CAP RATE EASILY 8% OR MORE WITH ONE OF THE FEW REALLY GREAT INVESTMENT OPPORTUNITIES IN LAKE WORTH/PALM SPRINGS! GREAT LOCATION WITH A 3/2 SF HOME AND A 2 STORY DUPLEX WHICH INCLUDES A 2/1 & AN EFFICIENCY ALONG WITH 2 ONE CAR GARAGES AND A HUGE CARPORT! AND THAT'S NOT ALL! THE PROPERTY INCLUDES AN ADJACENT 9500 SQ FT LOT READY TO BUILD ADDITIONAL INCOME UNITS - EVEN MANUFACTURED HOMES! THE SF AND 2/1 ARE LEASED WITH SATISFIED TENANTS. THE EFFICIENCY (ESTIMATED RENT $450) NEEDS WORK BUT COULD BE EXPANDED INTO 1 OF THE 2 GARAGES FOR A SPACIOUS 1/1. ALL TILE OR WOOD FLOORS, MANY NEWER APPLIANCES, AC AND UPDATED KITCHENS AND BATHS. EASY TO SHOW BY APPOINTMENT TO WELL QUALIFIED BUYERS! DO NOT DISTURB THE TENANTS.
Multi-familyProperty Type
1946Year Built
0.44 acresLot Size
$285Est. Price/Sq.Ft.
Listed by Loye Matika• The Keyes Company
Contact: (561) 703-9825
Bought with Marissa Garone• Berkshire Hathaway HomeService
Bought with Edward Tompkins• Berkshire Hathaway HomeService
*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
Permits
Beds
2
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.44 Acres
Year renovated
1975
Sq. Ft.
1,171
Year built
1946
Style
Multi-Family (5+ Unit)
County
Palm Beach County
APN
70434419090000121
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 2, 2026.
RM
Residential Multiple-Family District
It is the purpose of the RM residential multiple-family land development district to provide an emphasis on multiple-family residences, while preserving and protecting the residential character of the village. A clustering of units and a variety of housing design and styles is encouraged in the RM district, while maintaining an appropriate density that will complement the surrounding development in the village. The gross density shall not exceed 5.8 dwelling units per acre for single-family detached dwelling developments. Gross density shall not exceed 19.0 dwelling units per acre for attached multiple-family developments, such as apartments and condominiums, and planned developments.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Jan 14, 2026 • Final
Roof - residential
Reroof a residential building with modified bitumen.
Roofing
Sep 6, 2017 • Final
Munis
Install a new plumbing line from the house to a new water meter.
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Bathroom Information
Bathrooms Total Integer: 4
Interior Features
Flooring: Tile, Wood
Window Features: Double Hung Metal
Multi-Family Financial Information
# of Units Total: 4
Gross Income: $26,400
Net Operating Income: $18,382
Tenant Pays: Cable TV, Electricity, Sewer, Water
Number Of Units In Community: 3
Exterior
Building Information
Building Area Total: 2,415
Building Area Source: Plans
Construction Materials: Frame, Wood Siding, CBS
Exterior Features
Patio And Porch Features: Patio - Covered, Patio
Fencing: Fenced
Roof: Composition
Property Information
Property Sub Type: Triplex
Property Condition: Resale
Living Area: 1,839
Road Frontage Type: Public Road, West of US-1
Lot Information
Lot Size Dimensions: 190' X 100' (.44 ACRE)
Road Surface Type: Paved
Waterfront YN: No
Waterfront Features: None
Financial
Tax Information
Tax Annual Amount: $2,718.16
Tax Assessed Value: 89210
Tax Year: 2013
Parcel Number: 70434419090000121
Utilities
Utility Information
Water Source: Public
Electric: Three Phase
Sewer: Public Sewer
Utilities: Cable Available, Sewer Available, Water Available
Heating & Cooling
Has Heating
Heating: Central, Electric
Has Cooling
Cooling: Central Air, Ceiling Fan(s), Electric
Location
HOA Information
Association Amenities: None
School Information
Elementary School: Palm Springs (Palm Beach)
Middle Or Junior School: L. C. Swain
High School: John I. Leonard
Location Information
Directions: FROM LAKE WORTH RD, NORTH ON DAVIS RD, EAST ON 2ND AVE N, NORTH ON MILLER RD TO PROPERTY
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 1,171
Stories: 1.0
Lot Size: 0.44 acres
Style: Multi-Family (5+ Unit)
Year Built: 1946
Year Renovated: 1975
County: Palm Beach County
APN: 70434419090000121
Home facts updated by county records on Jul 2, 2026
Around this home
Schools
Palm Springs Elementary School
Public PreK-5 • Assigned • 0.7mi
2/10
L C Swain Middle School
Public 6-8 • Assigned • 2.1mi
4/10
John I. Leonard High School
Public PreK-12 • Assigned • 1.6mi
3/10
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, 24 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
Palm Springs, FL • 33461
Average low and high temperatures (°F)
73
59
76
62
79
66
81
72
86
76
88
77
89
77
91
79
88
78
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.