Duplex with Guest
New
For Sale
$375,000
1064 HIGHVIEW Road, Lake Worth, FL 33462
A three-bedroom main residence is paired with a separate one-bedroom efficiency unit.
Property Size1,196 SF
Price / SF$313.55
Days on Market6
Property Features for 1064 HIGHVIEW Road
General Information
Standard status
Active
Size
1,196 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
RM
Net Operating Income
$45,200
Units
Unit Mix
3BR/1BA, 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,945
Building Details
Building Size
1,196 SF
Year Built
1952
Stories
1
Listing Agency:
KW Reserve Palm Beach
Listed By:
Loodmy Jacques · License #3222697
(561) 678-5584
Source:
Laerrealty
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 28 at 5:01AM
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 KW Reserve Palm Beach
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 RM-zoned duplex property, built in 1952, has a three-bedroom, one-bathroom main residence and a detached guest house configured as a one-bedroom, one-bathroom efficiency. The property size is listed as 1,196, without a unit specified.
The property is near I-95, beaches, shopping, dining, and Hypoluxo Nature Preserve.
The property is near I-95, beaches, shopping, dining, and Hypoluxo Nature Preserve.
Key Highlights
- Main residence has 3 bedrooms and 1 bathroom
- Guest house offers a 1‑bedroom, 1‑bathroom efficiency
- RM zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,937
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,740
$398.7K
Cap Rate 7%
$284,814
$284.8K
Cap Rate 9%
$221,522
$221.5K
Market Conditions
NOI Build-Up for 1,196 SF
Gross rent
$30.1K $25.20/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$28.5K $23.81/SF
− OpEx
−$8.5K −$7.14/SF
NOI
$19.9K $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%
$398,740
Cap Rate 7%
$284,814
Cap Rate 9%
$221,522
Alternative Uses
Best Use
Multifamily LT 5
$284.8K
$249.2K – $332.3K
NOI $19,937 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$262.8K
$229.9K – $306.6K
NOI $18,394 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$842.3K
$737.0K – $982.7K
NOI $58,960 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Explore this area
Business Placement
Demographics for 33462, FL
33,982
Population
15,911
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
84%
High-School Grad
8.6 sq mi
ZIP Area
3,951
Density / Sq Mi
$72,288
Median Household Income
$38,193
Median Earnings
$1,659
Median Rent
$323,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A three-bedroom main residence is paired with a separate one-bedroom efficiency unit.
Where is this duplex located?
The property is located at 1064 HIGHVIEW Road Lake Worth, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Main residence has 3 bedrooms and 1 bathroom; Guest house offers a 1‑bedroom, 1‑bathroom efficiency; RM zoning
