Duplex Residential Income
For Sale
$530,000
3088 Prince Drive, Lake Worth, FL 33461
Duplex residential income property offered for sale at 3088 Prince Drive in Lake Worth.
Property Size1,800 SF
Price / SF$294.44
Days on Market107
Property Features for 3088 Prince Drive
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Duplex
Building Details
Year Built
1960
Listing Agency:
The Keyes Company
(561) 220-0550
Listed By:
Michael J Johnston · License #3342965
(561) 577-0398
Source:
Lehmannflorida
Added: Jul 22
Changed: Nov 5
Last Checked: Nov 4 at 4:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Keyes Company
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Investment Insights
Based on property information with market context.
This duplex residential income property offers two separate units under one ownership structure, making it well suited for investors seeking a multi-unit setup. The property is listed for sale with a total size of 1,800 square feet.
The duplex is located at 3088 Prince Drive in Lake Worth, Florida (33461). For buyers and brokers, it provides a straightforward residential-income configuration with a compact, manageable footprint.
Because specific unit layouts, updates, or additional building details were not provided, interested parties should confirm interior features and current condition during due diligence.
The duplex is located at 3088 Prince Drive in Lake Worth, Florida (33461). For buyers and brokers, it provides a straightforward residential-income configuration with a compact, manageable footprint.
Because specific unit layouts, updates, or additional building details were not provided, interested parties should confirm interior features and current condition during due diligence.
Key Highlights
- Duplex residential income property for sale at 3088 Prince Drive, Lake Worth
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,006
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,120
$600.1K
Cap Rate 7%
$428,657
$428.7K
Cap Rate 9%
$333,400
$333.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$45.4K $25.20/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$42.9K $23.81/SF
− OpEx
−$12.9K −$7.14/SF
NOI
$30.0K $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%
$600,120
Cap Rate 7%
$428,657
Cap Rate 9%
$333,400
Alternative Uses
Best Use
Multifamily LT 5
$428.7K
$375.1K – $500.1K
NOI $30,006 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$395.5K
$346.0K – $461.4K
NOI $27,683 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,736 @ 7.0% cap · market cap 16.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,023
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex residential income property offered for sale at 3088 Prince Drive in Lake Worth.
Where is this duplex located?
The property is located at 3088 Prince Drive Lake Worth, FL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Duplex residential income property for sale at 3088 Prince Drive, Lake Worth; Built in 1960
