Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 7.5% cap rate. Property consists of (3) duplexes for a total of 6 units on almost an acre of land. Each unit has a similar floor plan comprised of 3 bedrooms and 1 full bath. Upgrades vary by unit and include impact sliders/windows, new ACs (in 4 of 6 units), updated bathrooms/ kitchens, new tile flooring, fresh paint, etc. The exterior was just painted, landscaped, offers plenty of parking, and new exterior lighting. Attached is a brochure with more details.
Sold for $1,620,000
$1,620,000
4063 Herbertz Road, Lake Worth, FL 33461
9beds
4baths
5,880sqft
Quadruplex, Multi Family, Multi Family
Built in 1979
-- sqft lot
$1,769,800 Zestimate®
$276/sqft
$1,900 Estimated rent
Home value
$1,769,800
$1.56M - $2.04M
$1,900/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: March 08, 2026 at 12:19pm
Listed by:
Daniel J DeRogatis PA 561-305-5500,
RE/MAX Direct,
Janelle Mae Khan 920-988-8169,
RE/MAX Direct
Bought with:
Phuc Dang, 3381469
Continental Properties, Inc.
Phuc Dang, 3381469
Continental Properties, Inc.
Source: BeachesMLS,MLS#: R10997031
Originating MLS: BeachesMLS
Originating MLS: BeachesMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air, Electric
Features
- Flooring: Laminate, Tile
Interior area
- Total structure area: 5,880
- Total interior livable area: 5,880 sqft
Property
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Garden
- Waterfront features: None
Lot
- Size: 0.86 Acres
Details
- Parcel number: 00434430010150032
- Zoning: RM
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family, Multi Family
Materials
- Block, Concrete
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1979
Utilities & green energy
- Electric: 3 Phase
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Water Available
Community & neighborhood
Location
- Region: Lake Worth
- Subdivision: PALM BEACH FARMS CO 7
HOA & financial
HOA
- Has HOA: No
- Amenities included: None
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/14/2025 | Sold | $1,620,000-4.4%$276/sqft |
Source:  BeachesMLS #R10997031 Report a problem | ||
| 6/18/2024 | Listed for sale | $1,695,000-10.8%$288/sqft |
Source: BeachesMLS #RX-10997031 Report a problem | ||
| 5/3/2024 | Listing removed | -- |
Source: BeachesMLS #RX-10918420 Report a problem | ||
| 3/21/2024 | Price change | $1,899,700-5%$323/sqft |
Source: BeachesMLS #RX-10918420 Report a problem | ||
| 1/7/2024 | Price change | $1,999,700-4.8%$340/sqft |
Source: BeachesMLS #RX-10918420 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $18,237 +9.8% | $925,506 +10% |
| 2023 | $16,606 +25.2% | $841,369 +56.2% |
| 2022 | $13,260 +11% | $538,808 +10% |
Find assessor info on the county website
Neighborhood: Lake Worth Corridor
Nearby schools
GreatSchools rating
- 2/10Palm Springs Elementary SchoolGrades: PK-5Distance: 1 mi
- 3/10Lake Worth Community Middle SchoolGrades: 6-8Distance: 2.3 mi
- 2/10Lake Worth High SchoolGrades: PK,9-12Distance: 2.3 mi
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Estimated market value
$1,769,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,769,800
- Florida
- Palm Beach County
- Lake Worth Beach
- 33461
- Lake Worth Corridor
- 4063 Herbertz Road
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