Tenant-Occupied
For Sale
$690,000
706 S F St, Lake Worth, FL 33460
Residential Income, Lake Worth, FL
Property Size2,567 SF
Price / SF$268.80
Days on Market83
Property Features for 706 S F St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
MF-30 (c
Bedrooms
5
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 2
Parking
3
Subdivision
LAKE WORTH TOWN OF
Lot features
< 1/4 Acre
Standard status
Active
APN
38434421152270070
Size
2,567 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF LAKE WORTH LT 7 BLK 227
Tax Annual Amount
14316
Legal Description
TOWN OF LAKE WORTH LT 7 BLK 227
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1957
Floors in Building
1
Flooring type
Vinyl
Building materials
Block
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Odalys Martinez Mercado · License #3330424
(754) 777-3233
Added: Jul 18
Changed: Sep 28
Last Checked: Oct 8 at 4:06AM
MLS# A12002361
Copyright © 2026 Miami REALTORS®. 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 three-unit residential income property contains 2,567 square feet and is currently occupied by tenants. The building was constructed in 1957 with block construction, vinyl flooring, central heating, and central air conditioning. Unit configurations include two 2-bedroom units and one 1-bedroom unit.
The property is located at 706 S F St in Lake Worth, Florida, near major roadways, shopping, and local amenities. Tenant access is managed through scheduled showings by appointment.
The property is located at 706 S F St in Lake Worth, Florida, near major roadways, shopping, and local amenities. Tenant access is managed through scheduled showings by appointment.
Key Highlights
- Three separate residential units with 2‑bedroom and 1‑bedroom configurations
- 2,567 square feet of building area
- Currently tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,791
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,820
$855.8K
Cap Rate 7%
$611,300
$611.3K
Cap Rate 9%
$475,456
$475.5K
Market Conditions
NOI Build-Up for 2,567 SF
Gross rent
$64.7K $25.20/SF
− Vacancy
−$3.6K −$1.39/SF
EGI
$61.1K $23.81/SF
− OpEx
−$18.3K −$7.14/SF
NOI
$42.8K $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 Rate 5%
$855,820
Cap Rate 7%
$611,300
Cap Rate 9%
$475,456
Alternative Uses
Best Use
Multifamily LT 5
$611.3K
$534.9K – $713.2K
NOI $42,791 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$564.0K
$493.5K – $658.0K
NOI $39,479 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,548 @ 7.0% cap · market cap 18.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
872
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with central heating, central air, block construction, and vinyl flooring.
Where is this triplex located?
The property is located at 706 S F St Lake Worth, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Three separate residential units with 2‑bedroom and 1‑bedroom configurations; 2,567 square feet of building area; Currently tenant‑occupied
