1008 N 18 AVENUE Lake Worth, FL 33460
Four well-kept 1-bedroom, 1-bath units offer straightforward residential income in a convenient beach/downtown area.
Property Features for 1008 N 18 AVENUE
General Information
- Standard status
- Active
- Size
- 3,036 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing office Urban Investments Realty LLC (305) 992-6440
Listing date Jun 9, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
The asset is located close to both the beach and downtown, which can be a practical draw for tenants seeking easy access to coastal and central-area activities. The property’s location is highlighted as a key factor in the provided remarks.
For prospective buyers, this layout offers a simple tenant mix of all 1-bedroom units, supporting flexible leasing and property management compared to multi-unit buildings with varied unit types. With four units on site and a condition described as strong, the property may fit investors and owner-operators looking for a straightforward residential income asset in a well-positioned area.
Key Highlights
- Four‑unit multi‑family property built in 1970
- Four well‑kept 1‑bedroom, 1‑bath units
- Convenient beach and downtown area
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.5k | $25.20 |
| − Vacancy | −$4.2k | −$1.39 |
| EGI | $72.3k | $23.81 |
| − OpEx | −$21.7k | −$7.14 |
| NOI | $50.6k | $16.67 |
