For Sale
$1,600,000
4537 Coconut Road, Lake Worth, FL 33461
Residential Income, Lake Worth, FL
Property Size3,920 SF
Lot Size0.80 Acres
Price / SF$408.16
Days on Market131
Property Features for 4537 Coconut Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RM
Bedrooms
8
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 1, Bedroom 7, Bedroom 5, Bathroom 1, Bedroom 8, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 2
Patio and Porch features
Patio
Pets allowed
Yes, No
Pool private
1
Exterior features
Courtyard
Subdivision
PALM BEACH FARMS CO 7
Lot features
Oversized Lot, Room for Pool, Sidewalks
Elementary school
Starlight Cove
Middle school
Tradewinds
High school
Lake Worth
Directions
I95 TO 6TH AVE - WEST TO COCONUT - NORTH ON COCONUT TO 4537
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
Legal Description
PALM BEACH FARMS CO PL 7 LT B (LESS NLY 26.14 FT) BLK 75
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: Oct 5
Last Checked: Oct 8 at 12:06AM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,346
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,306,920
$1.3M
Cap Rate 7%
$933,514
$933.5K
Cap Rate 9%
$726,067
$726.1K
Market Conditions
NOI Build-Up for 3,920 SF
Gross rent
$98.8K $25.20/SF
− Vacancy
−$5.4K −$1.39/SF
EGI
$93.4K $23.81/SF
− OpEx
−$28.0K −$7.14/SF
NOI
$65.3K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,306,920
Cap Rate 7%
$933,514
Cap Rate 9%
$726,067
Alternative Uses
Best Use
Multifamily LT 5
$933.5K
$816.8K – $1.09M
NOI $65,346 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$861.2K
$753.6K – $1.00M
NOI $60,287 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$2.76M
$2.42M – $3.22M
NOI $193,248 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Explore this area
Business Placement
Demographics for 33461, FL
47,161
Population
18,095
Households
2.6
Avg Household Size
36
Median Age
17%
College-Educated
75%
High-School Grad
7.1 sq mi
ZIP Area
6,642
Density / Sq Mi
$61,218
Median Household Income
$31,503
Median Earnings
$1,615
Median Rent
$263,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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 $1,600,000.
