Duplex With Separate
New
For Sale
$525,000
1114 S M Street, Lake Worth, FL 33460
Two residential units offer individual kitchens, private access, and updated plumbing improvements.
Property Size1,292 SF
Days on Market7
Property Features for 1114 S M Street
General Information
Standard status
Active
Size
1,292 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$8,898
Building Details
Building Size
1,292 SF
Year Built
1957
Listing Agency:
Paradise Real Estate Intl
Listed By:
Ashley Vance · License #3337837
(646) 265-6412
Source:
Meyerlucas
Added: Sep 15
Changed: Sep 21
Last Checked: Sep 16 at 9:01PM
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 Paradise Real Estate Intl
Investment Insights
Based on property information with market context.
This 1,292-square-foot duplex is configured as two separate residential units, each with its own entrance, kitchen, and living area. The front residence includes 2 bedrooms and 1 bathroom, plus an updated kitchen with granite countertops. The rear residence provides 1 bedroom and 1 bathroom along with its own kitchen and living space.
Property features include impact windows, PVC sewer lines, and private laundry. A spacious backyard adds outdoor area to the property. The duplex is near downtown Lake Worth Beach, with dining, shopping, entertainment, and the beach in the surrounding area.
Property features include impact windows, PVC sewer lines, and private laundry. A spacious backyard adds outdoor area to the property. The duplex is near downtown Lake Worth Beach, with dining, shopping, entertainment, and the beach in the surrounding area.
Key Highlights
- 1,292‑square‑foot duplex with two separate residential units
- Front unit includes 2 bedrooms and 1 bathroom
- Rear unit includes 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,537
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$430,740
$430.7K
Cap Rate 7%
$307,671
$307.7K
Cap Rate 9%
$239,300
$239.3K
Market Conditions
NOI Build-Up for 1,292 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.6K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$30.8K $23.81/SF
− OpEx
−$9.2K −$7.14/SF
NOI
$21.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$430,740
Cap Rate 7%
$307,671
Cap Rate 9%
$239,300
Alternative Uses
Best Use
Multifamily LT 5
$307.7K
$269.2K – $359.0K
NOI $21,537 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$283.9K
$248.4K – $331.2K
NOI $19,870 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$909.9K
$796.2K – $1.06M
NOI $63,693 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
894
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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Cap Rate, Value Estimation, Potential NOI and more
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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 residential units offer individual kitchens, private access, and updated plumbing improvements.
Where is this duplex located?
The property is located at 1114 S M Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,292‑square‑foot duplex with two separate residential units; Front unit includes 2 bedrooms and 1 bathroom; Rear unit includes 1 bedroom and 1 bathroom
