Renovated Quadplex Near
For Sale
$1,300,000
909 S N St, Lake Worth, FL 33460
Spacious, renovated quadplex near downtown Lake Worth Beach.
Property Size4,800 SF
Lot Size0.31 Acres
Days on Market314
Property Features for 909 S N St
General Information
Standard status
Active
Size
4,800 SF
Lot size
0.31 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$19,695
Building Details
Building Size
4,800 SF
Year Built
1981
Stories
1
Units
4
Listing Agency:
Highland Realty Advisors LLC
Listed By:
Robert M Miller · License #3207781
(561) 307-2452
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 25 at 5:50AM
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 Highland Realty Advisors LLC
Investment Insights
Based on property information with market context.
This renovated quadplex features four spacious 2-bedroom, 2-bath units, each approximately 1,200 square feet. The property consists of two concrete block duplex buildings situated on nearly a third of an acre. Newer roofs were installed in 2022. Impact windows and doors are present throughout the property. Updated interiors enhance the appeal of each unit. Each unit includes a washer/dryer or the possibility of a hook-up, and separate electric and water meters are installed. Ample off-street parking is available. Located just minutes from downtown Lake Worth Beach, Bryant Park, and the oceanfront, the property offers exceptional rental upside in a high-demand neighborhood. The total square footage of the buildings is approximately 4,800 square feet. Potential market rent is $2,300+ per month per unit.
Key Highlights
- Four spacious (1,200 sq ft) 2‑bedroom, 2‑bath units offer strong rental income potential.
- Prime location: Minutes from downtown Lake Worth Beach, Bryant Park, and the oceanfront.
- Newer roofs (2022) and impact windows & doors provide enhanced safety and reduced insurance costs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,015
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,600,300
$1.6M
Cap Rate 7%
$1,143,071
$1.1M
Cap Rate 9%
$889,056
$889.1K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$121.0K $25.20/SF
− Vacancy
−$6.7K −$1.39/SF
EGI
$114.3K $23.81/SF
− OpEx
−$34.3K −$7.14/SF
NOI
$80.0K $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%
$1,600,300
Cap Rate 7%
$1,143,071
Cap Rate 9%
$889,056
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$1.00M – $1.33M
NOI $80,015 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$1.05M
$922.8K – $1.23M
NOI $73,821 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$3.38M
$2.96M – $3.94M
NOI $236,630 @ 7.0% cap · market cap 18.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,446
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?
Quadplex - Spacious, renovated quadplex near downtown Lake Worth Beach.
Where is this quadplex located?
The property is located at 909 S N St Lake Worth, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four spacious (1,200 sq ft) 2‑bedroom, 2‑bath units offer strong rental income potential.; Prime location: Minutes from downtown Lake Worth Beach, Bryant Park, and the oceanfront.; Newer roofs (2022) and impact windows & doors provide enhanced safety and reduced insurance costs.
