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4138 Kirk Road, Lake Worth FL 33461

Multi-family Recently Sold
$680,000

BTC: 8.11310625

ETH: 256.60377358

Sold on: 2026-02-06
New
0 room(s)
1,008 sqft

Overview

The current NOI is $53,548 with a 7.65% CAP rate. Build 6 additional units, which will increase the total revenue to $206,500 and the NOI to $185,400, at a total cost of $1,901,500, resulting in a cap rate of 9.75%. Alternatively, you could purchase the property and convert the entire project into 11 units. Discover the potential of this rare 1.25-acre parcel, zoned RM (Multi-Family, Medium Density) and located in an unincorporated area. The site may accommodate up to 11 residential units—a prime opportunity for developers or investors seeking a strong growth prospect. Enjoy a strategic location just minutes from I-95, the Florida Turnpike, and a variety of shopping, dining, schools, and employment hubs..

Location

Florida • Lake Worth • 33461 • Multi-family • Recently Sold

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1949
Lot:
1.25 Acres
Heating:
None
Price/sqft:
$675
Cooling:
Electric
HOA:
No Data

Valuation

Recent sales nearby
30 public-records sales within 0.5 mi
Median actual sale: $11.0M
Not enough MLS comparables for a model estimate on this property. Public-records data shown instead.

Highlights

Annual tax
$5,269
2024
All facts and features

  • Flooring

    • Carpet

    Heating

    • None

    Cooling

    • Electric

  • Property

    • Levels: 1

    • Exterior Features: None

    Lot

    • Lot: 1.25 Acres

    Other Property Information

    • Parcel Number: 00434430010170010

    • Zoning: RM

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Connected

    • Sewer Connected

    • Water Connected

    • Cable Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $5,269

  • Source details

    • MLS ID: R11138493

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: 1 To Less Than 2 Acre Lot

    • Living Area: 1008

    • Water Source: Public

    • Subdivision Name: PALM BEACH FARMS CO 7

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33461
236
median $129K
Active
Same city
Lake Worth
635
median $429K
Active
Same type
Multi-family
12
median $799K
Active
Similar price
$475K – $884K
188
median $599K
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KW Reserve Business Brokerage LLC