Duplex with Private
For Sale
$479,000
1114 S M Street, Lake Worth, FL 33460
Residential Income, Lake Worth Beach, FL
Property Size1,292 SF
Lot Size0.15 Acres
Price / SF$370.74
Days on Market52
Property Features for 1114 S M Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SF-R (city)
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Window features
Storm Window(s)
Patio and Porch features
Patio
Pets allowed
Yes, No
Exterior features
Garden, Storage
Fencing
Gate, Fenced
Subdivision
LAKE WORTH TOWN OF ADD 1
Elementary school
South Grade
Middle school
Lake Worth
High school
Lake Worth
Standard status
Active
APN
38434427010470050
Size
1,292 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ADD 1 TO TOWN OF LAKE WORTH LT 5 BLK 47
Tax Annual Amount
8898
Legal Description
ADD 1 TO TOWN OF LAKE WORTH LT 5 BLK 47
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
impact windows
updated plumbing with PVC sewer lines
private laundry
spacious backyard
Building Details
Year built
1957
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
CBS
Roof type
Shingle
Additional Structures
Storage
Buildings
1
Listing Agency:
Paradise Real Estate Intl
(561) 570-4040
Listed By:
Ashley Vance · License #3337837
(646) 265-6412
Added: Sep 15
Changed: Oct 30
Last Checked: Nov 5 at 11:06PM
MLS# B26076326
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 1,292-square-foot duplex contains two independent residences on a 0.15-acre lot. The front unit has two bedrooms, one bathroom, a living area, and a kitchen with granite countertops. The rear residence includes one bedroom, one bathroom, a kitchen, living space, and its own entrance. Impact windows, PVC sewer lines, private laundry, tile flooring, central heating, and central air add to the property’s functional features. The building was constructed in 1957 with CBS materials and includes storage, a patio, fencing, and a gated entry.
The property is located in Lake Worth Beach near downtown, restaurants, shopping, entertainment, and the beach. It is served by public water and public sewer, with cable available. SF-R zoning is identified by the city.
The property is located in Lake Worth Beach near downtown, restaurants, shopping, entertainment, and the beach. It is served by public water and public sewer, with cable available. SF-R zoning is identified by the city.
Key Highlights
- Two‑unit duplex with 1,292 square feet of building area
- 0.15‑acre lot with fenced yard, gate, patio, garden, and storage
- Front residence has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,537
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
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
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 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 4.50%
Second Best
Apartment 5plus
$283.9K
$248.4K – $331.2K
NOI $19,870 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$909.9K
$796.2K – $1.06M
NOI $63,693 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
577
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 - Two separately accessed residences feature updated kitchens, private laundry, and a fenced outdoor area.
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 $479,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,292 square feet of building area; 0.15‑acre lot with fenced yard, gate, patio, garden, and storage; Front residence has 2 bedrooms and 1 bathroom
