Updated-Kitchen
For Sale
$569,900
1020 S K Street, Lake Worth, FL 33460
Residential Income, Lake Worth Beach, FL
Property Size1,600 SF
Lot Size0.15 Acres
Price / SF$356.19
Days on Market49
Property Features for 1020 S K Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RESIDENTIAL
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4
Pets allowed
Yes, No
Exterior features
Garden, Storage
Fencing
Perimeter, Chain Link
Subdivision
LAKE WORTH TOWN OF ADD 1
Lot features
Room for Pool, Sidewalks
Elementary school
South Grade
Middle school
Lake Worth
High school
Lake Worth
Directions
Take US 1 to 10th Ave N go east then make a right (south) on S K Street. Proceed to 1020 S K Street.
Standard status
Active
APN
38434427010360040
Size
1,600 SF
Lot size
0.15 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
water
Taxes and HOA fees
Tax Year
2026
Tax Description
ADD 1 TO TOWN OF LAKE WORTH LT 4 BLK 36
Tax Annual Amount
9188
Legal Description
ADD 1 TO TOWN OF LAKE WORTH LT 4 BLK 36
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
private front porch
large backyard
washer/dryer hookup
Building Details
Year built
1955
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
CBS, Concrete, Concrete Block - No Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Realty One Group Innovation
(561) 501-0055
Listed By:
Richard Vidot · License #3481925
(561) 702-5541
Added: Sep 18
Changed: Nov 5
Last Checked: Nov 5 at 11:06PM
MLS# B26077721
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.
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Investment Insights
Based on property information with market context.
This 1,600-square-foot duplex on a 0.15-acre lot contains a one-bedroom, one-bathroom front residence and a three-bedroom, one-bathroom rear residence. The front unit has a private porch and driveway parking; the rear unit includes two exterior doors and access to a large backyard. Its kitchen and bathroom have been updated, and the building exterior, driveway, and walkways have been painted. A separate second water meter allows each tenant to pay for their own water service. The concrete-block building has a shingle roof approximately six years old, and a storage shed has washer and dryer hookups.
Both units are occupied by long-term tenants on month-to-month arrangements. The property is close to US 1, downtown, restaurants, shops, and the Lake Worth Beach Pier.
Both units are occupied by long-term tenants on month-to-month arrangements. The property is close to US 1, downtown, restaurants, shops, and the Lake Worth Beach Pier.
Key Highlights
- 1,600‑square‑foot duplex on a 0.15‑acre lot
- Front unit: 1 bedroom, 1 bathroom, private porch, and driveway parking
- Rear unit: 3 bedrooms, 1 bathroom, 2 exterior doors, and a large backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,672
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,440
$533.4K
Cap Rate 7%
$381,029
$381.0K
Cap Rate 9%
$296,356
$296.4K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$40.3K $25.20/SF
− Vacancy
−$2.2K −$1.39/SF
EGI
$38.1K $23.81/SF
− OpEx
−$11.4K −$7.14/SF
NOI
$26.7K $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%
$533,440
Cap Rate 7%
$381,029
Cap Rate 9%
$296,356
Alternative Uses
Best Use
Multifamily LT 5
$381.0K
$333.4K – $444.5K
NOI $26,672 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$351.5K
$307.6K – $410.1K
NOI $24,607 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.13M
$986.0K – $1.31M
NOI $78,877 @ 7.0% cap · market cap 13.84%
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
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Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
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
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?
Duplex - Two residences provide different bedroom layouts, private outdoor areas, and separate water meters.
Where is this duplex located?
The property is located at 1020 S K Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: 1,600‑square‑foot duplex on a 0.15‑acre lot; Front unit: 1 bedroom, 1 bathroom, private porch, and driveway parking; Rear unit: 3 bedrooms, 1 bathroom, 2 exterior doors, and a large backyard
