Quadplex Income Property with
4537 Coconut Road Lake Worth, FL 33461
For Sale
$1,700,000
MULTI_FAMILY - Lake Worth, FL
Property Size3,920 SF
Lot Size0.80 Acres
Price / SF$433.67
Days on Market58
Property Features for 4537 Coconut Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM
Bedrooms
8
Rooms
Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 8, Bathroom 1
Patio and Porch features
Patio
Pets allowed
Yes, No
Pool private
1
Exterior features
Courtyard
Standard status
Active
APN
00434430010750010
Size
3,920 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PALM BEACH FARMS CO PL 7 LT B (LESS NLY 26.14 FT) BLK 75
Tax Annual Amount
13716
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
Concrete Block - With Stucco
Roof type
Composition
Listing Agency:
Three Palms Realty
(561) 316-8711
Listed By:
Sandro Marcel Herrera · License #3285502
(561) 316-9691
Added: May 31
Changed: Jul 24
Last Checked: Jul 27 at 11:06AM
MLS# B26035010
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 quadplex income property is situated on an oversized nearly 0.80-acre lot and offers a practical unit configuration that includes an additional “spare or flex” room in every unit. The property also features an existing buried swimming pool, which may be restored and brought back to life.
The site is zoned RM and is located at 4537 Coconut Road in Lake Worth, Palm Beach County. The public remarks note convenience to I-95, Palm Beach International Airport, downtown Lake Worth Beach, and major employment centers, with nearby access to beaches and local recreation.
At 0.8 acres and approximately 3,920 square feet, the parcel provides room for expansion, additional units, or redevelopment opportunities, subject to applicable approvals.
The site is zoned RM and is located at 4537 Coconut Road in Lake Worth, Palm Beach County. The public remarks note convenience to I-95, Palm Beach International Airport, downtown Lake Worth Beach, and major employment centers, with nearby access to beaches and local recreation.
At 0.8 acres and approximately 3,920 square feet, the parcel provides room for expansion, additional units, or redevelopment opportunities, subject to applicable approvals.
Key Highlights
- Nearly 0.80‑acre lot with a courtyard exterior and patio
- 1979 construction with concrete block stucco exterior and a composition roof
- Central heating and central air conditioning
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 | $98.8k | $25.20 |
| − Vacancy | −$5.4k | −$1.39 |
| EGI | $93.4k | $23.81 |
| − OpEx | −$28.0k | −$7.14 |
| NOI | $65.3k | $16.67 |
3,920 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$933.5K
$816.8K – $1.09M
NOI $65,346 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$861.2K
$753.6K – $1.00M
NOI $60,287 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$2.76M
$2.42M – $3.22M
NOI $193,248 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex on a nearly 0.80-acre lot in RM zoning, with spare or flex rooms in each unit and a buried pool.
Where is this quadplex located?
The property is located at 4537 Coconut Road Lake Worth, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Nearly 0.80‑acre lot with a courtyard exterior and patio; 1979 construction with concrete block stucco exterior and a composition roof; Central heating and central air conditioning
