$1,200,000

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

  • MLS Number: RX-11065545
  • Office Name: The Keyes Company
  • Office Phone: (561) 405-4960
  • Listing Agent: David C Joseph
  • Agent Phone: (561) 789-7726

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2025 BeachesMLS, Inc.

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: 3/14/2025, 4:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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aerial view

$1,200,000

4338 Forest Rd

$10,000

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
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

YearAssessmentProperty 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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $46,452. Typical income of West Palm Beach, FL residents is between $35k-100k annually. Typical family type is single, no kids. Most 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 BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • BurlingtonBurlington
  • Foot LockerFoot Locker
  • H&MH&M

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • Little CaesarsLittle Caesars
  • PopeyesPopeyes

What do the neighbors drive?

  • KiaKia
  • DodgeDodge
  • NissanNissan

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic 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 February 2025 saw over 12 listings sold above listed price, more than 29 sold at listed price and over 169 sold below. In February 2025 in West Palm Beach, FL there were 13% more homes for sale than in January. The median list price of listings available in February 2025 was $406,042, while the average time on the real estate market was 89 days.

From Rocket Homes Real Estate and based on county public records data.

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