Multifamily Apartment
3141 S Military Trail, Lake Worth, FL 33463
For Sale
$2,350,000
Commercial Sale, Lake Worth, FL
Property Size8,320 SF
Lot Size0.75 Acres
Price / SF$282.45
Days on Market185
Property Features for 3141 S Military Trail
General Information
Property type
Property subtype
Zoning
Parking
Subdivision
Special listing conditions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Partnership Realty Inc.
(561) 355-0270
Listed By:
Alex F Cozzi PA · License #684305
(561) 317-2042
Added: May 7
Changed: Nov 6
Last Checked: Nov 7 at 9:06AM
MLS# B26025496
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.
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Investment Insights
Based on property information with market context.
This for-sale multifamily apartment building features a total building size of 8,320 square feet on a 0.75-acre lot. The property is categorized as other apartment buildings, multifamily properties, and residential income properties, indicating an income-oriented use.
Located at 3141 S Military Trail in Lake Worth, Florida 33463, the site is listed with UI zoning and sits in Palm Beach County.
Located at 3141 S Military Trail in Lake Worth, Florida 33463, the site is listed with UI zoning and sits in Palm Beach County.
Key Highlights
- Built in 1983
- Construction materials include CBS and concrete
- Central air with electric cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,956
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,559,120
$2.6M
Cap Rate 7%
$1,827,943
$1.8M
Cap Rate 9%
$1,421,733
$1.4M
Market Conditions
NOI Build-Up for 8,320 SF
Gross rent
$243.6K $29.28/SF
− Vacancy
−$11.0K −$1.32/SF
EGI
$232.6K $27.96/SF
− OpEx
−$104.7K −$12.58/SF
NOI
$128.0K $15.38/SF
Area
Palm Beach County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,559,120
Cap Rate 7%
$1,827,943
Cap Rate 9%
$1,421,733
Alternative Uses
Best Use
Apartment 5plus
$1.83M
$1.60M – $2.13M
NOI $127,956 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.86M
$5.13M – $6.84M
NOI $410,159 @ 7.0% cap · market cap 17.45%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
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Business Placement
Demographics for 33463, FL
64,608
Population
22,696
Households
2.8
Avg Household Size
37
Median Age
25%
College-Educated
82%
High-School Grad
10.8 sq mi
ZIP Area
5,982
Density / Sq Mi
$68,697
Median Household Income
$34,846
Median Earnings
$1,721
Median Rent
$326,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Palm Beach County, FL
Properties on Market for Apartment buildings in Palm Beach County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - For sale multifamily apartment building on a 0.75-acre lot with 8,320 square feet and UI zoning.
Where is this apartment building located?
The property is located at 3141 S Military Trail Lake Worth, FL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Built in 1983; Construction materials include CBS and concrete; Central air with electric cooling
