3-Unit Residential
New
For Sale
$799,900
4363 LAKEWOOD Road, Lake Worth, FL 33461
Residential Income, Lake Worth, FL
Property Size2,520 SF
Lot Size0.40 Acres
Price / SF$317.42
Days on Market2
Property Features for 4363 LAKEWOOD Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM
Bedrooms
6
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 5
Pets allowed
No, Yes
Subdivision
Acreage & Unrec
Elementary school
Clifford O. Taylor / Kirklane
Middle school
L. C. Swain
High school
John I. Leonard
Standard status
Active
APN
70424424000005360
Size
2,520 SF
Lot size
0.40 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
24-44-42~ S 100.5 FT OF N 125.5 FT OF W 165 FT OF W 1/2 OF NE 1/4 OF SW 1/4 OF SE 1/4
Tax Annual Amount
8469
Legal Description
24-44-42~ S 100.5 FT OF N 125.5 FT OF W 165 FT OF W 1/2 OF NE 1/4 OF SW 1/4 OF SE 1/4
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Floors in Building
1
Number of units
3
Flooring type
Vinyl, Tile - Ceramic
Building materials
Block, CBS
Roof type
Tar/Gravel
Listing Agency:
Atlantic Florida Properties In
(561) 713-1141
Listed By:
Joseph A DeFalco · License #3205517
(561) 352-6759
Added: Oct 26
Last Checked: Oct 27 at 2:06AM
MLS# B26092751
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 2,520-square-foot triplex contains three units with six bedrooms and three bathrooms in total. Built in 1976, the property has block construction, ceramic tile and vinyl flooring, and central heating and air conditioning. The 0.4-acre site is zoned RM.
Water is available, with public water service and a septic tank. The roof is tar and gravel.
Water is available, with public water service and a septic tank. The roof is tar and gravel.
Key Highlights
- Three units are currently rented
- 2,520 square feet with six bedrooms and three bathrooms
- 0.4‑acre parcel zoned RM
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,008
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,160
$840.2K
Cap Rate 7%
$600,114
$600.1K
Cap Rate 9%
$466,756
$466.8K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$63.5K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$60.0K $23.81/SF
− OpEx
−$18.0K −$7.14/SF
NOI
$42.0K $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%
$840,160
Cap Rate 7%
$600,114
Cap Rate 9%
$466,756
Alternative Uses
Best Use
Multifamily LT 5
$600.1K
$525.1K – $700.1K
NOI $42,008 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$553.7K
$484.5K – $645.9K
NOI $38,756 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,231 @ 7.0% cap · market cap 15.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,005
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied residences offer a multi-unit configuration with central heating and air conditioning.
Where is this triplex located?
The property is located at 4363 LAKEWOOD Road Lake Worth, FL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Three units are currently rented; 2,520 square feet with six bedrooms and three bathrooms; 0.4‑acre parcel zoned RM
