Concrete Block
New
For Sale
$450,000
1114 7th Avenue N, Lake Worth, FL 33460
Residential Income, Lake Worth Beach, FL
Property Size1,430 SF
Lot Size0.15 Acres
Price / SF$314.69
Days on Market1
Property Features for 1114 7th Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF-R (city)
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Patio and Porch features
Patio
Pets allowed
No, Yes
Subdivision
Lake Worth
Lot features
Corner Lot, Sidewalks
Elementary school
Highland
Middle school
Lake Worth
High school
Lake Worth
Directions
From downtown Lake Worth Beach take Lake Ave or Lucerne Ave to N ''F'' st. and go North 7 blocks to 7th Ave N. The property is on the NE corner. Parking is on the east side of property.
Standard status
Active
APN
38434421152080010
Size
1,430 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF LAKE WORTH LT 1 BLK 208
Tax Annual Amount
8638
Legal Description
TOWN OF LAKE WORTH LT 1 BLK 208
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Ceiling Fan(s), Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
common laundry area
Building Details
Year built
1954
Floors in Building
1
Number of units
4
Flooring type
Linoleum, Tile
Building materials
Block, CBS, Concrete
Roof type
Composition
Listing Agency:
Echo Fine Properties
(561) 500-3246
Listed By:
Dara Dickinson · License #3380939
(815) 742-8587
Added: Sep 21
Last Checked: Sep 21 at 11:06PM
MLS# B26078922
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,430-square-foot duplex at 1114 7th Avenue N includes a two-bedroom, one-bath residence and a one-bedroom, one-bath residence. The concrete block building was constructed in 1954 and includes tile and linoleum flooring, window or wall units, ceiling fans, and a composition roof. The larger unit has an updated kitchen, while the smaller unit is being refreshed with new flooring and fresh paint.
A separate locked utility room provides a common laundry area with washer and dryer hookups. The property sits on a 0.15-acre lot and is served by public water and public sewer, with SF-R city zoning. A patio, updated electrical panels, cable availability, and public access to nearby downtown Lake Worth Beach are additional property features.
A separate locked utility room provides a common laundry area with washer and dryer hookups. The property sits on a 0.15-acre lot and is served by public water and public sewer, with SF-R city zoning. A patio, updated electrical panels, cable availability, and public access to nearby downtown Lake Worth Beach are additional property features.
Key Highlights
- Two‑unit layout with 2‑bedroom and 1‑bedroom residences
- 1,430 square feet on a 0.15‑acre lot
- Concrete block construction completed in 1954
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,838
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$476,760
$476.8K
Cap Rate 7%
$340,543
$340.5K
Cap Rate 9%
$264,867
$264.9K
Market Conditions
NOI Build-Up for 1,430 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.0K $25.20/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$34.1K $23.81/SF
− OpEx
−$10.2K −$7.14/SF
NOI
$23.8K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$476,760
Cap Rate 7%
$340,543
Cap Rate 9%
$264,867
Alternative Uses
Best Use
Multifamily LT 5
$340.5K
$298.0K – $397.3K
NOI $23,838 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$314.2K
$274.9K – $366.5K
NOI $21,992 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$1.01M
$881.2K – $1.17M
NOI $70,496 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,212
Businesses Nearby
Explore this area
Business Placement
Demographics for 33460, FL
36,409
Population
14,769
Households
2.5
Avg Household Size
36
Median Age
24%
College-Educated
72%
High-School Grad
4.7 sq mi
ZIP Area
7,747
Density / Sq Mi
$61,702
Median Household Income
$32,388
Median Earnings
$1,411
Median Rent
$333,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with a refreshed one-bedroom unit, updated electrical panels, and shared laundry hookups.
Where is this duplex located?
The property is located at 1114 7th Avenue N Lake Worth, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit layout with 2‑bedroom and 1‑bedroom residences; 1,430 square feet on a 0.15‑acre lot; Concrete block construction completed in 1954
