New
For Sale
$755,900
1014 S M Street #1, Lake Worth, FL 33460
Four residential units offer a multifamily configuration in Lake Worth Beach.
Property Size2,525 SF
Price / SF$299.37
Days on Market3
Property Features for 1014 S M Street #1
General Information
Standard status
Active
Size
2,525 SF
Property subtype
Quadruplex
Property Condition
Severity
Repairs Needed
Evidence
Needs some TLC
Additional Details
Multifamily Units
4
Building Details
Year Built
1968
Buildings
1
Listing Agency:
Hot Team Realty & Investmt Srv
(561) 315-9714
Listed By:
Jean P Renelus · License #3070530
(561) 667-8051
Source:
Lehmannflorida
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:02AM
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 Hot Team Realty & Investmt Srv
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,525-square-foot quadplex was built in 1968 and contains four residential units. The property requires some attention, providing a clear view of its current condition for prospective buyers.
Located in Lake Worth Beach, the property is described as minutes from the beach.
Located in Lake Worth Beach, the property is described as minutes from the beach.
Key Highlights
- Four‑unit residential property
- 2,525 square feet
- Built in 1968
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,091
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$841,820
$841.8K
Cap Rate 7%
$601,300
$601.3K
Cap Rate 9%
$467,678
$467.7K
Market Conditions
NOI Build-Up for 2,525 SF
Gross rent
$63.6K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$60.1K $23.81/SF
− OpEx
−$18.0K −$7.14/SF
NOI
$42.1K $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%
$841,820
Cap Rate 7%
$601,300
Cap Rate 9%
$467,678
Alternative Uses
Best Use
Multifamily LT 5
$601.3K
$526.1K – $701.5K
NOI $42,091 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$554.8K
$485.4K – $647.2K
NOI $38,833 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$1.78M
$1.56M – $2.07M
NOI $124,477 @ 7.0% cap · market cap 16.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
684
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer a multifamily configuration in Lake Worth Beach.
Where is this quadplex located?
The property is located at 1014 S M Street #1 Lake Worth, FL.
What is the asking price?
The asking price for this property is $755,900.
What are key features of this property?
This property features: Four‑unit residential property; 2,525 square feet; Built in 1968
