Duplex With Detached
New
For Sale
$399,000
713 10th Avenue N, Lake Worth, FL 33460
Residential Income, Lake Worth Beach, FL
Property Size1,329 SF
Lot Size0.15 Acres
Price / SF$300.23
Days on Market5
Property Features for 713 10th Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF-TF-14 (city)
Bedrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Patio and Porch features
Patio
Pets allowed
Yes, No
Subdivision
LAKE WORTH TOWN OF
View
City
Elementary school
North Grade K-8
Middle school
Lake Worth
High school
Lake Worth
Directions
From 95 take 10th Ave. east. On North side of 10th Avenue between J and K Streets. Can park in driveway off of alley or on J or K Streets.
Standard status
Active
APN
38434421152800072
Size
1,329 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF LAKE WORTH E 67.5 FT OF LTS 7 & 8 BLK 280
Tax Annual Amount
7673
Legal Description
TOWN OF LAKE WORTH E 67.5 FT OF LTS 7 & 8 BLK 280
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Ceiling Fan(s), Window Unit(s)
Water source
Public
Amenities
on-site washer and dryer
Building Details
Year built
1925
Floors in Building
1
Number of units
2
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
LPT Realty, LLC
(561) 540-8979
Listed By:
Michael William Luciano · License #3371345
(561) 536-3725
Added: Sep 17
Changed: Sep 20
Last Checked: Sep 21 at 11:06PM
MLS# B26077490
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 1,329-square-foot duplex property includes a two-bedroom, one-bath main residence and a detached cottage with a kitchen, bathroom, living room/bedroom, and separate outdoor area. The main home also provides dining and living rooms, a vintage kitchen, and a fenced yard. Both units have separate gas and electric meters, access to an on-site washer and dryer, and off-street parking. Wood-frame construction, a shingle roof, public water, and public sewer serve the property.
Positioned in Lake Worth Beach, the property is blocks from downtown and a few minutes from the beach. The 0.15-acre parcel is zoned SF-TF-14 by the city and includes a patio, wall/window and window unit cooling, ceiling fans, and cable availability.
Positioned in Lake Worth Beach, the property is blocks from downtown and a few minutes from the beach. The 0.15-acre parcel is zoned SF-TF-14 by the city and includes a patio, wall/window and window unit cooling, ceiling fans, and cable availability.
Key Highlights
- 1,329‑square‑foot duplex property on a 0.15‑acre parcel
- Main residence has 2 bedrooms, 1 bathroom, living and dining rooms, vintage kitchen, and fenced yard
- Detached cottage includes a kitchen, bathroom, living room/bedroom, and outdoor space
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
$22,154
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
5.55%
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%
$443,080
$443.1K
Cap Rate 7%
$316,486
$316.5K
Cap Rate 9%
$246,156
$246.2K
Market Conditions
NOI Build-Up for 1,329 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
$33.5K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$31.6K $23.81/SF
− OpEx
−$9.5K −$7.14/SF
NOI
$22.2K $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%
$443,080
Cap Rate 7%
$316,486
Cap Rate 9%
$246,156
Alternative Uses
Best Use
Multifamily LT 5
$316.5K
$276.9K – $369.2K
NOI $22,154 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$292.0K
$255.5K – $340.7K
NOI $20,439 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$936.0K
$819.0K – $1.09M
NOI $65,517 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
894
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
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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 separately metered living spaces offer private outdoor areas, shared laundry access, and off-street parking.
Where is this duplex located?
The property is located at 713 10th Avenue N Lake Worth, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,329‑square‑foot duplex property on a 0.15‑acre parcel; Main residence has 2 bedrooms, 1 bathroom, living and dining rooms, vintage kitchen, and fenced yard; Detached cottage includes a kitchen, bathroom, living room/bedroom, and outdoor space
