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$8,016 Closing Credit¹
#RX-11075124, Rocio Sherwood, Listing Office: Beachfront Realty Inc
#RX-11065545·
Listing office: The Keyes Company·
Listing agent: David C Joseph·
Listing agent phone: (561) 789-7726·
Listing office phone: (561) 405-4960
$1,200,000 List price
4338 Forest Rd West Palm Beach, FL 33406
$10,000
Closing credit¹
3,084 sqft
$389 / sqft
Multi-Family
Property details
About 4338 Forest Rd
Exceptional investment opportunity! QUADPLEX PLUS LAND LOT! This updated quadplex with no HOA offers impact windows throughout plus separate water & electric meters for each unit. The property is 100% occupied with great tenants, generating a super strong cap rate!Included in the sale is the adjacent vacant land lot 0 Preston Dr, bringing the total combined lot size to over half an acre. This prime land unlocks tremendous upside potential for future development, additional units, or value-add opportunities in a high-demand rental market.Whether you're looking for steady rental income, expansion opportunities, or a high-performing asset in a sought-after location, this property checks all the boxes. Don't miss out on this rare multifamily + land package!
Highlights
Home typeQuadruplex
HeatingCentral
StatusActive
CoolingCentral Air
Size3,084 sqft
Year built1988
MLS #RX-11065545
ViewOther
Summary
- Flooring Type: Ceramic Tile, Marble, Tile
- Private Pool: No
- Waterfront: None
- View: Other
- Exterior: Covered Patio, Exterior W/D Hookup, Fruit Tree(s)
- Heating: Central
- Cooling: Central Air
- List Price: $1,200,000
- Price/SqFt: $389
- Annual Tax Amount: $8,215
- Tax Year: 2023
- Directions: West on Forest Hill Blvd, turn north on Military Trail, and then turn left onto Forest Rd.
- Year Built: 1988
- Stories: 1
- Living Area: 3,084 SqFt
- MLS Number: RX-11065545
- Office Name: The Keyes Company
- Office Phone: (561) 405-4960
- Listing Agent: David C Joseph
- Agent Phone: (561) 789-7726
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This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/30/2025, 5:20:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,200,000
4338 Forest Rd
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 21, 2019 | Home Sold | $470,000 |
| Feb 12, 2009 | Home Sold | $225,000 |
| Jan 28, 2004 | Home Sold | $325,000 |
| Mar 08, 2003 | Home Sold | $260,000 |
| Dec 19, 2001 | Home Sold | $186,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $449,424 | $8,215 |
| 2022 | $384,439 | $7,593 |
| 2021 | $309,244 | $7,593 |
| 2020 | $389,353 | $6,812 |
| 2019 | $252,960 | $6,606 |
| 2018 | $229,964 | $5,915 |
| 2017 | $209,058 | $5,241 |
History based on county public records data.
Nearby schools
5
Berkshire Elementary School
Public Magnet PK-5
0.4 mi
•1060 Kirk Rd
3
Clifford O. Taylor/Kirklane Elementary School
Public Magnet PK-5
1.3 mi
•4200 Purdy Ln
6
Somerset Academy Lakes
Public Charter KG-5
1.6 mi
•2845 Summit Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,452. The majority of West Palm Beach, FL residents have income between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
36%
<35k
57%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
35%
Single, No Kids
23%
Single, with Kids
17%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
10%
12-17 yrs old
26%
18-34 yrs old
40%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Popeyes
What do the neighbors drive?
Kia
Dodge
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 4338 Forest Rd in West Palm Beach, FL and zip code 33406. This 3,084 square foot home was built in 1988. Features: 0 bathroom. It has been listed on Rocket Homes since February 25, 2025 and is currently priced at $1,200,000.
West Palm Beach, FL housing market in April 2025 saw over 27 listings sold above listed price, more than 48 sold at listed price and over 208 sold below. In April 2025 in West Palm Beach, FL there were 7.6% more homes for sale than in March. While the average time on the market in April 2025 was 76 days, the median list price was $405,489.
From Rocket Homes Real Estate and based on county public records data.