Zoned RM Multifamily
For Sale
$730,000
4475 Kirk Road, Lake Worth, FL 33461
Other - Lake Worth, FL
Property Size1,313 SF
Lot Size0.88 Acres
Price / SF$555.98
Days on Market128
Property Features for 4475 Kirk Road
General Information
Property type
Other
Property subtype
Duplex
Parking
10
Exterior features
Storage
Subdivision
4475 Kirk Road
Standard status
Active
APN
00424425000001630
Size
1,313 SF
Lot size
0.88 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water front features
Canal Access|Canal Front
Building Details
Year built
1958
Floors in Building
1
Flooring type
Other
Roof type
Other
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Engel & Völkers Wellington
(561) 791-2220
Listed By:
Wilky Ray Garcia · License #3345962
(561) 310-5802
Added: Jun 12
Changed: Jul 15
Last Checked: Oct 17 at 11:06PM
MLS# B26006203
Copyright © 2026 Engel & Völkers. 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 multifamily duplex is offered as-is and positioned for flexible ownership. The property is located in a no-HOA setting and features a generous amount of space for parking. According to the listing, it is zoned RM—MULTI-FAMILY, with the ability to expand the property.
The property is located at 4475 Kirk Road in Lake Worth, Florida. The listing notes the home is minutes from restaurants, I-95, and shopping. Access is by appointment only, and the property is described as private.
For buyers seeking a multifamily asset with RM zoning and room to expand, this offering combines existing parking space with an as-is starting point in a no-HOA environment.
The property is located at 4475 Kirk Road in Lake Worth, Florida. The listing notes the home is minutes from restaurants, I-95, and shopping. Access is by appointment only, and the property is described as private.
For buyers seeking a multifamily asset with RM zoning and room to expand, this offering combines existing parking space with an as-is starting point in a no-HOA environment.
Key Highlights
- Canal‑access, canal‑front multifamily property with waterfront features listed as Canal Access/Canal Front
- Zoned RM—multi‑family and includes the ability to expand per listing remarks
- No HOA location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,887
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,740
$437.7K
Cap Rate 7%
$312,671
$312.7K
Cap Rate 9%
$243,189
$243.2K
Market Conditions
NOI Build-Up for 1,313 SF
Gross rent
$33.1K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$31.3K $23.81/SF
− OpEx
−$9.4K −$7.14/SF
NOI
$21.9K $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%
$437,740
Cap Rate 7%
$312,671
Cap Rate 9%
$243,189
Alternative Uses
Best Use
Multifamily LT 5
$312.7K
$273.6K – $364.8K
NOI $21,887 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$288.5K
$252.4K – $336.6K
NOI $20,193 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$924.7K
$809.1K – $1.08M
NOI $64,728 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
807
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Multifamily duplex with RM zoning and on-site parking, offered as-is in a no-HOA setting.
Where is this duplex located?
The property is located at 4475 Kirk Road Lake Worth, FL.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Canal‑access, canal‑front multifamily property with waterfront features listed as Canal Access/Canal Front; Zoned RM—multi‑family and includes the ability to expand per listing remarks; No HOA location
