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.
- Added:
- Jun 9, 2026
- Days on Market:
- 18
- Last Refresh:
- Jun 20 at 7:34 am
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
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Urban Investments Realty LLC
HighLights
- Four‑unit multi‑family property built in 1970
- Four well‑kept 1‑bedroom, 1‑bath units
- Convenient beach and downtown area
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0561142
- Latitude
- 26.6374651
