1,767 Sq Ft Triplex in Northport – Needs TLC

This vacant three-bedroom, three-bathroom triplex contains three separate one-bedroom, one-bathroom units and approximately 1,767 sq ft under air. Built in 1955 with mixed frame and CBS construction, the property includes a one-car garage, a 9,601 sq ft lot, well and septic systems, wall-unit air conditioning, no HOA and FEMA Zone X. The shingle roof covering Units A and B was replaced in 2023, while Unit C has a separate flat roof requiring attention. All three units are vacant.

Repairs Needed (Estimated)

• Repair or replace the lifting flat roof over Unit C
• Repair damaged roofing and replace the utility-shed roof
• Address deteriorated siding, stucco, exterior sheathing and water intrusion
• Evaluate and repair possible termite damage in Unit C
• Renovate the Unit A kitchen and bathroom
• Repair damaged flooring, walls, tile and interior finishes throughout
• Correct electrical defects, improperly wired outlets and panel openings
• Repair plumbing leaks, fixtures, shutoffs and the nonworking Unit C shower
• Replace or service wall A/C units and verify operation in every unit
• Replace damaged windows, doors, porch screens and the garage door
• Remediate water-damaged materials and mold-like growth
• Complete interior and exterior paint, appliances, landscaping and laundry equipment

Comparable Sales

1. 438 Granada Blvd – Triplex, 5/3, 1,875 sq ft, sold February 2026 for $460,000. Freshly painted with recent A/C improvements, separate electric meters and a superior two-bedroom, two-bedroom and one-bedroom unit configuration. Similar size and unit count, but the additional bedrooms and stronger setup make this an upper-end outlier.
2. 205 Santurce Ave – Triplex, 5/3, 2,367 sq ft, sold January 2026 for $305,000 cash. Well-maintained, updated and fully occupied with approximately $4,350 in monthly rent. It is significantly larger with two additional bedrooms, but provides the most relevant three-unit income-property support below the Granada outlier.
3. 200 San Lorenzo Ave – Duplex, 5/2, 1,821 sq ft, sold March 2026 for $290,000 cash. Remodeled within the preceding five years with a 2023 roof, updated electrical panels, newer HVAC equipment and impact windows in one unit. Nearly identical in living area but has one fewer unit and a different bedroom configuration.
4. 300 San Lorenzo Ave – Duplex, 4/2, 1,550 sq ft, sold July 2026 for $262,500 cash. Functioning income property with central air, appliances and laundry facilities. Smaller than the subject and has one fewer rental unit, making it useful lower-end support.
5. 120 Granada Blvd – Duplex, 4/2, 1,224 sq ft, sold December 2025 for $260,000. Public records indicate prior updating, although the sale’s exact retail condition could not be fully verified. Considerably smaller with one fewer unit, so it receives secondary weight.

ARV & Rental Analysis

Estimated ARV: $305,000 to $325,000 +/-

Estimated Rent: $4,200 to $4,500 per month +/-