Duplex With Private
3194 Prince Drive Lake Worth, FL 33461
3194 Prince Drive, Lake Worth, FL, 33461
$570,000
For Sale
$570,000
MULTI_FAMILY - Lake Worth Beach, FL
Property Size1,736 SF
Lot Size0.18 Acres
Price / SF$328.34
Days on Market11
Property Features for 3194 Prince Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM
- Bedrooms
- 5
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3
- Window features
- Blinds
- Patio and Porch features
- Patio
- Pets allowed
- No, Yes
- Exterior features
- Storage
- Fencing
- Fenced, Gate
- Standard status
- Active
- APN
- 00434430011250013
- Size
- 1,736 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PALM BEACH FARMS CO PL NO 7 E 1/4 OF LT A (LESS N 26 FT RD R/W) BLK 125
- Tax Annual Amount
- 7313
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer, Septic Tank
- Heating system
- Central
- Cooling system
- Central Air, Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1964
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- CBS, Stucco
- Roof type
- Shingle
- Additional Structures
- Storage
Listing Agency
KW Reserve Palm Beach
(561) 966-4000
2041 Vista Parkway Ste. 201, West Palm Beach, FL
Listed by
Loodmy Jacques · License #3222697
(561) 678-5584
Added: Jul 8 Checked: Jul 18 at 9:06 am
MLS# B26050026
Listing URL
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex includes two separate residential units: one 3-bedroom, 2-bath layout and one 2-bedroom, 1-bath layout. Both units have private backyard space and dedicated parking. The property is set up with separate water and electric meters, and a washer and dryer is included.
The home is located in Lake Worth Beach, Florida in Palm Beach County. The listed zoning is RM. The roof was installed in 2014, and central AC has been updated.
With separate utilities and dedicated parking for each unit, the configuration supports independent day-to-day living arrangements.
The home is located in Lake Worth Beach, Florida in Palm Beach County. The listed zoning is RM. The roof was installed in 2014, and central AC has been updated.
With separate utilities and dedicated parking for each unit, the configuration supports independent day-to-day living arrangements.
Key Highlights
- Duplex with a 3BR/2BA unit and a 2BR/1BA unit, each with private backyard space and dedicated parking
- Separate water and electric meters for each unit
- Roof shingle roof, with roof replaced in 2014
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.7k | $25.20 |
| − Vacancy | −$2.4k | −$1.39 |
| EGI | $41.3k | $23.81 |
| − OpEx | −$12.4k | −$7.14 |
| NOI | $28.9k | $16.67 |
1,736 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$413.4K
$361.7K – $482.3K
NOI $28,939 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$381.4K
$333.7K – $445.0K
NOI $26,698 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,581 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex offers two separate units, each with private backyard space and dedicated parking.
Where is this duplex located?
The property is located at 3194 Prince Drive Lake Worth, FL.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Duplex with a 3BR/2BA unit and a 2BR/1BA unit, each with private backyard space and dedicated parking; Separate water and electric meters for each unit; Roof shingle roof, with roof replaced in 2014
