Updated Two-Unit
For Sale
$449,990
1114 7th Avenue N, Lake Worth, FL 33460
Residential Income, Lake Worth Beach, FL
Property Size1,430 SF
Lot Size0.15 Acres
Price / SF$314.68
Days on Market46
Property Features for 1114 7th Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF-R (city)
Bedrooms
3
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Patio and Porch features
Patio
Pets allowed
No, Yes
Subdivision
Lake Worth
Lot features
Corner Lot, Sidewalks
Elementary school
Highland
Middle school
Lake Worth
High school
Lake Worth
Directions
From downtown Lake Worth Beach take Lake Ave or Lucerne Ave to N ''F'' st. and go North 7 blocks to 7th Ave N. The property is on the NE corner. Parking is on the east side of property.
Standard status
Active
APN
38434421152080010
Size
1,430 SF
Lot size
0.15 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF LAKE WORTH LT 1 BLK 208
Tax Annual Amount
8638
Legal Description
TOWN OF LAKE WORTH LT 1 BLK 208
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Ceiling Fan(s), Wall/Window Unit(s)
Water source
Public
Amenities
common laundry area
Building Details
Year built
1954
Floors in Building
1
Number of units
4
Flooring type
Linoleum, Tile
Building materials
Block, CBS, Concrete
Roof type
Composition
Buildings
1
Listing Agency:
Echo Fine Properties
(561) 500-3246
Listed By:
Dara Dickinson · License #3380939
(815) 742-8587
Added: Sep 21
Changed: Nov 4
Last Checked: Nov 5 at 11:06PM
MLS# B26078922
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 1,430-square-foot duplex contains two residences: one with two bedrooms and one with a single bedroom; each has one bathroom. Built in 1954 with concrete-block construction, the property sits on a 0.15-acre lot. Interior work includes a newer kitchen in the larger unit and refreshed flooring, paint, and appliances in the smaller one. A separate locked utility room provides shared washer and dryer hookups, and the electrical panels have been updated.
The property is zoned SF-R by the city. It has a patio, tile and linoleum flooring, and wall or window cooling with ceiling fans. Public water and sewer service the site.
The property is zoned SF-R by the city. It has a patio, tile and linoleum flooring, and wall or window cooling with ceiling fans. Public water and sewer service the site.
Key Highlights
- Two residences: one 2‑bedroom, 1‑bath unit and one 1‑bedroom, 1‑bath unit
- 1,430‑square‑foot building on a 0.15‑acre lot
- Concrete‑block construction; built in 1954
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,838
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,760
$476.8K
Cap Rate 7%
$340,543
$340.5K
Cap Rate 9%
$264,867
$264.9K
Market Conditions
NOI Build-Up for 1,430 SF
Gross rent
$36.0K $25.20/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$34.1K $23.81/SF
− OpEx
−$10.2K −$7.14/SF
NOI
$23.8K $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%
$476,760
Cap Rate 7%
$340,543
Cap Rate 9%
$264,867
Alternative Uses
Best Use
Multifamily LT 5
$340.5K
$298.0K – $397.3K
NOI $23,838 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$314.2K
$274.9K – $366.5K
NOI $21,992 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$1.01M
$881.2K – $1.17M
NOI $70,496 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,212
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - The residences offer separate one- and two-bedroom layouts, with improvements made to both interiors.
Where is this duplex located?
The property is located at 1114 7th Avenue N Lake Worth, FL.
What is the asking price?
The asking price for this property is $449,990.
What are key features of this property?
This property features: Two residences: one 2‑bedroom, 1‑bath unit and one 1‑bedroom, 1‑bath unit; 1,430‑square‑foot building on a 0.15‑acre lot; Concrete‑block construction; built in 1954
