55
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151 Duke Drive
About This Property
The historic neighborhood of College Park boasts a variety of condos, ranch-style homes and two-story homes ranging in size from 954 to 4,128 square feet. Many homes within the community are cinder block construction, though there are also other frames with stucco and barrel roofs. Despite being a bit older, most of the homes within the College Park community have recently undergone upgrades and renovations.
Lake Worth is a coastal city in Palm Beach County, Florida, located between Palm Beach and Boynton Beach, FL Lake Worth Beach is seven square miles and wedged between some of the most action-packed waterways in South Florida! Those who like to keep active will find lots to do in the city's many full-sized and pocket parks such as Bryant Park and Northwest Park & Ball Fields. Beach and fishing only a short walk away. Also, adjacent to Lake Worth Beach Golf Club is the Snook Islands Natural Area, which features a fishing pier, educational kiosks, and a kayak launch.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 18, 2026 | Sold | ||
| Sold | |||
| Feb 22, 2026 | Listed by KW Innovations | $950,000 | |
| Listed by KW Innovations | |||
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About College Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017