The current NOI is $53,548 with a 7.65% CAP rate. Build 6 additional units, which will increase the total revenue to $206,500 and the NOI to $185,400, at a total cost of $1,901,500, resulting in a cap rate of 9.75%. Alternatively, you could purchase the property and convert the entire project into 11 units. Discover the potential of this rare 1.25-acre parcel, zoned RM (Multi-Family, Medium Density) and located in an unincorporated area. The site may accommodate up to 11 residential units—a prime opportunity for developers or investors seeking a strong growth prospect. Enjoy a strategic location just minutes from I-95, the Florida Turnpike, and a variety of shopping, dining, schools, and employment hubs..
Multi-familyProperty Type
1949Year Built
1.25 acresLot Size
$708Est. Price/Sq.Ft.
Listed by John Diaz• KW Reserve Business Brokerage LLC
Bought with Laura Gonzalez-Valdez• Partnership Realty Inc.
Discover the potential of this rare 1.25-acre parcel, zoned RM (Multi-Family, Medium Density) and located in an unincorporated area. The site may accommodate up to 11 residential units--a prime opportunity for developers or investors seeking a strong growth prospect. Enjoy a strategic location just minutes from I-95, the Florida Turnpike, and a variety of shopping, dining, schools, and employment hubs. Whether your goal is to build for maximum density or hold for future appreciation, this property offers a versatile foundation for your vision. An existing structure remains on the site, but the true value is in the land and its development potential. Don't miss your chance to secure this exceptional investment opportunity.
Beaches MLS #R11123341
Oct 7, 2025
Listing Removed
—
Sep 12, 2025
Listed
$750,000
$744/sq ft
Beaches MLS #R11123347
Oct 7, 2025
Listing Removed
—
Sep 12, 2025
Listed
$750,000
$744/sq ft
Beaches MLS #R10111106
May 14, 2015
Sold
$150,000
$149/sq ft
Mar 12, 2015
Price Changed
$159,000
$158/sq ft
Feb 26, 2015
Price Changed
$180,000
$179/sq ft
Feb 16, 2015
Price Changed
$199,000
$197/sq ft
Feb 12, 2015
Listed
$155,000
$154/sq ft
Public Records
Oct 22, 1999
Sold
$92,000
$91/sq ft
Beaches MLS #R4725956
Dec 15, 1998
Listing Removed
—
Dec 15, 1997
Listed
$96,000
$95/sq ft
Public Records
Oct 17, 1997
Sold
$81,000
$80/sq ft
Public Records
Oct 2, 1995
Sold
$47,000
$47/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,850 (+11.0%)
2024
$5,270 (+7.3%)
2023
$4,910 (+7.6%)
2022
$4,564 (+11.9%)
2021
$4,080 (−0.4%)
$187,500 + $13,295
$200,795
2020
$4,096 (−1.2%)
$187,500 + $13,310
$200,810
2019
$4,145 (+3.8%)
$187,500 + $13,310
$200,810
2018
$3,995 (+14.2%)
2017
$3,499 (+9.1%)
2016
$3,207 (+100.1%)
$85,050 + $68,589
$153,639
2015
$1,603 (+39.0%)
2014
$1,153 (+9.2%)
2013
$1,056 (−6.9%)
2012
$1,134 (−23.2%)
2011
$1,476
Tax history for 4138 Kirk Rd
Year
Property tax
Land + Additions
Assessment*
2025
$5,850 (+11.0%)
2024
$5,270 (+7.3%)
2023
$4,910 (+7.6%)
2022
$4,564 (+11.9%)
2021
$4,080 (−0.4%)
$187,500 + $13,295
$200,795
2020
$4,096 (−1.2%)
$187,500 + $13,310
$200,810
2019
$4,145 (+3.8%)
$187,500 + $13,310
$200,810
2018
$3,995 (+14.2%)
2017
$3,499 (+9.1%)
2016
$3,207 (+100.1%)
$85,050 + $68,589
$153,639
2015
$1,603 (+39.0%)
2014
$1,153 (+9.2%)
2013
$1,056 (−6.9%)
2012
$1,134 (−23.2%)
2011
$1,476
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
1
Baths
1
Stories
1
Lot width
177 ft.
Lot depth
—
Lot size
1.25 Acres
Year renovated
1964
Sq. Ft.
1,008
Year built
1949
Style
Single Family Residential
County
Palm Beach County
APN
00434430010170010
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 28, 2026.
RM
Multifamily Residential District
The RM district is intended primarily for the development of multiple family dwelling units.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Other
Property details
Interior
Virtual Tour Information
Bathroom Information
Bathrooms Total Integer: 2
Interior Features
Flooring: Carpet
Exterior
Building Information
Building Area Total: 1,602
Building Area Source: Public Records
Construction Materials: CBS
Exterior Features
Roof: Composition
Property Information
Property Sub Type: Duplex
Property Condition: Resale
Living Area: 1,008
Lot Information
Waterfront YN: No
Waterfront Features: None
Financial
Tax Information
Tax Annual Amount: $5,269.83
Tax Year: 2024
Parcel Number: 00434430010170010
Utilities
Utility Information
Water Source: Public
Electric: Three Phase
Sewer: Public Sewer
Utilities: Cable Available, Sewer Available, Water Available
Heating & Cooling
Has Cooling
Cooling: Electric
Location
Multi-Family Financial Information
# of Units Total: 2
Gross Income: $62,400
Net Operating Income: $53,548
Tenant Pays: Cable TV, Electricity, Gas, Water
HOA Information
Association Amenities: None
School Information
Elementary School: Palm Springs (Palm Beach)
Middle Or Junior School: Lake Worth
High School: Lake Worth
Location Information
Directions: PALM BEACH FARMS CO PL 7 LT A (LESS N 15 FT L-12 CNL R/W) & N 56.86 FT OF LT B BLK 17
Public facts
Beds: 1
Baths: 1.0
Sq. Ft.: 1,008
Stories: 1.0
Lot Size: 1.25 acres
Style: Single Family Residential
Year Built: 1949
Year Renovated: 1964
County: Palm Beach County
APN: 00434430010170010
Home facts updated by county records on Sep 28, 2026
Around this home
Schools
Palm Springs Elementary School
Public PreK-5 • Assigned • 1.1mi
2/10
Lake Worth Community Middle School
Public 6-8 • Assigned • 2.4mi
3/10
Lake Worth High School
Public PreK-12 • Assigned • 2.4mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 105° expected this year, 26 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Lake Worth Beach, FL • 33461
Average low and high temperatures (°F)
73
59
76
62
79
66
81
72
86
76
88
77
90
78
91
78
87
76
84
75
80
68
77
65
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 6.8 hours in December, placing it above the
U.S. average for solar exposure.
9.2 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$679,000 – $822,000
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