Duplex Requiring
For Sale
$505,000
Pending
4301 Lakewood Road, Lake Worth, FL 33461
Tenant-occupied multifamily property with RM city zoning and convenient access to shopping, schools, dining, and major roads.
Property Size1,764 SF
Days on Market58
Property Features for 4301 Lakewood Road
General Information
Standard status
Pending
Size
1,764 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
requires updating
Additional Details
Multifamily Units
2
Building Details
Year Built
1973
Listing Agency:
Nest Seekers Florida, LLC
(561) 725-9229
Listed By:
Bruno Rodriguez · License #3326104
(561) 324-1161
Source:
Lehmannflorida
Added: Aug 12
Changed: Oct 7
Last Checked: Oct 7 at 12:33PM
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 Nest Seekers Florida, LLC
Investment Insights
Based on property information with market context.
Built in 1973, this 1,764-square-foot duplex is configured as a multifamily property with tenants currently in place. The building requires updating, providing a clear renovation component for a buyer evaluating the existing improvements and operations.
The property is located at 4301 Lakewood Road in Lake Worth, Florida. Its RM city zoning supports the existing multifamily classification, while the surrounding area provides access to major roads, shopping, schools, and dining.
The property is located at 4301 Lakewood Road in Lake Worth, Florida. Its RM city zoning supports the existing multifamily classification, while the surrounding area provides access to major roads, shopping, schools, and dining.
Key Highlights
- Duplex with 1,764 square feet of building area
- Tenants currently occupy the property
- RM (city) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,406
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,120
$588.1K
Cap Rate 7%
$420,086
$420.1K
Cap Rate 9%
$326,733
$326.7K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$44.5K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$42.0K $23.81/SF
− OpEx
−$12.6K −$7.14/SF
NOI
$29.4K $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%
$588,120
Cap Rate 7%
$420,086
Cap Rate 9%
$326,733
Alternative Uses
Best Use
Multifamily LT 5
$420.1K
$367.6K – $490.1K
NOI $29,406 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$387.6K
$339.1K – $452.2K
NOI $27,129 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,962 @ 7.0% cap · market cap 17.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,179
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied multifamily property with RM city zoning and convenient access to shopping, schools, dining, and major roads.
Where is this duplex located?
The property is located at 4301 Lakewood Road Lake Worth, FL.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: Duplex with 1,764 square feet of building area; Tenants currently occupy the property; RM (city) zoning
