4138 Kirk Rd

$690,000
Price
Beds
Baths
1,008 Sq. Ft.
$685 / Sq. Ft.
1,008
Sq. Ft.
$685
per Sq. Ft.

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...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..
  1. Listed by John A Diaz • KW Reserve Business Brokerage LLC

Property Details for 4138 Kirk Road

Subdivision
PALM BEACH FARMS CO 7
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water
LISTING UPDATED: 12/17/2025 09:15 AM

Property Details for 4138 Kirk Road

StatusActive
MLS #RX-11138493
Days on Market50
Taxes$5,270 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1949
Lot Size1.25 AC / 54,450 SF
CountyPalm Beach County

Location

Listing Courtesy of KW Reserve Business Brokerage LLC
Add your commute

Building Information for 4138 Kirk Road

Stories1Residences-Year Built1949Building Size-Lot Size1.25 AC / 54,450 SF

Payment Calculator

$3,849 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,410

Property Taxes

$439

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4138 Kirk Road

Summary
Location and General Information
  • Property Condition: Resale
  • 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
  • Elementary School: Palm Springs Elementary School
  • Middle School: Lake Worth Community Middle
  • High School: Lake Worth High School
  • Geo Area: Palm Beach 5670; 5680; 5700; 5710
  • Street Number: 4138
  • Subdivision Complex Bldg: PALM BEACH FARMS CO 7
  • Municipal Code: Lake Worth
  • State: FL
  • City Postal ID: 33461
  • MLS Area: 5700
  • MLS Sub Area: PB17
Parking
  • Carport Spaces: 2
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2024
Property
Lot Information
  • Area: 5700
  • HOA Amenities: None
  • Lot Description: 1 to < 2 Acres
  • Parcel ID: 00434430010170010
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 1,602
  • Square Ft Source: Tax Rolls
  • Zoning: RM
Property and Assessments
  • Legal Desc: 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
  • Sq Ft Liv Area: 1008.0
  • 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
Utilities
  • Utilities: Cable, Electric, Water Available
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction
  • Exterior Features: None
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: None
  • Gated Community YN: No
Interior Features
  • Roof: Comp Shingle
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Electric
  • Flooring: Carpet
  • Heating: No Heat
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $53,548.00
  • Income & Expenses: Annual Total Expense: $8,852.00
  • Income & Expenses: Gross Operating Inc: $62,400.00
  • Tenant Pays: Cable, Electric, Gas, Water
Unit 1
  • Unit 1 Desc: A/C Unit
  • Unit 1 Info: Bedrooms: 2
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 3,200
  • Unit 1 Info: SqFt: 1602.0
  • Unit 1 Parking: Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit
  • Unit 2 Info: Bedrooms: 1
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $2,000
  • Unit 2 Info: SqFt: 1008.0
  • Unit 2 Parking: Space Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 4138 Kirk Road

DateEvent & SourcePriceAppreciation
Dec 17, 2025

Price Change

RAPB #RX-11136827

$690,000
Dec 17, 2025

Price Change

RAPB #RX-11138493

$690,000
Nov 6, 2025

Listed (Active)

RAPB #RX-11138487

$3,671,500
Nov 3, 2025

Listed (Active)

RAPB #RX-11138493

$700,000
Oct 31, 2025

Listed (Active)

RAPB #RX-11136827

$700,000
Oct 7, 2025

Cancelled

RAPB #RX-11123341

Oct 7, 2025

Cancelled

RAPB #RX-11123347

Sep 12, 2025

Listed (Active)

RAPB #RX-11123341

$750,000
Sep 12, 2025

Listed (Active)

RAPB #RX-11123347

$750,000
May 14, 2015

Sold (Public Record)

Public Record #548987530

$150,000

+14.9% / yr

May 14, 2015

Sold

RAPB #RX-10111106

$150,000
Mar 18, 2015

Pending

RAPB #RX-10111106

Feb 12, 2015

Listed (Active)

RAPB #RX-10111106

$155,000
May 10, 2005

Sold (Public Record)

Public Record #157842331

$37,298
Dec 15, 1998

Cancelled

RAPB #RX-4725956

Dec 15, 1997

Listed (Active)

RAPB #RX-4725956

$103,900
DateEvent & SourcePrice
12/17/2025

Price Change

RAPB #RX-11136827

$690,000
12/17/2025

Price Change

RAPB #RX-11138493

$690,000
11/06/2025

Listed (Active)

RAPB #RX-11138487

$3,671,500
11/03/2025

Listed (Active)

RAPB #RX-11138493

$700,000
10/31/2025

Listed (Active)

RAPB #RX-11136827

$700,000
10/07/2025

Cancelled

RAPB #RX-11123341

10/07/2025

Cancelled

RAPB #RX-11123347

09/12/2025

Listed (Active)

RAPB #RX-11123341

$750,000
09/12/2025

Listed (Active)

RAPB #RX-11123347

$750,000
05/14/2015

Sold (Public Record)

Public Record #548987530

$150,000

+14.9% / yr

05/14/2015

Sold

RAPB #RX-10111106

$150,000
03/18/2015

Pending

RAPB #RX-10111106

02/12/2015

Listed (Active)

RAPB #RX-10111106

$155,000
05/10/2005

Sold (Public Record)

Public Record #157842331

$37,298
12/15/1998

Cancelled

RAPB #RX-4725956

12/15/1997

Listed (Active)

RAPB #RX-4725956

$103,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4138 Kirk Road

Taxable ValueLand$333,500Additions$22,040Total$355,540
Tax Record2025$5,852 ($488 / month)
Home Facts
Beds1Baths1Total Finished SqFt1,008 SqFtAbove Grade Finished SqFt1,008 SqFtStories1Lot Size54,385 SqFtStyleSingle Family ResidenceYear Built1949Year Renovated1964ZoningRMCountyPALM BEACHAPN00-43-44-30-01-017-0010

Schools near 4138 Kirk Road

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Palm Springs Elementary School
PublicPK to 5

Lake Worth Community Middle School
Public6 to 8

Lake Worth High School
Public9 to 12

Somerset Academy JFK Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

4138 Kirk Road is a multi-family home for sale in Lake Worth, FL 33461. This property was listed for sale on November 3, 2025 by KW Reserve Business Brokerage LLC, it's currently listed at $690,000. It has been on the market for a total of 50 days and was last sold on May 14, 2015. This listing's school district is Palm Beach. Nearby schools include Palm Springs Elementary School, Lake Worth Community Middle School and Lake Worth High School. 4138 Kirk Road is a 0-bed, 0-bath, 1,008 sqft multi-family home built in 1949.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Reserve Business Brokerage LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.