3088 Prince Drive Lake Worth, FL $ 575,000
3088 Prince Drive
$ 575,000
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3088 Prince Drive

Lake Worth, FL, 33461
$ 575,000
Baths0.0 Sq 1,800

Monthly Estimate*

$ 3,631

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View a Virtual Tour
Studio

Multi-Family Home for sale in Lake Worth, FL

for $575,000. This 1,800 square foot home was built in 1960.

Excellent investment opportunity! Well-maintained duplex featuring two spacious 2-bedroom, 1-bath units plus a den/office in each unit. The den is currently being used as a third bedroom, offering additional flexibility and rental potential. Each unit has its own private washer and dryer, separate electric meter, and remodeled bathroom. Long-term tenants have been in place for over 10 years and would like to remain, providing stable income from day one. Current rents are $2,100/month and $2,000/month, offering immediate cash flow with upside potential. The fully paved backyard eliminates rear lawn maintenance, helping keep operating expenses low. Recent improvements include a new permitted roof (2025), permitted plumbing upgrades (2025), and permitted electrical improvements (2024). Seller updates also include newer A/C systems, newer water heaters, remodeled bathrooms, and private washers and dryers in each unit. This is a turnkey, income-producing property that's ideal for investors seeking strong cash flow with minimal deferred maintenance.

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Multi-Family Active

Price

$ 575,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,743

Style

Year Built

1960

Town/City

Lake Worth

County/Region

Palm Beach

MLS | Web ID

B26055335

Features
General
Sewer Public Sewer
Heating Central Separate Meters
Cooling Central Air Ceiling Fan(s) Wall/Window Unit(s)
Utilities Cable Available
Possession Subject To Tenant Rights
Roof Composition Shingle
Construction Materials Block Frame
Pets Allowed No Pet Restrictions Yes
Year Built 1960
Tenant Pays Cable TV Electricity
Stories Count 1
Levels One
Property Subtype Duplex
Tax Year 2025
Gross Income 49200
Accessibility None
County Palm Beach
Net Operating Income 40000
Operating Expense 8000
New Construction false
Property Type Residential Income
Subdivision Name Palm Beach Farms Co Place
Status Active
High School Lake Worth
City Lake Worth
Senior Community Y/N false
Number Of Units Total 2
MLS Area 5700
Elementary School Barton
Tax Annual Amount 7743
Middle/Junior High School Lake Worth
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/3088-Prince-Drive-Lake-Worth-FL-33461/unbranded
Standard Status Active
Property Sub Type Additional Duplex
Legal Description PALM BEACH FARMS CO PL NO 7 W 90 FT OF E 180 FT OF LT A (LESS N 26 FT RD R/W) BLK 127
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Interior
Flooring Ceramic Tile Tile
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Washer Hookup Electric Dryer Hookup Inside Laundry Room
Total Baths 0
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Exterior
Exterior Amenities Storage
Fencing Back Yard Fenced
Water Source Public
Total Parking 6
Building Area Total 2000
Waterfront Y/N false
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* Excluded Features
List By
Michael J Johnston

Listing Agent

Affordability Calculator

$4,276
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,631
Monthly Property Taxes
$645
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4230985 Elementary School
0 Middle School
Lake Worth High School High School
Pricing History
DatePricePrice ChangeDescription
7/22/2026$575,000 Listed Price

Map


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3088 Prince Drive, Lake Worth, FL, 33461 is a Multi-Family Home for sale at $575,000 with 1,800 sqft. 3088 Prince Drive is a studio with 0.0 baths and was built in 1960. The property's zip code is 33461 which is in Lake Worth, FL