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3088 Prince Drive, Lake Worth FL 33461

Multi-family For Sale
$575,000

BTC: 8.82037122

ETH: 302.21166379

New
0 room(s)
1,800 sqft

Overview

Excellent investment opportunity! Well-maintained duplex featuring two spacious 2-bedroom, 1-bath units plus a den/office in each unit. The den is currently being used as a third bedroom, offering additional flexibility and rental potential. Each unit has its own private washer and dryer, separate electric meter, and remodeled bathroom. Long-term tenants have been in place for over 10 years and would like to remain, providing stable income from day one. Current rents are $2,100/month and $2,000/month, offering immediate cash flow with upside potential. The fully paved backyard eliminates rear lawn maintenance, helping keep operating expenses low. Recent improvements include a new permitted roof (2025), permitted plumbing upgrades (2025), and permitted electrical improvements (2024). Seller updates also include newer A/C systems, newer water heaters, remodeled bathrooms, and private washers and dryers in each unit. This is a turnkey, income-producing property that's ideal for investors seeking strong cash flow with minimal deferred maintenance.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1960
Lot:
No Data
Heating:
Central
Price/sqft:
$319
Cooling:
Ceiling Fan(s) / Central Air / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$575,000
$389K – $1.2M
Confidence Low
List vs. estimate
At estimate
List $575,000 · +0.0%
List is in line with recent comparable activity.
Price per sq ft
$319
-20.2% vs. city median $400
Based on
7 MLS comparables
+ 12 public-records sales within 0.5 mi
Median actual sale: $493K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$7,743
2025
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Floor

    • Tile

    Heating

    • Central

    Cooling

    • Ceiling Fan(s)

    • Central Air

    • Wall/Window Unit(s)

  • Other Property Information

    • Parcel Number: 00434430011270012

    • Zoning: RM

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Connected

    • Cable Available

  • Other financial information

    • Annual tax amount: $7,743

  • Source details

    • MLS ID: B26055335

    Other facts

    • Construction Materials: Concrete Block Construction / Frame / Frame With Stucco

    • Laundry Features: Washer Hookup

    • Lot Features: Fenced

    • Architectural Style: One Story

    • Living Area: 1800

    • Water Source: Public

    • Subdivision Name: Palm Beach Farms Co Place

Private inquiry
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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: The Keyes Company