Multifamily in Lake Worth, FL 334614138 Kirk Rd
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Closed
1,008
SqFtStatus
Sold - Feb 06, 2026
Size
1,008 SqFt (94 m2)
Price
$675/SqFt ($7,261/m2)
Type
Multifamily
Built
1949
MLS Number
R11138493
On Site
312 Days
Updated
3 Days ago
Page Views
0
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..
Features
Bedrooms
Bathrooms
Exterior and Lot Features
- Exterior Features: None
Interior, Heating and Cooling
- Heating Description: None
- Cooling Description: Electric
Building and Construction
- Floor Description: Carpet
- Year Built: 1949
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
- Elementary School: Palm Springs (Palm Beach)
- Middle School: Lake Worth
- Senior High School: Lake Worth
Other Property Info
- Listing Date: 2025-11-06T12:09:43.000-00:00
Taxes, Fees & More
- Taxes: 5269.83
- Total Units in Building: 2
Apples-to-Apples Comparables
Price History
Current
$680K
High
$700K
Low
$680K
Total Change
-2.9%Date
Event
Price
Change
Price Per
02/06/2026
Sold
$680K
0%$675 ft2
$7,261 m2
02/09/2026
Price Reduced
$680K
-1.45%$675 ft2
$7,261 m2
12/16/2025
Price Reduced
$690K
-1.43%$685 ft2
$7,368 m2
11/12/2025
Listed
$700K
$694 ft2
$7,475 m2
02/06/2026
$680K
Event
Sold
Change
0%Price Per
$675 ft2
$7,261 m2
02/09/2026
$680K
Event
Price Reduced
Change
-1.45%Price Per
$675 ft2
$7,261 m2
12/16/2025
$690K
Event
Price Reduced
Change
-1.43%Price Per
$685 ft2
$7,368 m2
11/12/2025
$700K
Event
Listed
Price Per
$694 ft2
$7,475 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by John Diaz • KW Reserve Business Brokerage LLC • Buyer Agency Compensation .
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