4138 Kirk Road, Lake Worth, FL 33461 - Photo 1

1/1

$680,000

Sold
Closed
Duplex
1,008 Sq. Ft.

1/1

Property Description

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..

Full Property Details

Full Property Details for 4138 Kirk Rd

General

Sold For: $680,000
Taxes: $5,269 (2024)
Status: Closed
Type: Duplex
Source: Regional
MLS ID: R11138493
Added to Site: 28 day(s) ago

Interior

Flooring: Carpet

Additional Information

Shared Amenities: None

Exterior

Exterior Features: None

Location

County: Palm Beach
Subdivision: PALM BEACH FARMS CO 7
Driving 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

Community

Community Name: 5700

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Electric
Heating Type: None

Utilities

Sewer: Public Sewer
Water: Multiple Meters, Public
Cable Available: Yes
Utility Description: Cable Available, Sewer Available, Water Available

Structural Information

Construction: Block
Roof: Composition
Stories/Levels: 1
Building Size: 1602
Square Feet: 1,008
Living Area: 1,008 Sq. Ft.
Year Built: 1949
Property Condition: Resale

Lot Features

Lot Size (Acres): 1.25
Lot Size (Sq. Ft.): 54,450
Lot Features: 1-2 Acres
Zoning: RM

Water Features

Water Front View: None

Financial Considerations

Tax Amount: $5,269.83
Tax Year: 2024
Terms: Cash, Conventional, FHA
Tenant Pays: Cable TV, Electricity, Gas, Water

Disclosures and Reports

Legal Description: 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
Property ID: 434430010170010

Listed by KW Reserve Business Brokerage LLC
Sold by Partnership Realty Inc.

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— 4138 Kirk Rd —

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Schools

Schools serving 4138 Kirk Rd

School District:Palm Beach County School District

Name	Grades	Distance
Palm Springs Elementary School, Palm Springs, FL 101 Davis Road, Palm Springs, FL 33461	PK-5	1.1 mi
Lake Worth High School 1701 Lake Worth Rd, Lake Worth Beach, FL 33460	9-12	2.4 mi
Lake Worth Community Middle School 1300 Barnett Dr, Lake Worth Beach, FL 33461	6-8	2.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4138 Kirk Rd

Date

Details

Price

Change

Source

2/06/2026

Sold

$680,000

-1.45%

MLS

12/17/2025

Price Reduced

$690,000

-1.43%

MLS

11/03/2025

Listed

$700,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4138 Kirk Rd, Lake Worth, FL 33461 - Photo 1

Sold

$680,000