Well-Maintained Duplex with Private
3194 Prince Drive Lake Worth, FL 33461
3194 Prince Drive, Lake Worth, FL, 33461
$570,000
For Sale
$570,000
Duplex with separate meters, dedicated parking, private backyards, and included washer/dryer for each unit.
Property Size1,736 SF
Price / SF$328.34
Days on Market15
Property Features for 3194 Prince Drive
General Information
- Standard status
- Active
- Size
- 1,736 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1964
Listing agency
KW Reserve Palm Beach
(561) 678-5584
Listed by
Loodmy Jacques · License #R11165434
(561) 678-5584
Source
Lehmannflorida
Added: Jul 8 Updated: Jul 21 at 3:04PM Checked: Jul 22 at 5:17AM
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 KW Reserve Palm Beach
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate residences with distinct living layouts. One unit features three bedrooms and two bathrooms, while the second unit has two bedrooms and one bathroom. Each unit includes private backyard space and dedicated parking, and washer/dryer is included for added convenience. Separate water and electric meters support straightforward ownership.
The property has a roof dated 2014 and updated central AC. With two independently metered units and in-unit laundry included, the duplex is set up for comfortable day-to-day use.
From a configuration standpoint, the building provides separate home bases with independent utilities, private outdoor areas, and parking assigned to each unit.
The property has a roof dated 2014 and updated central AC. With two independently metered units and in-unit laundry included, the duplex is set up for comfortable day-to-day use.
From a configuration standpoint, the building provides separate home bases with independent utilities, private outdoor areas, and parking assigned to each unit.
Key Highlights
- Well‑maintained duplex built in 1964 with two units: 3BR/2BA and 2BR/1BA
- Each unit has its own dedicated parking and private backyard space
- Separate water and electric meters for each unit
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 | $43.7k | $25.20 |
| − Vacancy | −$2.4k | −$1.39 |
| EGI | $41.3k | $23.81 |
| − OpEx | −$12.4k | −$7.14 |
| NOI | $28.9k | $16.67 |
1,736 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$413.4K
$361.7K – $482.3K
NOI $28,939 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$381.4K
$333.7K – $445.0K
NOI $26,698 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,581 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with separate meters, dedicated parking, private backyards, and included washer/dryer for each unit.
Where is this duplex located?
The property is located at 3194 Prince Drive Lake Worth, FL.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1964 with two units: 3BR/2BA and 2BR/1BA; Each unit has its own dedicated parking and private backyard space; Separate water and electric meters for each unit
