Duplex with Original Pine
New
For Sale
$385,000
519 N J Street, Lake Worth, FL 33460
MULTI_FAMILY - Lake Worth Beach, FL
Property Size1,262 SF
Lot Size0.15 Acres
Price / SF$305.07
Days on Market4
Property Features for 519 N J Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF-TF-14 (city)
Bedrooms
3
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 2
Patio and Porch features
Patio
Pets allowed
No, Yes
Exterior features
Awning(s), Barbecue, Garden
Fencing
Gate, Fenced
Subdivision
LAKE WORTH TOWN OF
Lot features
Many Trees, Oversized Lot
View
City
Elementary school
North Grade K-8
Middle school
Lake Worth
High school
Lake Worth
Directions
From US1 to 7th Ave N, go east, south on J St, property is on the west side
Standard status
Active
APN
38434421151500230
Size
1,262 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF LAKE WORTH LTS 23 & 24 BLK 150
Tax Annual Amount
4712
Legal Description
TOWN OF LAKE WORTH LTS 23 & 24 BLK 150
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Year built
1925
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile - Ceramic, Linoleum
Building materials
Stucco
Roof type
Tar/Gravel, Built-Up
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Javaid M Iqbal · License #678817
(561) 252-1407
Added: Aug 4
Changed: Aug 7
Last Checked: Aug 7 at 5:06PM
MLS# B26059970
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 1,262-square-foot duplex includes a two-bedroom, one-bath main residence and a separate rear rental cottage. The primary house dates to 1925 and requires restoration, while the cottage is described as being in better condition. Interior details include original Dade County Pine flooring, with some areas covered by linoleum, a large kitchen, and a fireplace connected to natural gas. Stucco construction, ceramic tile, a patio, fenced grounds, and garden features are also present.
The property is five walkable blocks north of downtown Lake Worth Beach in the Mango Groves area of the Northeast Lucerne Historic District. It carries SF-TF-14 city zoning and has public water and public sewer service. Cooling is provided by ceiling fans and wall or window units, while cable is available.
The property is five walkable blocks north of downtown Lake Worth Beach in the Mango Groves area of the Northeast Lucerne Historic District. It carries SF-TF-14 city zoning and has public water and public sewer service. Cooling is provided by ceiling fans and wall or window units, while cable is available.
Key Highlights
- 1,262 SF duplex on a 0.15‑acre parcel
- Two‑bedroom, one‑bath main house plus a rear rental cottage
- 1925 construction with restoration needed in the primary residence
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
$21,037
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
5.46%
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%
$420,740
$420.7K
Cap Rate 7%
$300,529
$300.5K
Cap Rate 9%
$233,744
$233.7K
Market Conditions
NOI Build-Up for 1,262 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
$31.8K $25.20/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$30.1K $23.81/SF
− OpEx
−$9.0K −$7.14/SF
NOI
$21.0K $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%
$420,740
Cap Rate 7%
$300,529
Cap Rate 9%
$233,744
Alternative Uses
Best Use
Multifamily LT 5
$300.5K
$263.0K – $350.6K
NOI $21,037 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$277.3K
$242.6K – $323.5K
NOI $19,409 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$888.8K
$777.7K – $1.04M
NOI $62,214 @ 7.0% cap · market cap 16.16%
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
729
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-building configuration pairs a primary residence with a rear rental cottage on a 0.15-acre parcel.
Where is this duplex located?
The property is located at 519 N J Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,262 SF duplex on a 0.15‑acre parcel; Two‑bedroom, one‑bath main house plus a rear rental cottage; 1925 construction with restoration needed in the primary residence
