Duplex With Separate
For Sale
$499,000
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 Market38
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: Oct 16
Last Checked: Oct 21 at 6:34AM
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
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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 / Yr
$21,537
Cap Rate
4.32%
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 4.32%
Second Best
Apartment 5plus
$283.9K
$248.4K – $331.2K
NOI $19,870 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$909.9K
$796.2K – $1.06M
NOI $63,693 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
894
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 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 $499,000.
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
