Two-Unit Duplex with
For Sale
$525,000
225 N M Street, Lake Worth, FL 33460
Residential Income, Lake Worth Beach, FL
Property Size1,696 SF
Lot Size0.08 Acres
Price / SF$309.55
Days on Market25
Property Features for 225 N M Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MF-30 (city)
Bedrooms
3
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 3
Window features
Blinds
Patio and Porch features
Patio
Pets allowed
Yes, No
Exterior features
Courtyard, Garden
Fencing
Fenced
Subdivision
LAKE WORTH TOWN
Elementary school
North Grade K-8
Middle school
Lake Worth
High school
Lake Worth
Directions
I-95 to 10th Ave N exit, go East to Dixie Hwy. Turn right going South on Dixie Hwy, turn left on 2nd Ave N, turn left on N M St. Property will be on the left side of the street.
Standard status
Active
APN
38434421150460200
Size
1,696 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF LAKE WORTH LT 20 BLK 46
Tax Annual Amount
8471
Legal Description
TOWN OF LAKE WORTH LT 20 BLK 46
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
4
Flooring type
Tile - Ceramic, Laminate, Tile
Building materials
Concrete, Frame, Stucco
Roof type
Shingle, Composition
Listing Agency:
KW Reserve Palm Beach · Keller Williams Realty
Listed By:
Jeffrey L Tricoli PA · License #3082942
(561) 220-6006
Added: Sep 15
Changed: Oct 1
Last Checked: Oct 9 at 1:06PM
MLS# B26076478
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 duplex contains 1,696 square feet across two residential units. The first-floor apartment includes 1 bedroom and 1 bathroom, while the second-floor apartment offers 2 bedrooms and 1 bathroom. The upper unit may be sold fully furnished. Interior features include laminate and tile flooring, central and window-based cooling options, and electric or central heating. Concrete, frame, and stucco construction support the property's residential configuration.
Outdoor improvements include a fenced courtyard, garden area, and patio. The property occupies 0.08 acres and was built in 1920. Public water and public sewer serve the site, with water available and MF-30 (city) zoning. Its Lake Worth Beach setting places the property near restaurants, shopping, and entertainment.
Outdoor improvements include a fenced courtyard, garden area, and patio. The property occupies 0.08 acres and was built in 1920. Public water and public sewer serve the site, with water available and MF-30 (city) zoning. Its Lake Worth Beach setting places the property near restaurants, shopping, and entertainment.
Key Highlights
- Two‑unit duplex with 1,696 square feet of total property size
- First‑floor unit has 1 bedroom and 1 bathroom
- Second‑floor unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,272
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,440
$565.4K
Cap Rate 7%
$403,886
$403.9K
Cap Rate 9%
$314,133
$314.1K
Market Conditions
NOI Build-Up for 1,696 SF
Gross rent
$42.7K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$40.4K $23.81/SF
− OpEx
−$12.1K −$7.14/SF
NOI
$28.3K $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 Rate 5%
$565,440
Cap Rate 7%
$403,886
Cap Rate 9%
$314,133
Alternative Uses
Best Use
Multifamily LT 5
$403.9K
$353.4K – $471.2K
NOI $28,272 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$372.6K
$326.0K – $434.7K
NOI $26,083 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$1.19M
$1.05M – $1.39M
NOI $83,609 @ 7.0% cap · market cap 15.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,875
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide flexible occupancy, with the upper unit available for sale fully furnished.
Where is this duplex located?
The property is located at 225 N M Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,696 square feet of total property size; First‑floor unit has 1 bedroom and 1 bathroom; Second‑floor unit includes 2 bedrooms and 1 bathroom
