Pending

Price cut: $10K (12/17)

$690,000

4138 Kirk Road, Lake Worth, FL 33461

3beds

1,008sqft

Est.:

Duplex

Built in 1949

-- sqft lot

$657,500 Zestimate^®

$685/sqft

$-- HOA

What's special

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..

80 days

179

4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

None

Cooling

Electric, A/C Unit

Features

Flooring: Carpet

Interior area

Total structure area: 1,602
Total interior livable area: 1,008 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 2
Parking features: Space Parking
Carport spaces: 2

Features

Stories: 1
Exterior features: None
Waterfront features: None

Lot

Size: 1.25 Acres
Features: 1 to < 2 Acres

Details

Parcel number: 00434430010170010
Zoning: RM

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex
Attached to another structure: Yes

Materials

CBS
Roof: Comp Shingle

Condition

Resale
New construction: No
Year built: 1949

Utilities & green energy

Electric: Separate Electrical Meters
Sewer: Public Sewer
Water: Public, Separate Water Meters
Utilities for property: Cable Connected, Electricity Connected

Community & HOA

Community

Features: None
Subdivision: Palm Beach Farms Co 7

Location

Region: Lake Worth

Financial & listing details

Price per square foot: $685/sqft
Tax assessed value: $307,932
Annual tax amount: $5,269
Date on market: 11/6/2025
Listing terms: Cash,Conventional,FHA
Tenant pays: Cable TV, Electricity, Gas, Water
Electric utility on property: Yes

Estimated market value

$657,500

$625,000 - $690,000

$1,748/mo

Price history

Date	Event	Price
1/8/2026	Pending sale	$690,000$685/sqft
Source: BeachesMLS #RX-11138493 Report a problem
12/17/2025	Price change	$690,000-1.4%$685/sqft
Source: BeachesMLS #RX-11138493 Report a problem
10/31/2025	Listed for sale	$700,000-6.7%$694/sqft
Source: BeachesMLS #RX-11136827 Report a problem
10/7/2025	Listing removed	$750,000$744/sqft
Source: BeachesMLS #RX-11123347 Report a problem
9/12/2025	Listed for sale	$750,000+400%$744/sqft
Source: BeachesMLS #RX-11123341 Report a problem