Renovated Duplex with Fenced
For Sale
$584,688
1015 S K Street, Lake Worth, FL 33460
Residential Income, Lake Worth Beach, FL
Property Size1,160 SF
Lot Size0.15 Acres
Price / SF$504.04
Days on Market132
Property Features for 1015 S K Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF-R (city)
Bedrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Patio and Porch features
Porch, Patio
Pets allowed
Dogs OK, Yes
Exterior features
Custom Lighting, Garden
Fencing
Fenced, Chain Link
Subdivision
LAKE WORTH TOWN OF ADD 1
Lot features
Fruit Tree(s), Room for Pool
Elementary school
South Grade
Middle school
Lake Worth
High school
Lake Worth
Directions
I-95 to 6th Ave South. Go East. Follow GPS
Standard status
Active
APN
38434427010350120
Size
1,160 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ADD 1 TO TOWN OF LAKE WORTH LT 12 BLK 35
Tax Annual Amount
6825
Legal Description
ADD 1 TO TOWN OF LAKE WORTH LT 12 BLK 35
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Ceiling Fan(s), Wall/Window Unit(s)
Water source
Public
Amenities
fenced yard
Building Details
Year built
1953
Floors in Building
1
Number of units
4
Flooring type
Tile, Tile - Ceramic
Building materials
CBS, Concrete Block - With Stucco
Roof type
Shingle
Additional Structures
Outbuilding
Listing Agency:
United Realty Group, Inc
(561) 235-2127
Listed By:
Jackie Allen PA · License #3003701
(561) 654-4663
Added: May 30
Changed: Oct 1
Last Checked: Oct 8 at 5:06PM
MLS# B26035006
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 duplex contains two renovated residences within a 1,160-square-foot property on a 0.15-acre lot. The rear residence includes a 27x12 converted garage/storage area, independent electric and water service, fencing, and garden space. Its renovation was completed 3 1/2 years ago with ceramic flooring, updated appliances, a remodeled kitchen and bathroom, and a wall-mounted AC unit. The front residence was updated 2 1/2 years ago with ceramic flooring, a new kitchen and appliances, a new bathroom, and a new AC unit.
The property is located in Lake Worth Beach, Florida, within Palm Beach County, and carries SF-R (city) zoning. Construction is concrete block with stucco, supported by public water and public sewer. Additional exterior features include a patio, porch, chain-link fencing, custom lighting, and a garden. The roof is shingle, and cooling includes wall/window units and ceiling fans.
The property is located in Lake Worth Beach, Florida, within Palm Beach County, and carries SF-R (city) zoning. Construction is concrete block with stucco, supported by public water and public sewer. Additional exterior features include a patio, porch, chain-link fencing, custom lighting, and a garden. The roof is shingle, and cooling includes wall/window units and ceiling fans.
Key Highlights
- Two‑unit property with 1,160 square feet on a 0.15‑acre lot
- Rear unit includes a 27x12 converted garage/storage area
- Rear residence has its own electric and water service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,337
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,740
$386.7K
Cap Rate 7%
$276,243
$276.2K
Cap Rate 9%
$214,856
$214.9K
Market Conditions
NOI Build-Up for 1,160 SF
Gross rent
$29.2K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.6K $23.81/SF
− OpEx
−$8.3K −$7.14/SF
NOI
$19.3K $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%
$386,740
Cap Rate 7%
$276,243
Cap Rate 9%
$214,856
Alternative Uses
Best Use
Multifamily LT 5
$276.2K
$241.7K – $322.3K
NOI $19,337 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$254.9K
$223.0K – $297.3K
NOI $17,840 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$816.9K
$714.8K – $953.1K
NOI $57,186 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
735
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
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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 refreshed residences include ceramic finishes, updated kitchens and baths, and dedicated utilities serving the rear unit.
Where is this duplex located?
The property is located at 1015 S K Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $584,688.
What are key features of this property?
This property features: Two‑unit property with 1,160 square feet on a 0.15‑acre lot; Rear unit includes a 27x12 converted garage/storage area; Rear residence has its own electric and water service
