ft
Mar 1, 2026
Contingent
—
Jan 26, 2026
Listed
$725,000
$313/sq ft
Public Records
Jul 10, 2020
Sold
$345,000
$149/sq ft
Beaches MLS #R3294267
Jul 1, 2013
Listing Removed
—
Jul 9, 2012
Listed
$299,900
$130/sq ft
Beaches MLS #RX-3012098
Jul 24, 2009
Sold
$170,000
$73/sq ft
Jul 17, 2009
Listing Removed
—
Apr 10, 2009
Listed
$184,000
$80/sq ft
Public Records
Mar 1, 2006
Sold
$475,000
$205/sq ft
Beaches MLS #R2227954
Oct 7, 2002
Sold
$246,000
$106/sq ft
Aug 27, 2002
Listing Removed
—
Jun 3, 2002
Listed
$259,000
$112/sq ft
Beaches MLS #R9819404
Jun 16, 1999
Sold
$175,000
$76/sq ft
Mar 30, 1999
Listing Removed
—
Sep 18, 1998
Listed
$189,900
$82/sq ft
Public Records
Jun 23, 1998
Sold
$125,500
$54/sq ft
Public Records
May 2, 1997
Sold
$94,300
$41/sq ft
Public Records
Mar 1, 1991
Sold
$85,000
$37/sq ft
Public Records
Aug 9, 1988
Sold
$71,000
$31/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$10,214 (+3.7%)
$171,817 + $292,978
$464,795
2024
$9,846 (+1.3%)
$171,817 + $275,914
$447,731
2023
$9,717 (+8.1%)
$171,817 + $275,914
$447,731
2022
$8,991 (+7.3%)
2021
$8,379 (+36.9%)
$126,968 + $228,183
$355,151
2020
$6,122 (+6.6%)
2019
$5,744 (+14.4%)
2018
$5,021 (+11.3%)
2017
$4,511 (+4.2%)
$42,219 + $186,492
$228,711
2016
$4,329 (+3.0%)
2015
$4,204 (+10.4%)
2014
$3,808 (+17.2%)
2013
$3,249 (+9.8%)
2012
$2,958 (−21.1%)
2011
$3,747
Tax history for 735 Colonial Rd
Year
Property tax
Land + Additions
Assessment*
2025
$10,214 (+3.7%)
$171,817 + $292,978
$464,795
2024
$9,846 (+1.3%)
$171,817 + $275,914
$447,731
2023
$9,717 (+8.1%)
$171,817 + $275,914
$447,731
2022
$8,991 (+7.3%)
2021
$8,379 (+36.9%)
$126,968 + $228,183
$355,151
2020
$6,122 (+6.6%)
2019
$5,744 (+14.4%)
2018
$5,021 (+11.3%)
2017
$4,511 (+4.2%)
$42,219 + $186,492
$228,711
2016
$4,329 (+3.0%)
2015
$4,204 (+10.4%)
2014
$3,808 (+17.2%)
2013
$3,249 (+9.8%)
2012
$2,958 (−21.1%)
2011
$3,747
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Patio And Porch Features: Patio - Covered, Patio, Porch
Roof: Barrel, Concrete, Spanish Tile, Tile
Property Information
Property Sub Type: Single Family Residence
Levels: Multi/Split
Property Condition: Resale
Security Features: Fire Alarm, Smoke Detector(s)
Living Area: 2,314
Lot Information
Lot Size Dimensions: 59.0 ft x 110.0 ft
Lot Features: Fruit Tree(s)
Waterfront YN: No
Waterfront Features: None
Financial
Tax Information
Tax Annual Amount: $10,213.60
Tax Year: 2025
Parcel Number: 74434409040002000
Utilities
Utility Information
Water Source: Public
Electric: Three Phase
Utilities: Cable Available, Natural Gas Available, Water Available
Heating & Cooling
Has Heating
Heating: Central
Has Cooling
Cooling: Central Air, Ceiling Fan(s), Wall/Window Unit(s)
Location
HOA Information
Association Amenities: Basketball Court, Dog Park, Golf Course, Jogging Path, Park, Picnic Area, Playground, Trail(s), Baseball/Softball Field, Library, Putting Green, Sidewalks, Soccer Field
School Information
Elementary School: Palmetto (Palm Beach)
Middle Or Junior School: Conniston Community
High School: Forest Hill
Location Information
Direction Faces: West
Directions: i95 to Forrest Hills BLVD East, Left on Lake Ave, property on right.
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,378
Stories: 1.0
Lot Size: 6,490 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1928
Year Renovated: 1985
County: Palm Beach County
APN: 74434409040002000
Home facts updated by county records on Sep 28, 2026
Around this home
Schools
K - 12
Preschool & daycare
Palmetto Elementary School
Public PreK-5 • Assigned • 0.1mi
9/10
Conniston Middle School
Public 6-8 • Assigned • 1.3mi
4/10
Forest Hill Community High School
Public 9-12 • Assigned • 0.5mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 105° expected this year, 24 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
West Palm Beach, FL • 33405
Average low and high temperatures (°F)
73
59
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66
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72
86
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90
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91
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87
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83
74
80
68
77
65
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 6.8 hours in December, placing it above the
U.S. average for solar exposure.