Triplex Residential Income Property

4820 Kirk Road Lake Worth, FL 33461

Claim this Listing
New
For Sale
$698,000

MULTI_FAMILY - Lake Worth Beach, FL

Property size:
2,716 SF
Lot size:
0.32 Acres
Price / SF:
$256/SF
Added:
Jul 8, 2026
Days on Market:
4
Last Refresh:
Jul 11 at 2:06 pm

Property Features for 4820 Kirk Road

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
5
Rooms
Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1
Pets allowed
No, Yes
Fencing
Chain Link
Standard status
Active
APN
00434430011120031
Size
2,716 SF
Lot size
0.32 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
PALM BEACH FARMS CO PL NO 7 W 1/2 OF LT C (LESS N 15~ S 20 FT & W 15 FT RD R/WS) BLK 112
Tax Annual Amount
8687

Utilities

Utilities
Water Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public

Building Details

Year built
1989
Floors in Building
1
Number of units
4
Flooring type
Tile - Ceramic
Building materials
CBS
Roof type
Shingle

Listing agent Ligia B Hernandez License #372820

Listing office LAER Realty Partners Bowen/Wellington 12769 Forest Hill Blvd No. 1A, Wellington, FL

Listing date Jul 8, 2026

MLS# B26050053 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 CBS triplex features a brand-new roof and city water service. The property currently has tenants who have been in place for many years, with no written leases provided and occupancy described as month-to-month. A nice back yard is included.

The property is zoned RM. Pet policies are noted as subject to the new owner’s decision.

Key Highlights

  • CBS triplex built in 1989 with central heat and central air
  • City water available; public water service with septic tank for sewer
  • Shingle roof; roof is reported as brand new in the remarks

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 $68.4k $25.20
− Vacancy −$3.8k −$1.39
EGI $64.7k $23.81
− OpEx −$19.4k −$7.14
NOI $45.3k $16.67
2,716 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$646.8K
$565.9K – $754.6K (±1% cap)
NOI $45,275 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$596.7K
$522.1K – $696.2K (±1% cap)
NOI $41,770 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M (±1% cap)
NOI $133,893 @ 7.0% cap · market cap 19.18%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Real Estate Agency Law Firm (Bike/Boat/Book/etc) Store Daycare Center Accounting Firm (Bike/Boat/Book/etc) Store Electrical Service Home Appliance Store Veterinary Clinic Catering Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - CBS triplex with a brand-new roof, city water, and month-to-month tenants, plus a private back yard.
Where is this quadplex located?
The property is located at 4820 Kirk Road Lake Worth, FL.
What is the asking price?
The asking price for this property is $698,000.
What are key features of this property?
This property features: CBS triplex built in 1989 with central heat and central air; City water available; public water service with septic tank for sewer; Shingle roof; roof is reported as brand new in the remarks
Contact an agent
More about this property
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