3-Unit Residential
New
For Sale
$799,900
4363 LAKEWOOD Road #A, Lake Worth, FL 33461
All three units are leased, with two on fixed-term agreements and one occupied month to month.
Property Size2,520 SF
Price / SF$317.42
Days on Market6
Property Features for 4363 LAKEWOOD Road #A
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Triplex
Occupancy
100%
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Building Details
Year Built
1976
Listing Agency:
Atlantic Florida Properties In
(561) 713-1141
Listed By:
Joseph A DeFalco · License #3205517
(561) 352-6759
Source:
Lehmannflorida
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 30 at 3:40PM
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 Atlantic Florida Properties In
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Investment Insights
Based on property information with market context.
This 2,520-square-foot triplex contains three units and was built in 1976. All three units are currently occupied: two have fixed-term leases, while the third is leased month to month. The property is zoned RM.
Key Highlights
- Three‑unit residential property
- 2,520 square feet
- Built in 1976
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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Property Analytics
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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 - All three units are leased, with two on fixed-term agreements and one occupied month to month.
Where is this triplex located?
The property is located at 4363 LAKEWOOD Road #A 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‑unit residential property; 2,520 square feet; Built in 1976
