Brick Duplex with Private
For Sale
Under Contract
$334,000
323 S E Street, Lake Worth, FL 33460
MULTI_FAMILY - Lake Worth Beach, FL
Property Size913 SF
Lot Size0.15 Acres
Price / SF$365.83
Days on Market421
Property Features for 323 S E Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF-TF-14
Bedrooms
1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1
Window features
Blinds
Patio and Porch features
Porch
Subdivision
TOWN OF LAKE WORTH LTS 28 & 29 BLK 127
Lot features
Fruit Tree(s)
Elementary school
South Grade
Middle school
Lake Worth
High school
Lake Worth
Directions
South of Lake Ave on E Street just a few blocks to duplex on the right 323 S E ST
Standard status
Active Under Contract
APN
38434421151270280
Size
913 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
TOWN OF LAKE WORTH LTS 28 & 29 BLK 127
Tax Annual Amount
5477
Legal Description
TOWN OF LAKE WORTH LTS 28 & 29 BLK 127
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Year built
1925
Floors in Building
1
Number of units
2
Flooring type
Laminate, Tile
Building materials
Brick
Roof type
Composition
Listing Agency:
United Realty Group, Inc
(561) 235-2127
Listed By:
Linda Barratt Cervantes PA · License #3087616
(561) 235-2127
Added: Jun 13, 2025
Changed: Aug 5
Last Checked: Aug 7 at 5:06PM
MLS# R11099311
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.
Brick duplex at 323 S E Street in Lake Worth Beach, FL, built in 1925. The property is approximately 913 square feet and sits on a 0.15-acre lot. Interior finishes include tile and laminate flooring. Cooling is provided by window and wall/window unit(s), ceiling fans, and an additional cooling setup listed as ceiling fan(s). Both sides include bathrooms and bedrooms per the current room layout, with a porch as an outdoor feature.
Utilities include public water service and public sewer, with a composition roof over the structure. The property is zoned SF-TF-14.
The configuration supports renting both sides or using one side while renting the other.
Utilities include public water service and public sewer, with a composition roof over the structure. The property is zoned SF-TF-14.
The configuration supports renting both sides or using one side while renting the other.
Key Highlights
- 0.15‑acre lot
- 913 SF duplex
- Built in 1925
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
$15,220
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
4.56%
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%
$304,400
$304.4K
Cap Rate 7%
$217,429
$217.4K
Cap Rate 9%
$169,111
$169.1K
Market Conditions
NOI Build-Up for 913 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
$23.0K $25.20/SF
− Vacancy
−$1.3K −$1.39/SF
EGI
$21.7K $23.81/SF
− OpEx
−$6.5K −$7.14/SF
NOI
$15.2K $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%
$304,400
Cap Rate 7%
$217,429
Cap Rate 9%
$169,111
Alternative Uses
Best Use
Multifamily LT 5
$217.4K
$190.3K – $253.7K
NOI $15,220 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$200.6K
$175.5K – $234.0K
NOI $14,041 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$643.0K
$562.6K – $750.2K
NOI $45,009 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
771
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
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 - Brick duplex zoned SF-TF-14 with private driveway and porch, built in 1925.
Where is this duplex located?
The property is located at 323 S E Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $334,000.
What are key features of this property?
This property features: 0.15‑acre lot; 913 SF duplex; Built in 1925
